Robert M Calcasola CPA

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

What Can a CPA Do that a Regular Accountant Can’t?

What can a CPA do that a regular accountant can’t? That’s what we’d like to address today.

Missed deadline to file Income Tax Return? Here's what you need to do

What should you do if you have missed the deadline to file your Income Tax Return? Read on to find out.

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

Free tax preparation available for Marylanders who qualify

Tax season is underway and those who need assistance with tax preparation can get help for free.

Put Your Tax Refund to Work and Enhance Your Home’s Curb Appeal

It’s that time of year again…tax season. The dreaded April 15 deadline also means its spring, and time to start thinking about how your home looks from the outside. If filing taxes means a return f…

Divorce and Taxes Who Claims the Kids on Your Tax Return

Going through a divorce can be challenging, especially if children are involved. Make sure you understand the various tax laws regarding your particular situation. Be aware of the ramifications and tax credits available to you.

You Can Deduct Pet-Related Expenses On Your Tax Return (Sometimes)

The recently signed Tax Cuts and Jobs Act brought many changes to the tax laws. Unfortunately, your pets still cannot be claimed as dependents on your taxes. However, there are a few circumstances where the IRS will allow specific tax deductions for dogs and other pets, and their related expenses.

I give $30K to charities each year. What happens with my tax return?

Depending on your situation, you may find some tax savings.

6 Things You Must Know About Tax Preparers

Make sure you find someone who is qualified and competent.

Don't Toss Those Tax Records Yet!

Even though the 2017 tax due date has come and gone, and even though you have filed your 2017 tax return, you may still need to keep your 2017 tax records. Generally, tax records are retained for two reasons: (1) in case the IRS or a state agency decides to question the information on your tax returns or (2) to keep track of the tax basis of your capital assets so that you can minimize your tax liability when you dispose of those…

Can I Write Off My Kid's Summer Camp on My Tax Return?

If your child is younger than 13, you may qualify for the child-care credit.

Thinking of Dumping Old Tax Records?

Tired of having all those old tax records taking up drawer or closet space and collecting dust. Want to dump as much as you can? People often ask how long records must be kept and the amount of time IRS has to audit a return after it is filed.

On Your Side: Hire a good tax professional

Free Tax Filing: What Are Your Options?

Free tax filing options are available in spades. Find out what programs you can turn to, and how you can qualify for this kind of help.

When to Toss Tax Records

You can throw away most supporting tax records after three years. But keep your returns indefinitely.