by Eric Beepat | Jul 5, 2024 | Uncategorized
Understanding the Requirements The Beneficial Ownership Information (BOI) reporting requirements are a new regulation for many businesses in the United States. Established by the Corporate Transparency Act passed on January 1, 2021, this law aims to increase...
by Eric Beepat | Jun 13, 2021 | Tax Deductions
Maximizing Write-Offs: A List You Have to Have! Once small business owners find out that I am a CPA, the question I always get is: “So what’s a write-off?” Well, unfortunately, there isn’t a magical list in the Internal Revenue Code, or even created by the IRS....
by Eric Beepat | Dec 3, 2020 | Tax Preparation
Every situation is different, but here is a list of some items that required: Proof of your identity, identities of your family members, Social Security documents Income statements such as W-2s and 1099s Tax forms that report other types of income, such as Schedule...
by Eric Beepat | May 23, 2020 | Tax Deductions
What Closing Costs are Tax Deductible? Since I am also a Realtor, a question that I get from new home buyers is what closing costs are tax deductible. I did a blog post recently on my real estate blog HERE, answering what are closing costs in NJ. So, decided to write...
by Eric Beepat | Apr 15, 2020 | Economic Impact Payments
IRS: Get My Payment Portal The IRS “Get My Payment” Portal is now active. It allows taxpayers to give the agency direct deposit information for their bank accounts if they didn’t include it on their 2018 or 2019 returns. Treasury and IRS officials are hoping to get...
