Every year, after all of the tax deadlines have come and gone, the Cover & Rossiter team likes to get out of the office, loosen up and unwind with a…

You should always keep a copy of your tax return for your records. You may need copies of your filed tax returns for many reasons. For example, they can help…

Eric Williams, CPA, ACI, the Principal in Charge of the Captive Audit Group in Cover & Rossiter’s Audit department was recently named a Top 10 Public Accounting Professional Rising Star in Delaware by the…

Income tax may be the last thing on your mind after a divorce or separation, but these events can have an impact on your taxes. Alimony and a name change…

Lending money to a cash-strapped friend or family member is a noble and generous offer that just might make a difference. But before you hand over the cash, you need…

Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. Examples include a…