5.23.2024 | Issue 155

Santora CPA Group's Weekly Newsletter!


You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

Office Closure

Our office will be closed Friday, May 24th, and Monday, May 27th, in observance of the Memorial Day holiday.

We will reopen on Tuesday, May 28th!

Your Weekly Catch-Up

Taxes When You Sell an Appreciated Vacation Home

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income tax issues you face when selling an appreciated vacation home.


Watch Out for “Income in Respect of a Decedent” Issues When Receiving an Inheritance

Don’t Have a Tax-Favored Retirement Plan? Set One Up Now


Firm News

Phillie Phans!

On Friday, May 3rd, Samantha Finfer and Nick Doldan attended the Phillies vs. the San Francisco Giants game at Citizens Bank Park. Samantha’s boyfriend, Griffin, and Nick’s girlfriend, Destiny, joined in the fun!

They said it was exciting to see the Phillies win by the score of 4-3, with great hitting and fabulous pitching by the Phillies. They did, unfortunately, see the Phillies short stop, Trea Turner, get injured as he slid into home! Other than that, it was a great time!

Congratulations to Kim Hazzard and Mark Kennedy for scoring the Diamond Club tickets to the May 7th Phillies game! Mark brought his wife, Kelly, and Kim brought along her co-worker and friend, Danielle Scharp. They had the best seats in the house to watch Bryce Harper's grand slam and the Phillies 10-1 win over the Toronto Blue Jays.

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