Current News
Welcome Back Kim Zarett!
Cover & Rossiter is pleased to welcome Kim Zarett back to the firm as a Principal in the Tax Department.
Read MoreWhat you need to know about the Equifax Data Breach
Background: What is Equifax? Equifax is one of three major U.S. credit reporting bureaus. The other two are TransUnion and Experian. There is also a smaller, less well-known credit-reporting agency…
Read MoreTax Relief for Victims of Hurricane Harvey
The IRS offers tax relief to affected taxpayers (individuals and businesses) in any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance and is part…
Read MorePreserve Charitable Deduction for Health of Delaware Nonprofit Sector
By: Pete Kennedy Let’s all first acknowledge that there are no easy ways to solve a $400+ million budget hole. I think no one envies the General Assembly and their task…
Read MoreWord Count
A shortened version of this article, written by Peter Kennedy, Director, can be found in May 30th edition of The Delaware Business Times I get 500 words to write these…
Read MoreRenting Out a Vacation Home
Tax rules on rental income from second homes can be complicated, particularly if you rent the home out for several months of the year, but also use the home yourself.…
Read MoreWhat to Do If You Haven't Filed a Tax Return
Tuesday, April 18, 2017, was the tax deadline for most taxpayers to file their tax returns. If you haven’t filed a 2016 tax return yet, don’t delay. There’s still time–and…
Read MoreTax Rules for Children with Investment Income
Children who receive investment income are subject to special tax rules that affect how parents must report a child’s investment income. Some parents can include their child’s investment income on…
Read MoreTop Ten Facts about Adoption Tax Benefits
If you adopt a child in 2017, you may qualify for a tax credit. If your employer helped pay for the costs of an adoption, you may be able to…
Read MoreEmployee Relocation: What Happens to Your Home?
Business owners, as well as employees, often have questions about what to do with an employee’s home–and what the tax consequences might be–when he or she is moved to a…
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