If I Work Remotely Where Do I Pay Taxes?

Posted by on Jan 13, 2021 in Personal | 0 comments

The current pandemic has led many people to work from home whether by choice or necessity. The new work arrangement has meant no commute, more time with family and less money on gas. For individuals who work for an out-of-state employer remote work can have unexpected consequences. Typically employees are taxed in the state where they live or where they earn income. Some states have reciprocity agreements that obligate employees to pay tax only...

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Do Green Card Holders Pay Taxes?

Posted by on Jan 2, 2021 in Personal | 0 comments

The United States tax law can be confusing to say the least. There are certain types of income that is taxed, some that is taxed at reduced rates and some that is tax-free. To add to the mix taxes may be owed at the state and in some cases at the city level.  We are often asked whether green card holders have to file and pay U.S. taxes if they are not U.S. citizens. As a green card holder you are treated, for tax purposes, as if you are a...

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NY Enrolled Agent

Posted by on Nov 5, 2020 in Personal | 0 comments

(888) 561-7287 Enrolled Agents are IRS-authorized tax professionals who must pass a background check and take continuing education to stay up to date on the ever-changing, complex tax rules and regulations. We don’t work for the IRS, we work for you. Get Help Tax and Bookkeeping is a NY Enrolled Agent offering responsive and reliable tax and accounting. Your accountant should be someone who helps you save taxes, plan for the future and build...

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Is Your Side Gig a Business or Hobby?

Posted by on Oct 14, 2020 in Personal | 0 comments

In today’s world it is not uncommon to have a side gig. With rents increasing and the cost of living skyrocketing many people do things on the side or work two jobs just to survive. If you live in an expensive, urban area like San Francisco, NYC or Los Angeles you know what I mean.   The big question is whether your side gig is a business or a hobby. It’s important to know this because the IRS treats money made from a hobby differently...

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Can I Get a Tax Deduction For Donating a Car?

Posted by on Oct 12, 2020 in Personal | 0 comments

“No one has ever become poor by giving.” – Anne Frank There is something to be said about giving. It brings joy to be able to help others in need. It is an added bonus that you could potentially receive a tax deduction in the process. To take full advantage of the tax incentive it helps to know the requirements. It’s nice to give but not every deduction is tax deductible. In order to be tax deductible the donation must be made to a...

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529 Plans and the NY State Tax Deduction

Posted by on Oct 5, 2020 in Personal | 0 comments

Saving for college is best done sooner than later. If you expect a tax refund or have extra funds investing in a 529 is a great way to put money away for a future student.   What is a 529 Plan?   529 plans are state-sponsored investment accounts that can be set up for a student’s future expenses such as tuition, textbooks, computers, supplies or even room and board. The student can be your child, a relative or the child of a friend....

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