NR Tax and Consulting LLC

09/04/2026

Supporting children, helping aging parents, and protecting your own retirement can turn you into the family CFO. Here’s how to manage the financial overlap.

You are still balancing your own mortgage, retirement savings, taxes, insurance, and everyday expenses. But suddenly, your children may need help with college, rent, or a down payment on a home. Meanwhile, your aging parents are asking questions about Medicare, estate documents, investments, or long...

09/03/2026

Business expenses can reduce taxable income, but many learn too late that a deduction is only as good as the records behind it.

Self-employed taxpayers often know that business expenses can reduce taxable income, but many learn too late that a deduction is only as good as the records behind it. A recent Tax Court decision involving a real estate agent is a sharp reminder that having a business purpose is not enough. If you c...

08/31/2026

Succession planning helps ensure a smooth transition, protects business continuity, and reduces disruption when key people leave or pass away.

08/28/2026

New York City has begun notifying property owners who may be subject to its new pied-à-terre tax. Learn who may be affected and more.

The city's Department of Finance has begun mailing notification letters to property owners who may be subject to the new tax on certain high-value, non-primary residences. While receiving a letter does not necessarily mean a property owner owes the tax, it does signal that the city believes the prop...

08/27/2026

Here are the September 2026 Business Due Dates

September brings several important tax deadlines for businesses, including extended returns for S corporations and partnerships, corporate estimated tax payments, and employer payroll tax deposits. Review the key due dates below to help keep your business filings and payments on track.

08/25/2026

Donating long term appreciated stock (publicly traded shares held more than one year) to a qualified charity is a high impact way for donors to support causes while obtaining favorable tax treatment.

Donating long‑term appreciated stock (publicly traded shares held more than one year) to a qualified charity is a high‑impact way for donors to support causes while obtaining favorable tax treatment. Compared with selling the stock and donating the cash, an in‑kind stock gift typically gives t...

08/24/2026

An HSA can help you save for healthcare expenses while offering valuable tax benefits. Learn who qualifies and how these accounts work.

08/21/2026

The holiday season starts earlier than many business owners realize. Discover seven proactive financial moves to strengthen cash flow, manage inventory, and optimize taxes before Q4.

Retailers are placing inventory orders. Restaurants are planning for seasonal demand. Contractors are scheduling projects before winter. Professional service firms are setting revenue goals they hope to achieve before year-end.

08/17/2026

Passing a tax law is only the beginning. See how upcoming Treasury and IRS guidance could shape tax planning and implementation of the OBBBA.

When Congress passes a major tax bill, most people assume the hard part is over. In reality, that's often when the next phase begins.

08/17/2026

Cryptocurrency transactions can have tax consequences. Learn what to know about digital assets and when professional tax guidance may help.