Ronald Cohen, CPA

Ronald Cohen, CPA The financial, tax and consulting firm you can count on. Let us show you how to recapture all of the interest that you pay to outside financial institutions.

The professional bookkeeping, accounting and consulting firm you can count on, providing tax and accounting services for over 20 years to Citrus county individuals and businesses.

04/19/2018

My final tax season parody song at the N Suncoast Ficpa Tax season post mortem

12/28/2017

Big changes in the new tax law for 2018. The following are the deductions that are disappearing :

Dependency deduction for taxpayer spouse children and others. Senior citizen extra deduction was not repealed.

State taxes capped at $10,000 for real estate, income or sales tax.

Mortgage loan limits drops from 1.1 million to $750,000 for residential mortgage interest deduction.

Employee business expenses and miscellaneous itemized deductions have been eliminated. Including tax preparation fees!!!

Casualty loss deductions limited to presidential disaster areas only. Personal losses to fire or burglary not deductible

Educator supplies deductions

These changes are for individual and joint filers only.

Posting the positive changes later!

12/28/2017

IRS has announced that only real estate tax that has been assessed for 2018 may be deducted if paid by 2017. For my NJ clients, the first two quarters of 2018 have been assessed and you may pay and deduct these in 2017 if you wish. Estimated tax bills are not deductible in 2017.

Have a safe and happy new year.

01/10/2013

IRS has announced that tax returns that include form 4562 (Depreciation) and form 3800 (Tax Credits) might have to wait until the end of February or early March to file. Since business returns are due 3/15, do not delay in visiting your CPA, as we will be really busy in March. Thanks, Congress, for passing a retroactive tax bill in such a timely manner!

01/19/2011

Corporate tax returns are due by 3/15/11, and the IRS has not yet approved all of the tax forms for us to file as of today. Do not be surprised if there are a lot of extensions this year. It's a tax season gift for us all.

12/07/2010

Recent changes in professional standards as promulgated by the AICPA now require all CPA firms that prepare compiled financial statements to obtain a written understanding with the client. We have mailed engagement letters to comply with this requirement recently. If anyone has questions about this requirement, the AICPA website has information, or call/email us. - Ron Cohen, CPA

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Crystal River, FL

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