Victor Dozzi – Crawford Ellenbogen

May 21, 2026

ACA penalties may still apply — and they’re increasing for 2026

By Victor Dozzi
Business, Health Insurance
0 Comments

Many small businesses don’t have enough employees to worry about the play-or-pay provisions of the Affordable Care Act (ACA). However, as your business grows, these rules can apply sooner than expected. This issue also may not be on your radar because there’s a common misconception that the repeal of ACA penalties under the Tax Cuts

May 19, 2026

More than just 0s and 1s: Accounting for digital assets in your estate plan

By Victor Dozzi
Estate, Financial Planning
0 Comments

In today’s digital world, estate planning goes beyond physical property and financial accounts — it must also address your digital assets. From online banking and investment accounts to social media profiles, cloud storage and even cryptocurrency, these assets can hold both financial and sentimental value. Without proper planning, your loved ones may face significant legal

Apr 30, 2026

Debt vs. equity: Classification counts when shareholders put money into their corporations

By Victor Dozzi
Business
0 Comments

How you capitalize your C corporation isn’t just an accounting matter — it’s a tax-saving opportunity. You can set up funds supplied by shareholders as either capital contributions (equity) or loans (debt). Future withdrawals by equity investors may result in double taxation. Conversely, repayments of shareholder loans are generally tax-free, while interest payments are taxable to the

Mar 26, 2026

Accounting for intellectual property in your estate plan

By Victor Dozzi
Estate, Financial Planning
0 Comments

When most people think about estate planning, they focus primarily on tangible assets, such as real estate, investments and personal property. However, in some cases, intellectual property (IP) can make up a substantial portion of an individual’s wealth. Proper planning can help ensure that these assets are preserved, accurately valued and transferred according to your

Mar 24, 2026

April 15 is the deadline for more than just your income tax return

By Victor Dozzi
Taxes
0 Comments

You know your 2025 federal income tax return is due April 15, 2026. But do you know what else has an April 15 deadline? If you don’t, you could miss out on valuable tax-saving opportunities or become subject to interest and even penalties. Making 2025 contributions to an IRA It may be 2026, but you can still

Mar 18, 2026

Options for forfeited employee FSA balances

By Victor Dozzi
Business, Taxes
0 Comments

Many businesses offer health care and dependent care flexible spending accounts (FSAs) as part of their employee benefits package. These plans provide valuable tax savings to employees and payroll tax savings to employers. If your company operates a calendar-year FSA with a 2½-month grace period, employees have until March 15 to incur eligible expenses for their

Mar 4, 2026

What’s your potential business vehicle deduction?

By Victor Dozzi
Business, Deductions
0 Comments

If you used one or more vehicles in your business during 2025, you may be eligible for valuable tax deductions on your 2025 income tax return. Businesses can generally deduct expenses attributable to business use of a vehicle plus depreciation. However, the rules are complicated, and your deduction may be affected by factors such as

Feb 26, 2026

Deferring taxes on advance payments

By Victor Dozzi
Business, Taxes
0 Comments

An advance payment is one received by a business before it provides whatever is being paid for. For federal income tax purposes, generally advance payments must be reported as taxable income in the year received. This treatment always applies if your business uses the cash method of accounting for tax purposes. But, if your business

Feb 19, 2026

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns

By Victor Dozzi
Deductions, Taxes
0 Comments

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on their 2025 returns. Specifically, if you paid more than $10,000 in state

Feb 11, 2026

Before claiming a charitable deduction for 2025, make sure you can substantiate it

By Victor Dozzi
Deductions
0 Comments

If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your gifts must be substantiated in accordance with IRS requirements. Exactly what’s required depends on various factors. In some cases, you must have a written acknowledgment from the charity. Substantiating cash