Recent Blog Posts

Tom speaks at May 2, 2015 PENCON

Tom Umstattd, CPA speaks to Authors and Editors with his son, Author and President of Castle Media Group, LLC Thomas Umstattd. They share the stage as they speak on a variety of subjects, such as how to open a bank account in the name of your business, what kind of deductions …

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The Child Dependency Trap

By Cynthia Umstattd, June 25th, 2015 If your child claims himself on his tax return when he is still your dependent, you could be in for 9 months of tax return trouble and high CPA bills. It’s a trap!    The Problem Many young adults who are filing their own …

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Medical Expenses of CCRC Residents

Jun 19, 1998 GOLD AT THE END OF THE RAINBOW: MEDICAL EXPENSES AND BELOW-MARKET-RATE LOANS IN CONTINUING CARE RETIREMENT COMMUNITIES By Robert Atkins Walker, Ph.D., CPA and Chad E. Turner, CPA Published in 18 Virginia Tax Review 1 (Summer 1998: The University of Virginia School of Law) under the title …

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Employee vs. Independent Contractor Classification

Apr 3, 1995 SO YOUR EMPLOYER MADE YOU AN INDEPENDENT CONTRACTOR AND DIDN’T PAY ANY FICA TAX: HOW TO HAVE YOUR CAKE AND EAT IT TOO by Robert Atkins Walker and Clifton L. Kling I. Introduction A. Purpose Continuing controversy surrounds the employee versus independent contractor classification issue.1 To date, …

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