Category: Tax Planning

The Taxation of Collectibles: What Collectors Need to Know

A 1979 Wayne Gretzky rookie card sold for $1.79 million in December, while a Mickey Mantle rookie card brought in $5.2 million. Online collectible sales exploded. U.S.…

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Employment Tax Credit for COVID-impacted Businesses Expanded for 2020 and into 2021

The Employee Retention Credit originally established under the CARES Act in March 2020 allows businesses who have been financially impacted by COVID to claim a credit on…

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Washington CPA Chris Falco Educates Taxpayers About Tax Cuts and Jobs Act

CPA Chris Falco of the Washington accounting firm Falco Sult, lists the top three tips about changes to itemized deductions following the new Tax Cuts and Jobs…

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Our Client Portal Makes Sending Tax Information Easy!

The final tax deadlines of the year are approaching. If you still need to send tax information to us, we encourage you to use our secure, online…

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Tax Cuts and Jobs Act: A Brief Highlight of Changes to Itemized Deductions

By: Jacquelyn Martin, Falco Sult Staff Accountant Following the passing of the new Tax Cuts and Jobs Act (TCJA), there are several items that will affect the…

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