Category: Timely Articles


Making the Most of Memos Published in Rapaport Magazine

Robert Hoberman authored the article, “Making the Most of Memos,” which was published in the February 2018 issue of Rapaport Magazine. You can download or read the article here.

Consignment can be a lucrative arrangement for jewelers, as long as both … Read More »


Consider a Phased Retirement Program for Your Employees

Most employers believe their employees expect to work past age 65. A recent survey by the Transamerica Center for Retirement Studies states that one reason for staying on the job longer is that so many older workers experience a shortfall of … Read More »


Retirement Account Catch-Up Contributions Can Add Up

Are you age 50 or older? If so, you can currently make extra “catch-up” contributions to certain types of tax-favored retirement accounts. Over time, these contributions can make a significant difference in your retirement-age wealth.

What about tax reform? After … Read More »


How Might the New Tax Reform Law Affect You?

President Trump and Republican members of Congress say the Tax Cuts and Jobs Act (TCJA) will bring $3.2 trillion in tax cuts. Now that the bill has passed, everyone wants to know how much they’ll save.

Unfortunately, the tax bill won’t … Read More »


Landmark Tax Reform Bill Passes

The new tax reform law — commonly referred to as the “Tax Cuts and Jobs Act” (TCJA) — is the most significant tax legislation in decades. Now businesses and individuals are trying to digest the details and evaluate how the … Read More »


Reporting of Payments to Foreign Entities

Taxpayers have an obligation to file information reporting forms to report certain payments to nonresident individuals, foreign corporations, foreign partnerships, and certain foreign fiduciaries, estates, and trusts. In general, every U.S. person that makes a payment from U.S. sources must … Read More »


Casualty and Theft Losses: Find the Silver Lining in Dark Clouds

Although nowhere in the United States is safe from Mother Nature, there is a silver tax lining: If your personal-use property is struck by a natural disaster, damaged by another calamity or stolen, you may be able to obtain some … Read More »

November 28th

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Do You Have a Deductible Business Loss or a Nondeductible Hobby Loss?

There’s a fine line between businesses and hobbies under the federal tax code. If you engage in an unincorporated sideline — such as a marketing director by day and an artist on the nights and weekends — you may think … Read More »

November 21st

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Real Estate Investors: Let’s Talk about Like-Kind Exchanges

Are you thinking about divesting a real estate investment and then replacing it with another property? If you sell appreciated property outright, you’ll incur a taxable gain, which lowers the amount available to spend on the replacement property. But you … Read More »

November 17th

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Help from the IRS for Hurricane Irma Victims

Hurricane Irma has left many victims in parts of Florida, the U.S. Virgin Islands and other areas unable to fulfill their tax responsibilities and perform some key tax-related responsibilities. In response, the IRS is offering Hurricane Irma victims extra time … Read More »

November 10th

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HOBERMAN & LESSER, LLP