Barry Dolowich

Question: I was mortified and greatly embarrassed last month when I bounced five checks. I inadvertently deposited a large check to the wrong bank account leaving me short in my checking account.

As many of us adults have discovered, acquiring credit debt is far easier than paying it off. It is so much fun to buy and charge, buy and charge, buy and charge, and so on. However, it is so painful when the credit card bill comes in the mail. Having the willpower and the ability not to spend above our means generally is an emotional function and not an intellectual one. In other words, even the . . .

Question: My wife just received a huge salary increase when she switched jobs. We are concerned that this increase will put us in a much higher tax bracket.

Unfortunately, all unemployment insurance benefits you receive from a state agency or the federal government are treated as taxable income.

It would be a gross understatement to describe a marriage separation as an emotional trauma. It is often far more traumatic for a non-working spouse who has been dependent upon his or her partner f…

If you borrow money (credit card debt is borrowed money) from a commercial lender and the lender later cancels or forgives the debt, you may have to include the canceled amount as income for tax pu…

There is a limited exception to the passive activity loss rules for rental real estate in which the taxpayer actively participates.

Question: I just began a job as a bartender for a busy hotel bar and my manager told me that if I do not report my tips, he will be forced to allocate

Question: I have a bet going with my wife. She says that non-cash game show and church raffle winnings are taxable, and I say, “no way.” Who is right?

Effective April 1, 2021, Proposition 19 allows homeowners who are age 55 or older, or severely and permanently disabled of any age, to transfer the “taxable value” of their principal residence to a…