Say Your aging parents live in a home that has appreciated in value, but they’re no longer reaping any of the home ownership tax breaks during their retirement years. Sound familiar? Good news: With one stroke of the pen, both you and your parents can win: They’d gain instant access to their home equity (without… Read More


Taxpayers having a financial interest or signature authority over any foreign financial account such as a bank account, a securities account, or other types of financial accounts in a foreign country outside the U.S boarders must report these accounts to the Department of the Treasury if their aggregate balance exceeds $10,000 at any time during… Read More


Years after my kids are grown, I discovered that Section 529 plans are something I am now thinking about as my grandchild Odessa¬†was born last month and there are only so many clothes and toys you can buy her, so I thought college….. The amount you transfer to a Section 529 plan on behalf of… Read More


We are proud and excited to announce the launch of our new website at: https://www.bourkeaccounting.com Our new website can help you in many ways and make your tax time so much easier. How? Subscribe to our quarterly newsletters: Our website hosts our current tax-related newsletter and also an archive of past newsletters so that you… Read More