Articles & Videos
Don’t Tempt the Taxman to Choose You for an Audit
Don’t Tempt the Taxman to Choose You for an Audit There are a lot of benefits to being ultra wealthy. High net worth individuals get to experience so many things in life that most people can only dream of. The wealthy also enjoy an extravagant lifestyle that other people only get to watch in movies…
How Long Does the IRS Have to Audit You?
How Long Does the IRS Have to Audit You? Some people love surprises, like when you get that perfect gift for Christmas or your birthday that you weren’t expecting in a million years. Some surprises can be a great, like getting more back in your tax return than you were expecting, or receiving a raise…
How Much Profits Are U.S. Companies Really Holding Overseas?
How Much Profits Are U.S. Companies Really Holding Overseas? How much money does the U.S. government collect in corporate taxes every year on average? While there is no exact answer the following numbers provide a relatively close approximation. In 2014, the Government collected $3.02 trillion in taxes, with about 11 percent of that coming from…
How to Avoid Big Taxes on Capital Gains From Mutual Funds
How to Avoid Big Taxes on Capital Gains From Mutual Funds Many people who own mutual funds know they are typically a good way to save on taxes because capital gains are taxed at about half the rate of regular income. It’s one of the most common ways that the super rich make so much…
How to Avoid Paying a High Estate Tax
How to Avoid Paying a High Estate Tax It is said that there are two certainties in life: death and taxes. When it comes to some states those two things go hand-in-hand. The estate tax, which is also known as the “death tax” seems like a punch in the gut to many who oppose it.…
How To Handle a Tax Bill You Can’t Pay
How To Handle a Tax Bill You Can’t Pay What could be more chilling than receiving a notice from the IRS that you owe a huge tax bill? The answer: the realization that you don’t have the money to pay off said tax bill. So what should you do if you find yourself in this…
How Will the Young Generation Learn to Be Great Leaders?
How Will the Young Generation Learn to Be Great Leaders? Our nation has been the spawning ground of many of the world’s greatest leaders, including political, business and religious leaders. There are great leaders in all the world’s top organizations and businesses. After all, having great leaders is one of the biggest keys to having…
If You Have A Secret Offshore Account, Beware
If You Have A Secret Offshore Account, Beware The IRS has been hunting for cheats for as long as people have been paying taxes. Whether it’s people adding extra dependents to save a few dollars on their returns, or the ultra-wealthy hiding money in secret offshore accounts, the IRS always wants to collect what it…
Is Your Business’ Accounting Firm Up to The Task?
Is Your Business’ Accounting Firm Up to The Task? Businesses and individuals use accounting firms for several reasons, including tax planning and preparation, accounting, business valuations, consulting and wealth planning & management. However, not all accounting firms offer all of these services, which means potential customers might have to use multiple firms in order to…
Lawmakers Hand Out Some Last Minute Tax Breaks
Lawmakers Hand Out Some Last Minute Tax Breaks Merry Christmas taxpayers. Lawmakers in Washington have finally made a move to pass several tax extenders that have been hanging in limbo since the big crystal ball last dropped at 12:00:01 on January 1, 2014. So now that these tax breaks have been extended, what does that…
Luxury Monaco Penthouse Could Be a Big Draw for the Wealthy
Luxury Monaco Penthouse Could Be a Big Draw for the Wealthy Tax inversions are a big deal in corporate America right now, as well as in the nation’s capitol, where lawmakers are taking aim at them. However, large corporations are not the only ones looking for ways to save money on their taxes. Wealthy individuals…
NYC Teachers Union Seeking Tax Revenue From Absentee Apartment Owners
NYC Teachers Union Seeking Tax Revenue From Absentee Apartment Owners How are New York City schoolteachers and the owners of lavish apartments in the city connected? Give up? It has to do with taxes. It’s a well-known fact that many of the world’s wealthiest people own property in New York City, including apartment homes in…
Overconfidence Steps Up
Overconfidence Steps Up Overconfidence is irritating to the onlooker. In a public place, we resent those exhibiting this trait. We think them as arrogant and pushy. We see a man disrespect others in his wake and we loath him. “How could he be so inconsiderate?” And we avoid being tossed by the waves of his…
Try These Smart Tax Saving Moves Before the Year Ends
Try These Smart Tax Saving Moves Before the Year Ends It’s really the middle of November already. Thanksgiving is just a few days away and Christmas is soon to follow. People are grateful for many things at this time of year, but one of them isn’t taxes. Of course, the real tax season doesn’t begin…
Where Do Californians Stand On Taxes?
Where Do Californians Stand On Taxes? California’s high ranking on the tax meter is well documented. The state is among the highest in the nation for both income taxes and business taxes. It ranks high in several other tax categories as well, including sales tax, property tax and even the gas tax. The Golden State…
Why Do California’s Tax Problems Continue?
Why Do California’s Tax Problems Continue? It’s the classic adage made famous from the movie Robin Hood: “Rob from the rich and give to the poor.” Although Robin Hood may have meant well and his actions noble, the idea of taking more from the rich to give to the poor is not always wise when…
Why Do IRS Audit Numbers Continue to Decline?
Why Do IRS Audit Numbers Continue to Decline? No one would voluntarily go through an audit and, in fact, many people would rather experience a lot of other unpleasant situations over going through an audit from the IRS. Let’s face it, being selected for an audit can be a spine-curling experience for many taxpayers. In…
With Congress Now Back What Will it Mean for Taxes
With Congress Now Back What Will it Mean for Taxes Fall is here and that means the rain and wind are on their way back. Congress is back as well and they have a lot to talk about. It’s not exactly clear how much they will get done in the next three months, but they…
Your Successes Are More Important Than Your Failures
Your Successes Are More Important Than Your Failures If you look back on your life, whether it’s life in general or your career, or just about anything else, most likely you will remember the good times more than the bad. Of course, that doesn’t mean everything has gone perfect and that you haven’t had your share…
Clientele and Industries Served
Clientele and Industries Served In addition to serving over 1,200 individual tax clients, Greenstein, Rogoff, Olsen & Company, LLP serves companies in a wide range of industries. This listing presents the range of industries served by our firm. Industries Served: Our clientele span many industries and income brackets. High Technology Manufacturing Construction Hospitality Real Estate…