Blog

Discussing Reverse Mortgages with Ralph Taylor of UNMB Home Loans

Reverse mortgages. One of the most misunderstood and maligned financial tools available to homeowners. Yet for those who know the facts about reverse mortgages they are one of the most consumer friendly and flexible financial tools available to homeowners. In this podcast Long Island Attorney Joseph Beige discusses Reverse Mortgages with Ralph Taylor of UNMB Home Loans and addresses the facts and dispels the myths of Reverse Mortgages

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The IRS is Hiring!

The IRS is looking to increase its’ workforce in 2022 and has announced that it is looking to hire over 4,000 new contact representatives!

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IRS Interest Rates Increased

The Internal Revenue Service recently announced the increase in interest rates for the coming third quarter or 2022 which begins on July 1, 2022.

Whether you owe taxes or made an overpayment will determine if this is welcome news or not.

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Work Opportunity Tax Credit

Owning and operating a small business has never been easy.  Recently between COVID, supply chain issues, rapidly increasing costs and labor shortages the challenges small business owners face are more daunting than ever.

But there is always hope and opportunity, sometimes from the most unlikely of sources, like the IRS and the Work Opportunity Tax Credit.

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Venmo? Paypal? Cash App?

Do you have a business? Provide services and accept payment via a peer-to-peer or electronic service such as Venmo, Paypal or Cash App?  If so you should be aware of changes to the IRS third-party reporting requirements in an effort to stem underreporting of income.

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Common Myths About Tax Refunds

With the April 18th tax filing deadline fast approaching (yes…it’s the 18th this year) many taxpayers are still scrambling to get their returns completed and filed.

However, many more have already filed their returns and are awaiting refunds.  The IRS is reporting that for 2021 returns they are processing and delivering refunds in less than 21 days for 9 out of 10 tax filers.

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Help From The IRS

Many taxpayers, especially those that decide to prepare and file their tax returns on their own have questions about their return.  These may have to do with the advanced Child Tax Credit, the third round of Economic Impact Payments or other issues.

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Understanding Property Tax Statements with Andy Wittman, Islip Town Receiver of Taxes

Property taxes.  Two words and a subject that every Long Island homeowner dreads.  Most homeowners don’t do much more then look at the bottom line amount due on their statement and grumble.  Still others, especially those whose property taxes are paid by their mortgage company, don’t even bother to open their tax statement at all.  Both of these are bad ideas and may be costing you money!

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IRS Warns Taxpayers To Protect Their Personal Online Information

Anyone who has had their credit card number or email address hacked knows all too well the inconvenience, costs and aggravation that comes with having their personal information stolen.  And if you think that that is bad…well as the saying goes “you haven’t seen anything yet!”

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Foreclosure Help and Options

With the end of the COVID-19 foreclosure moratorium many Long Islanders may find themselves facing the prospect of a home foreclosure and loss of their home.  Many more of our friends and neighbors are behind in mortgage payments and are living with the fear that they are on the brink of a foreclosure as well.

There is hope!

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