Author Archives: Joe Beige
Despite the tight real estate market and historically low inventories many Long Islanders do find themselves owning property besides their primary home. Sometimes this is due to a dedicated plan to invest in real estate, other times as an adjunct to a business and still other times as a result of an inheritance.
One thing that every Long Islander has in common is real estate development. Whether you are an owner or tenant of residential real estate, a commercial property, business owner, or a real estate developer you are affected both locally and regionally by real estate development. Or the lack of it.
If you have been in the market to purchase a new home the last few years good news may have been few and far between. Prospective home buyers who had been faced with rapidly rising prices and heavy competition for available homes then got hit with equally rising mortgage interest rates. For many there was […]
The IRS has recently announced that taxpayers filing amended returns (Form 1040-X) will now be able to choose to have any refund directly deposited into their bank account. Prior to this change taxpayers filing amended returns had to wait for a physical, paper check to be issued. This added time to the process and delayed […]
The Internal Revenue Service has announced that it will begin accepting tax returns for tax year 2022 beginning January 23, 2023 thus commencing the 2023 tax season. It was also announced that the filing deadline for 2022 returns will be April 18, 2023 due to holidays and weekends. Taxpayers who have suffered the past three […]
The Internal Revenue Service recently made several announcements intended to give taxpayers some advance notice of changes that may affect their 2022 filings. Some of the highlights that taxpayers should be aware of include:
Between low inventory of homes for sale, record high prices, bidding wars for homes and then mortgage interest rates that increased about twice what they had been in a year…there hasn’t been much good news for people looking to purchase a home on Long Island. But…as incredible as it may seem there is some good […]
Have you ever thought about becoming a professional real estate salesperson? Maybe you’ve recently bought or sold a home and have seen firsthand what the real estate salesperson does have wondered about it as full or part time occupation?
The Internal Revenue Service recently announced increases to the amount that individuals can contribute to their 401(K) and IRAs. For individuals who participate in 401(k), 403(b), most 457 plan or the federal government’s Thrift Savings Plan the contribution limit has increased to $22,500 (up from $20,500). For individuals with IRAs the limit on annual contributions […]