News and Updates

Denise A. Harlan, CPA, Named to Salem Regional Medical Center Board of Directors

Denise A. Harlan, CPA, and Principal at Schroedel, Scullin & Bestic, LLC in Canfield has been...

Inadequate Records Lead to Unfavorable Results for Taxpayers

Federal tax law allows deductions for many items, such as legitimate business expenses and...

Real Estate Investors: Let’s Talk about Like-Kind Exchanges

Are you thinking about divesting a real estate investment and then replacing it with another...

Casualty and Theft Losses: Find the Silver Lining in Dark Clouds

We’re in the midst of hurricane season now, but the eastern and southern shores aren’t the...

Do You Have a Deductible Business Loss or a Nondeductible Hobby Loss?

There’s a fine line between businesses and hobbies under the federal tax code. If you engage...

Unlock the Biggest Possible Deduction for a Home Office

The IRS recently issued a reminder about claiming the home office deduction. In particular,...

Consider Taxes before Converting Your Home to a Rental Property

Have you ever thought about becoming a landlord? This option may be tempting if your local...

Wedding Bells and Taxes: Tax Issues to Consider Before Tying the Knot

Summer — the traditional wedding season — is just around the corner. Marriage changes life in...

Capital vs. Ordinary: Classifying Income and Losses Affects Your Taxes

Most of the time, how to classify gains and losses from selling an asset is fairly...