J&J Tax Resolutions Group

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J&J Tax Resolutions Group

J & J Tax Resolutions Group LLC is a Long Island based firm that specializes in Tax Resolution matters.

11/11/2023

On this Veterans Day, we honor the courageous men and women who have selflessly served our country to safeguard the freedoms we cherish 🇺🇸

If you, a family member, or a loved one is a current or former service member, we extend our sincere thanks today and every day ❤️🤍💙

11/04/2023

Who’s excited for an extra hour of sleep? 💤

It’s almost time to “fall back” in time! 🕰️ Daylight savings ends on Sunday, November 5th, when we all set our clocks to standard time by adjusting back an hour.

Remember, your smartphones and gadgets will automatically adjust for the time change but you’ll need to change your analog clocks (ovens, microwaves, etc.).

What are you doing with your extra hour? Tell us below in the comments!

11/03/2023

As we near the close of 2023, let's talk business strategies to trim your income and tax bill in 2024! 🗓️💼

1️⃣ Accelerate Expenses: If you've got big purchases on the horizon, consider making them this year for 2023 tax benefits. But remember, spend wisely - no need for unnecessary expenses!

2️⃣ Defer Income: If you'll be in a lower tax bracket next year, hold off on invoicing clients if your accounting is tax-basis.

3️⃣ Maximize Retirement Contributions: Top up retirement accounts for a nice tax deduction. Business owners can wait until filing business tax returns to contribute.

4️⃣ Charitable Giving: Give back and earn a tax deduction if your business is able.

5️⃣ State Tax Strategies: Explore state tax cap workarounds for potential deductions.

Got any other tips? Share them in the comments below!

10/31/2023

It’s the spookiest time of the year again! 💀

In the spirit of spooky season, we wanted to share a few helpful tips to keep you and your family stay safe and worry-free this Halloween:

🎃 Carry flashlights or wear reflective costumes to ensure you’re easily seen by passing cars, and encourage children to look before walking on the road.

🎃 Help your child choose costumes that fit well and don’t obstruct vision or movement. A great costume can still be safe!

🎃 Be extra careful when crossing the street. Drinking and driving is, unfortunately, very common on Halloween. Take extra care while traveling or trick-or-treating.

🎃 Carefully inspect candy before indulging in late-night treats. In particular, look for signs of tampering, including discoloration/unusual appearance and tiny holes or tears in the wrapping.

🎃 If your furry friends join in on the Halloween fun, make sure all dogs are on a leash or securely indoors to avoid escape or accidents.

Let us know in the comments what YOU are dressing up for this Halloween! 🦇👻

10/27/2023

Year-end is just around the corner, and 2023 has been quite a ride! 🎢 Now, let's talk tax-smart moves to finish the tax year strong:

1️⃣ Boost Retirement Savings: Max out 401(k) contributions for tax benefits.
2️⃣ Tax Loss Harvesting: Offset gains by selling underperforming investments (up to $3,000 deduction per year).
3️⃣ Explore Tax Credits: Own solar or an electric vehicle? Discover if you're eligible for credits.
4️⃣ Business Owners: Make large purchases before year-end to secure deductions (80% bonus depreciation still available).

Got questions or want a year-end tax planning session? 📞 Reach out - we're here to help!

10/16/2023

Is there something this October that has you preoccupied, anxious, or discouraged? Here are a few words of encouragement: don’t give up.

As one of our nation’s most brilliant and determined inventors once said:

“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” - Thomas Edison

If you know others who could be helped by this message, share this post!

10/12/2023

🚨 The IRS has issued a warning about a sneaky scam targeting people, claiming they have an unclaimed tax refund.

A few reminders:

🔒 You can always check your refund status and amount directly on IRS.gov or by calling the IRS.
🔒 The IRS will NEVER contact you out of the blue via email, text, or letter. Stay on guard, and verify any communication you receive!
🔒 Watch out for red flags like poor punctuation and grammar. If you spot any, it never hurts to double check by calling the IRS.
🔒 NEVER share your social security number, driver's license info, phone number, or bank account details with anyone claiming to be the IRS.

Stay safe, and feel free to share this with your network!

10/05/2023

Today, we celebrate the unsung heroes who shape the minds and futures of countless individuals 📚🎓 Let's take a moment to express our gratitude for all the amazing teachers out there, who work tirelessly to ignite a passion for learning in their students.

Swipe for some ways we can support and appreciate our teachers 🍎 Tag your teacher friends, and feel free to link to classroom wish lists in the comments – let’s get a running list going!

10/02/2023

Thinking about making some 🍃 green 🍃 changes to your home? Good news! There are new and improved tax credit opportunities that homeowners can tap into.

Per the Inflation Reduction Act of 2022, the IRS has proposed new legislation that allows homeowners and prospective homebuyers to tap into new tax breaks, resulting in reduced tax bills.

Swipe through to read about how you can take advantage of these tax breaks ↩️

Have an energy-efficient home improvement project coming up? Let us know in the comments!

10/01/2023

Did you know one in eight women will develop breast cancer in their lifetime? And even more will know or love someone fighting this destructive disease.

That’s why, during Breast Cancer Awareness Month, we want to raise awareness about this form of cancer. Take a look at a few key facts below:

💝 One in eight women will develop breast cancer in their lifetime.

💝 The average age of diagnosis is 62, but breast cancer can occur at any age.

💝 Early detection is key to survival. When breast cancer is caught before it has spread to other areas of the body, the five-year relative survival rate is 99%.

💝 As such, it's important to talk to your doctor about any risk factors and get regular mammograms once it’s recommended you do so.

💝The United States Preventive Services Task Force recommends women ages 50-74 with an average risk receive a mammogram every two years. Women ages 40 to 49 should talk with their doctor to determine when to start and frequency.

💝 There are many effective treatments for breast cancer, and the survival rate has been steadily increasing in recent years.

Share this post to raise awareness about breast cancer, and remember to talk to your friends and family about the disease and encourage them to get screened.

09/29/2023

We often get asked if it’s better to ring up the IRS directly or start with us (spoiler: you should always start with us) 📞

With that being said, we’ve outlined the circumstances where you may want to reach out to the IRS directly ➡️

Remember, we’re just a phone call away, year-round. Reach out with any questions!

09/26/2023

We don't want to alarm you, but it's already time for kids to head back to school! 😱 And if this season has you dreaming about one day seeing your child walk the stage at their dream college, but the thought of paying for it has you pacing the floor, we have good news.

A 529 Account is your not-so-secret weapon for building savings for education-related expenses.

Between the savings plan and prepaid tuition plan options, you’re sure to find a solution that makes sense for your family. Drop any questions you have about 529s in the comments!

Address

167 Forest Avenue
Locust Valley, NY
11560

Telephone

+15168218193

Website

http://jjtaxgroup.com/

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