Tax Ace

01/24/2022

It’s nearly that time of year again, when we cross our fingers and hope to get money back after filing our taxes – and for those owed money, the IRS has some pointers when it comes to speedy …

02/25/2019

Lower refunds does not mean higher tax....to put an end to the rumors

The Wall Street Journal’s 2019 Tax Guide will help you sort through the confusion of doing your taxes for the first time under the new law.

05/06/2018

We have been hearing a lot regarding the Tax Cuts and Jobs Act, but how does the bill effect us, in simpler terms?

The time to start preparing for the TCJA’s affect on individual taxpayers next year is right now.

02/04/2018

Traded Crypto in 2017 and don't know how to treat it for tax purposes? Give us a call for the most updated tax preferences and expertise....We will handle it for you
www.TaxAcellc.com
929-257-1830

I confirmed what the media has been reporting: Coin traders made fortunes in 2017. Now that the 2017 tax-filing season is underway, these traders should gather online tax reports if available, use a coin trade accounting program, and review the latest guidance on tax treatment.

01/24/2018

Does IRS require any crypto reporting in connection to your holdings? Looks like they do!

www.TaxAcellc.com

FBAR Bitcoin (2017- 2018) - Important Cryptocurrency Reporting Tips by the International Tax Lawyers at Golding & Golding, A PLC

01/22/2018

What's the link between Crypto currency and Tax?

www.TaxAcellc.com

The virtual currency has enjoyed a spectacular rise in value, but there are important tax implications. Here’s a guide.

12/26/2017

In order to take advantage of credits that are about to expire, we recommend taxpayers who itemize to pay in their assessed property taxes for 2018 before 12/31/17, and to make their Q4 Estimated NYS payments before 12/31/17.

If you need additional advice, please contact us www.TaxAcellc.com

Gov. Andrew Cuomo is enacting an emergency order allowing New York state property owners to pre-pay their 2018 school and local property taxes so they can deduct them from their federal income tax …

10/10/2017

Tax cut for who, the middle class employee or the wealthy boss? It's not looking good.....

The information we have available suggests the new Republican tax proposal would raise income taxes on a significant number of upper-middle-class families.

10/09/2017

Good article of how Trump's tax reform will hurt New Yorkers, specifically NYC dwellers

New York State will sue to block President Trump’s plan to stop taxpayers from deducting state and local taxes if it passes.

10/02/2017

Republican Tax Framework

The document provides more detail than a number of other tax reform documents that have emerged from the Administration over the past few months, but it still leaves many specifics to be worked out by Congress's tax-writing committees.

08/22/2017

Tax Reform Anyone?

As summer winds down, everyone across the country is anxiously awaiting a special and rare event this Monday.

07/05/2017

With the fate of the ACA repeal unclear; Congress targets the individual mandate penalty directly in new bill

With the fate of the Senate’s healthcare bill still unclear, Republicans in Congress have moved to ensure no matter what happens to the Affordable Care Act, one of its core components—the individual mandate—won’t last long.