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When Can I Deduct My Home Equity Interest?

Last year’s Tax Cuts and Jobs Act removed the itemized deduction for home equity interest for 2018 onward.  At first blush this would appear a straightforward prohibition of the deduction for interest on any loan not used for the original purchase of a home.  As with...

Sales Tax & Internet Sales: Here be Dragons

In days before the world was fully explored, map makers often placed the words “here be dragons” in uncharted waters as a warning to sailors.  On June 21, 2018, the Supreme Court handed down its ruling on South Dakota v Wayfair, requiring “out-of-state sellers to...

2017 Tax Cuts and Jobs Act Bill

On Friday December 15th Congress blessed the American taxpayers with a tax bill reconciled from two similar, yet distinctly different, bills passed separately in the House and Senate.  The reconciled draft legislation was passed by the Senate on Tuesday, December...

Paresky Flitt & Company, LLP to Open Shrewsbury Office

Wayland, MA --- Paresky Flitt & Company, LLP of Wayland, MA, a prominent business tax and accounting practice, today announced plans to expand its business with the opening of a second office in Shrewsbury, Massachusetts.  Located at 352 Boston Turnpike in...

Due to coronavirus health and safety concerns, we have suspended all in person meetings.

We are asking that you use our secure portal, conventional mail or the dropbox in front of our office for the exchange of documents.

The tax deadline for filing and payments has been extended to July 15, 2020.

The IRS put out this Q&A regarding the change in due date from April 15th to July 15th. This is a really helpful read that addresses many of the questions we’ve received. Click here to read >