Protect your finances with our expertise

Let our team protect your investment. You worked hard for your money. You don't need to give too much to the government. Don't find out after you retire that you didn't put enough aside.

Let us help you with all of your personal accounting needs.

Have a certified public accountant by your side

Make the right financial decisions for your future. To do that, rely on our experienced, dedicated team. When you have our team on your side, you can have peace of mind knowing your financial future is secured.

You'll always get competitive rates from us. We also provide quality customer service.

Let's discuss all of your personal accounting needs:

• Individual tax preparation
• Divorce and separation assistance
• Estate planning
• Personal financial planning
• College financial aid services
• Asset protection
• Real estate investing
• Retirement planning
• Individual and joint tax returns
• Tax planning
• Matrimonial accounting

The office of Hy Appelbaum, your personal accountant will assist you with all aspects of taxation.



• Who must file a return
• Underpayment penalties
• Filing statutes
• Personal exemption

• Dependency exemptions
• Adjustments to income
• Self-employment taxes
• "Kiddie "taxes
• Passive activity loss rules
• Acquisition and disposition of property
• Business deductions
• Travel and entertainment expenses
• Unreimbursed employee business expense
• Installment sales
• Imputed interest and OID
• Community property issues
• Non-taxable exchanges
• Exclusion issues
• Taxability of social security benefits
• Damages, educational assistance and tax recoveries
• Investment expenses and investment
• Interest expense limitations
• Alternative minimum tax
• At-risk provisions
• Vacation homes
• Home office deductions
• Deferred compensation benefits
• Payroll and withholding tax issues
• Self-employment retirement plans
• Bad debts and worthless securities
• Business carry backs and carryover
  

There are a number of income tax issues, which arise as a result of divorce or separation. We can advise you with a solution both parties the divorce or separation can agree to. The issues that need to be covered include.

• Filling status
• Exemption allowances
• Child support
• Child and dependent care credit
• Collection activities of the IRS
• Innocent spouse provisions
• Alimony
• Alimony recapture
• Property settlements
• The personal residence
• Retirement plans/benefits
• The alimony trust

There are various considerations involved in both lifetime and postmortem asset transfers, including tax saving strategies associated with the decedent's final return, the fiduciary income tax return and the decedent's estate tax return.

• The decedent's final return
• Estate taxes
• Gift taxes
• The decedent's will
• The probate process
• Will substitutes
• Living trusts
• The marital deduction trust
• The unified credit
• The bypass trust
• Lifetime gifting
• Interfamily planning
• Life insurance trusts
• Postmortem planning

There are various considerations involved in both lifetime and postmortem asset transfers, including tax saving strategies associated with the decedent's final return, the fiduciary income tax return and the decedent's estate tax return.

• The decedent's final return
• Estate taxes
• Gift taxes
• The decedent's will
• The probate process
• Will substitutes
• Living trusts
• The marital deduction trust
• The unified credit
• The bypass trust
• Lifetime gifting
• Interfamily planning
• Life insurance trusts
• Postmortem planning

College savings plans go by many names but they have same thing in common: a revolutionary way families and children are investing for the future. How do these programs work? What are the tax rules, planning strategies and the impact on financial aid? What is the best for you? Education IRAs, savings bonds, mutual funds? We give you the proper advice in investing for future college costs and how to receive the greatest possible financial aid.

Learn how to utilize charitable giving to save income and lower estate taxes.

Protect your assets by using state and federal exemptions, family limited partnerships, corporations, limited liability companies, domestic and offshore trusts and other techniques.

Retirement

Effective retirement planning has never been more important, particular for those who wish to attain a comfortable retirement for themselves. We will explore tax savings strategies with you to maximize your savings. Retirement income needs are calculated; net after tax social security benefits are determined and distribution of options for IRAs is explored. Special consideration to the home business should be given.