Tax Warrior Chronicles

Medicare and Your Social Security Benefits

Posted on Wed, Sep 08, 2021

Jeremy Gussick, MBA, CFP, of LPL Financial, is no stranger to our subscribers.  He has become one of our Social Security and retirement planning go-to experts.  Today, he talks about Medicare and other Social Security benefits and when, where, and if taxation comes into play.

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GUEST BLOG - Are Most of Your Retirement Eggs in the Same Tax Basket?

Posted on Wed, Feb 12, 2020

By: Jeremy Gussick, MBA, CFP


As the busy tax season gets into swing, we like to tap friends in the financial planning world to help our clients and subscribers with their planning. Jeremy Gussick of LPL Financial is no stranger to our subscribers.  Today, he talks about taking distributions from various types of retirement accounts in the most tax-efficient manner.

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The Fairness of Taxes from the Perspective of Children

Posted on Mon, Apr 08, 2019

By: Eric R. Elmore


I’m privileged to work with many talented tax professionals—some are the best minds in tax. Our advisors tackle complex planning for many of the wealthiest families in America. Graduate degrees and credentials acquired over years of practice include CPA, MT, JD, LLM, PFS, CFP, and MBA. However, when we asked children at Philadelphia’s Mighty Writers to give us their interpretations of taxes, their answers reflected a surprisingly good understanding of the subject, despite their lack of financial or legal education.  Before we give you their responses, a little on Mighty Writers and how The Tax Warriors® became a big fan.

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Reconstructing Business Records After a Disaster

Posted on Tue, Oct 17, 2017

By: Eric R. Elmore


The latter half of 2017 has been a trying time for many U.S. businesses. Disruption and damages from Hurricanes Harvey, Irma, Maria and Nate, and California wildfires have affected business owners who now wonder how to carry on in the aftermath.  Insurance, federal assistance agencies and the IRS require certain documents, which may have been lost or damaged, to make claims and place values on losses. In today’s post, we’ll share some tips on getting your business house back in order after a disaster.

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Millennial Series VII: Refinancing a Home: What You Should Know

Posted on Tue, Oct 10, 2017

By: Matthew Walker, CPA


Have you wondered when is the best time to refinance your home? There’s no simple answer to this question. Generally, if the prevailing rate is 1% better than your current rate, it’s worth it to refinance. But, of course, other factors must be considered. Today, we will look at some of the basic questions you should ask yourself and the lender before you refinance your mortgage.

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New Tax Strategy for Foreign Investors in U.S. Partnerships

Posted on Wed, Sep 27, 2017

By: Yi Yang, CPA, MBA and Ronald Wiener, JD


A recent United States Tax Court case may allow foreign partners to legally avoid paying U.S. income tax on certain income from sale of its interest in a partnership (including LLC’s taxed as a partnership) that engages in a trade or business in the United States.  They may even be able to get refunds if they paid taxes to the IRS on such income in prior years.  This is the principal takeaway from the Tax Court’s 50-page opinion involving the tax treatment of a foreign partner’s disposition of its entire interest in a U.S. partnership.

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Millennial Series Part V:  Tax Help for Having or Adopting Children

Posted on Tue, Aug 29, 2017

By: Stefanie Ostrich, CPA


Welcoming a child into your life is among the most exciting life experiences.  Get ready to feel love like you never knew.  With the love, however, comes many new expenses, like diapers, formula and child care just to name a few.  However, there are multiple tax benefits and tax planning opportunities to help offset some costs. Let’s look at some of the more significant ones.

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Estimated Taxes Due September 15th…Are You Prepared?

Posted on Wed, Aug 23, 2017


In anticipation of the September 15th deadline for 2017 Q3 estimated taxes, we are re-running a post which outlines making estimated tax payments if you receive income that is not subject to withholding, and the penalties for not doing so. If you receive such income, or have clients who do, this primer is good to keep within reach.

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Game of Thrones: How Some Royal Families Are Taxed…and Why

Posted on Wed, Aug 02, 2017

By: Eric R. Elmore


Recently, season seven of the popular HBO series Game of Thrones premiered. The much-anticipated return of the show is the subject of many Monday-morning water cooler conversations, including at Drucker & Scaccetti. Tax Warrior banter, however, often includes questions around taxation. Since being curious is one of our core values, we did some research on how some real royal families are taxed. What we found is interesting.  Today’s post covers four European dynasties and how their taxation is administered.

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Millennial Series: Part II – Tax Tips for Getting Married

Posted on Thu, Jul 20, 2017

By: Cecilia Fernandes


The question has been popped; and the answer is “yes.”  Now, you have a wedding to plan.  Both of you immediately think of things like a dress, a reception hall, guest lists, honeymoon locations, etc. Rarely are taxes part of the equation while planning a wedding; but they are an important part of your new life together. In today’s blog, part of our Millennial Series, we’ll touch on some important steps to minimize tax exposure as a married couple and some other administrative tasks to make the transition from being single to married as smooth as possible.

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