Blog
The Problem With An Unfiled Tax Return For New York & New Jersey Taxpayers
The unfortunate reality is that if you don't file a tax return -- even if you don't owe any taxes that year -- there can be problems. And, that is obviously the case if you do happen to owe taxes. Not only can the federal government stir up trouble for you, but each...
Helping New York & New Jersey Residents Understand the Purpose of Life Insurance
As the old joke goes, the only two guarantees in life are death and taxes. In these updates, I obviously spend a lot of time talking about taxes. But the other part of that axiom is a subject that most people don’t want to talk about, let alone actively plan for. But...
How the IRS Adds Insult to Injury for New York & New Jersey Taxpayers & How to Get Penalty Relief
Every year, the IRS charges tax debtors a boat load of penalties. Just how much? If you’re in New York & New Jersey and you owe taxes, you should definitely take a look... To put this in perspective, the IRS budget for 2021 is about $12 billion. That means the...
The Why and How Behind Procrastination – Something for New York & New Jersey Friends to Consider
Stress. Anxiety. Unease. Worry. And a pinch of aggravation just to round it all out. No, I'm not talking about the next federal tax deadline. Or am I? For millions of Americans every year, the tax filing deadline points to a much bigger issue. An issue so pervasive...
The Tax Trap New York & New Jersey Side Hustlers Need to Know About
These days, it seems like everybody and their uncle has a “side hustle.” From delivering for Uber Eats and Instacart to selling crafts on Etsy to teaching English online to renting out your front yard for dog parties on Sniffspot (yes, this is a real thing), there...
Understanding Your FICO Score by Lillian Turner-Bowman
We're already a week into June, and our timing still feels askew because of the extended deadline ... but we're here, and we're still in your corner for all things tax and financial.In fact, I want to do a fairly deep dive on a very pertinent (to many) topic ... but...
4 Things New York/New Jersey Metro Crypto Traders Need to Know About Cryptocurrency Taxation
Memorial Day weekend can sometimes feel a little ... jarring.Burgers, pools, picnics -- set against the solemn backdrop of remembrance for the sacrifice of so many thousands who have laid down their lives so we can have our freedoms.However, if you get the chance to...
Five Key Tax Filing Penalties New York/New Jersey Metro Taxpayers Must Know
We're slowly unburying after the May 17th federal tax deadline (though for those in Texas, Oklahoma and Louisiana -- we're still going!).This tax season has been ... long.And I promise that I’ll soon take up non tax-related content. Goodness knows, I need a palate...
5 Next Steps for Tax Return Review
5 Next Steps for Tax Return ReviewSoooooo, what now? I'm glad you (ahem) asked.Just because tax season is over, doesn’t mean we’re not still here for you.In fact, with the IRS experiencing a litany of problems right now, we’ll gently recommend a little tax return...
