Edward Mendlowitz

Edward Mendlowitz, CPA, ABV, PFS, is a partner at WithumSmith+Brown, PC, an audit, tax and advisory firm, and has over 40 years of public accounting experience. He is a licensed certified public accountant in the states of New Jersey and New York and is accredited by the American Institute of Certified Public Accountants (AICPA) in business valuation (ABV) and as a personal financial specialist (PFS). Ed is also admitted to practice and has tried cases before the United States Tax Court, has testified before the House Ways and Means Committee on tax reform, reduction and fairness, and was an MBA instructor for 11 years. The author of 25 books, Ed has also written hundreds of articles for business and professional journals and newsletters, including AccountingToday.com, is a frequent speaker to many professional and business groups and is on Panel of Experts of the Bottom Line Personal newsletter.

The Pay-Less-Tax Man

Simplifying Your Tax Prep Process

Here are some ways to simplify the process of preparing tax returns in the future and perhaps reduce clutter.

Taxes

Taxpayer Victories—and Even Defeats—Can Save You Money

Valuable money-saving lessons from taxpayers who challenged the IRS.

The Pay-Less-Tax Man

Changing Your State of Residency for Tax Purposes Can Be Tricky

In many states, an individual can qualify as a resident for tax purposes under two sets of circumstances. It’s vital to follow the rules closely.

The Pay-Less-Tax Man

Choose Wise Asset “Location,” Not Just Asset Allocation

Here are some ways to save taxes by shifting around some of your investments among taxable and tax-advantaged accounts.

The Pay-Less-Tax Man

Dealing With Tax Return Filing Extensions, Delinquent Returns and Amended Returns

Here are issues to be aware of when filing a tax return past the due date or amending a return.

The Pay-Less-Tax Man

Avoid These Red Flags That Can Cause Audits

There are various ways to deal with red flags to avoid an IRA audit. Here are 15 key ways.

The Pay-Less-Tax Man

How to Keep Your Tax-Prep Fees Low—From a Tax Preparer

What you do during tax season and all year—and even what kinds of investments you choose—can optimize your time and reduce your tax-prep costs.

The Pay-Less-Tax Man

Here Are the 2019 Contribution Limits and Other Tax Numbers You Need to Know This Year

Here are the 2019 numbers for retirement account contributions, Social Security tax, gift tax, mileage deductions, capital gains tax and other key IRS rules.

The Pay-Less-Tax Man

Here Are the Tax and Other Financial Records You Should Keep Forever—and Those You Should Toss

Here’s how long you need to keep different kinds of financial records ranging from tax documents to investment records, insurance policies and others.

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End-of-Year Moves to Cut Your 2018 Taxes

To minimize your 2018 tax liability, check out these end-of-year tax-saving moves right now, before 2018 ends.

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If You Invest in Real Estate, Check this Checklist To Save on Taxes

There are many potential tax benefits to owning real estate as an investment—but to get them, you need run through this important tax-saving checklist.

The Pay-Less-Tax Man

If You Owe Back Taxes, Here’s What to Do

Uncle Sam is mighty, but you have more control over your fate than you might think—if you know what steps to take.

The Pay-Less-Tax Man

How to Give to Charity from Your IRA (And Avoid Taxes)

You might be able to make non-taxable gifts to charity directly from your IRA—and get additional tax benefits at the same time. Here’s how.

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Tax Breaks for Gains and Losses on Small Business Corporations

There are many potential tax breaks for gains and losses on small business corporation stock, but also many rules that must be followed.

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How Trusts are Taxed

Trust taxation rules are complicated, but this rundown of the most popular trust types and their tax status will give you a good basic understanding.

The Pay-Less-Tax Man

Estate Income Tax Planning for People with No Taxable Estates

Even if your estate won’t be big enough to owe estate tax, to save money, there are tax rules—and tax-planning moves—you should know about.

Taxes

These Taxpayers Fought the IRS and Came Out on Top

Ordinary taxpayers can beat the IRS—and so can you. Here are important lessons from recent court disputes in which taxpayers prevailed.

The Pay-Less-Tax Man

Post-Tax-Season Planning Tips for 2018

Now that tax season is done, here’s how to switch into tax-planning mode and make your 2018 taxes as low as possible.

Financial Planning

First-Marriage Financial Considerations

Ed Mendlowitz warns that no couple should get married without first meeting with a financial planner.

Financial Planning

How to Avoid the Financial Traps of Second Marriages

If you don’t plan carefully, your personal wealth could be lost to someone else’s children after you die or if…