Ready to Prepare your Tax Return

Happy New Year

Our Office is now open 7 days a week for longer hours to provide unparalleled excellent service to individuals and business clients for tax related services.

For New Clients, the initial consultation is free of charge and we offer free tax review of previous year’s tax return(s).

For early birds, get advantage of special promotional offers. To get more detail, call 908-300-8255

 

Prepaid Real Property Taxes May Be Deductible in 2017

The Internal Revenue Service advised tax professionals and taxpayers today that pre-paying 2018 state and local real property taxes in 2017 may be tax deductible under certain circumstances. 

The IRS has received a number of questions from the tax community concerning the deductibility of prepaid real property taxes. In general, whether a taxpayer is allowed a deduction for the prepayment of state or local real property taxes in 2017 depends on whether the taxpayer makes the payment in 2017 and the real property taxes are assessed prior to 2018.  A prepayment of anticipated real property taxes… Continue reading

Tax Planning for 2017 Tax

It is an appropriate time to get all your facts together and contemplate on potential the tax liability issue for the current year. It would be too late to consider talking to an accountant after the year-end. Make an appoint with your local tax planning professional while you have an opportunity to change thing to reduce the tax liability of this year. Our offices offer free initial consultation free of cost in all 50 states. Click on “Contact US”

IRS Announcement

The Internal Revenue Service said today that it successfully started accepting and processing 2016 federal individual income tax returns on schedule. More than 153 million returns are expected to be filed this year.

People have until Tuesday, April 18, 2017 to file their 2016 returns and pay any taxes due. The deadline is later this year due to several factors. The usual April 15 deadline falls on Saturday this year, which would normally give taxpayers until at least the following Monday. However, Emancipation Day, a D.C. holiday, is observed on Monday, April 17, giving taxpayers nationwide an additional day to… Continue reading

2016 Tax Filing Update

Dear Valued Client,

This is the time to gather all income tax related information for your 2016 tax return. IRS has started accepting business and personal tax return as of January 23, 2017

Enclosed word document will be very helpful for you to gather all information for filing tax return, especially for new customers, and will provide guidance/reference for the existing clients

New change for this year tax filings;

  1. FBAR: Foreign accounting filing deadline is moved up from June 30 to April 15 this year
  2. New York State tax filers will have to provide State Issue identification for… Continue reading