Author | Carole C. Foos, C.P.A.

Articles

One common tax mistake can cost you thousands of dollars

August 01, 2012

Are you the owner of a medical practice taxed as a flow-through entity, such as an S corporation? Most physicians are. We would estimate that 70 percent of medical practices operate as S corporations. As such, you may be paid both as an employee of the practice, receiving a W-2, and as an owner of the practice, through a K-1 distribution.

2010 tax increases: Protect your wealth now; avoid greater liability next year

October 01, 2009

All signs lead to future tax increases. We have historic deficit levels, an aggressive legislative agenda and a president whose campaign promises included raising taxes on households with annual incomes above $250,000.

Bail yourself out: Recover investment losses with tax benefits

November 26, 2008

The current financial crisis has left many Americans with less wealth than they had just a year ago. Home and stock market investments are likely worth a lot less ? and it may be years until the values of these assets return to previous levels. Investment advisers Carole C. Foos, C.P.A., and David B. Mandell, J.D., M.B.A., offer a strategy with two simple steps to help you start now to make up for your losses.