Blog

Work Opportunity Tax Credit

By Joe Beige | Published May 11, 2022

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.

Venmo? Paypal? Cash App?

By Joe Beige | Published April 27, 2022

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.

Common Myths About Tax Refunds

By Joe Beige | Published April 14, 2022

With the April 18^th tax filing deadline fast approaching (yes…it’s the 18^th 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.

Help From The IRS

By Joe Beige | Published April 7, 2022

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.

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

By Joe Beige | Published March 21, 2022

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!

IRS Warns Taxpayers To Protect Their Personal Online Information

By Joe Beige | Published March 17, 2022

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!”

Foreclosure Help and Options

By Joe Beige | Published March 1, 2022

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!

Suffolk Senior STAR Exemption Deadline

By Joe Beige | Published February 24, 2022

March 1, 2022. That is the deadline for Suffolk County Seniors to file for Senior and Enhanced STAR property tax reductions. This deadline is absolute and should you miss it you will have to wait a full year for your next opportunity to take advantage of these property tax discounts.

Discussing Homeowners Insurance

By Joe Beige | Published February 3, 2022

One of the things that all property owners have in common is insurance. Whether you are a first time home buyer scrambling to get a homeowners policy to satisfy your lender or a decades long homeowner, the right insurance coverage is vital. Without the right coverage you are vulnerable in the event of a loss, be it damage to the property or liability for an injury to a third party. Knowing that you need proper insurance and understanding what it is and how to get it is another thing entirely.

Understanding Your Options For A Mortgage

By Joe Beige | Published January 27, 2022

Finding the right property is only the first step towards owning and enjoying your dream home. One of the most pivotal, confusing and potentially expensive steps is in applying for and getting a mortgage loan.