Tag: personal income taxes

common tax forms

Common Tax Forms for New Yorkers

The New York tax system is truly one of the more complicated tax regimes in the country. With all of its various city and county level taxes, taxes are quite literally everywhere.  There’s transfer taxes, income taxes, sin taxes, and general sales taxes.  There are countless other taxes which New York residents have to be […]

Stepped Up Basis

Sec. 1031 & Stepped Up Basis

Tax is full of opportunities for people who have creativity. If you can master different pieces of tax knowledge, there’s possibilities for combining these pieces together to build effective tax reduction.  Or even tax elimination. But, in addition to having mental command over the material, you also need the ability to think outside the box.  That is, […]

personal income tax

Why Do We Have a Personal Income Tax?

In 2018, we’ve become accustomed to the federal income tax as a matter of our everyday reality. It’s hard to believe that, at one point, it wasn’t necessary for Americans to pay tax on their personal income. But, in fact, the U.S. federal income tax structure is now just a bit over 100 years old. […]

Bitcoin taxation

The Shifting Sands of Bitcoin Taxation 

The rise of bitcoin and other cryptocurrencies has brought about a whole new set of fascinating taxation issues. Currently, the market value of bitcoin is in the low $8,000 range, as of today it is approximately $8,270. Its value has fluctuated widely over the past several years. At its peak, bitcoin boasted a market price of […]

Principal Residence

What is the Principal Residence Exclusion?

While difficult to believe, many sections of our tax code make things more equitable for American taxpayers. Given its intimidating size and unfamiliar terminology, many assume that it exists solely to create headaches and fund public projects. But crack open the code and engage long enough. You’ll find that authors of the code include quite a few […]

independent contractor tax advantages

10 Independent Contractor Tax Advantages

A recent report by Intuit, the software developer, says that by 2020, as many as 40 percent of American workers will be independent contractors. The trend toward independent work is being spurred on by a number of factors. For example, many Americans are shunning “traditional” employee-employer relationships for the relative freedom associated with “being your […]

IRS Charity Requirements

7 Explanations on IRS Charity Requirements – And Why They’re Important

Charitable organizations have played an important role within American culture and society. Whether they are established for charitable, religious, educational, scientific, or other public purposes, they have enhanced and strengthened the American landscape for more than 200 years. Recognizing that incentives were appropriate to support the work of qualifying charitable organizations, Congress introduced the  individual […]

Unclaimed 2013 IRS Refunds

Unclaimed 2013 IRS Refunds

If you, or someone you know, is owed a refund for 2013 federal taxes, the deadline for unclaimed 2013 IRS refunds is almost upon you.  April 18th of this year is the last day to file a personal income tax return for the 2013 tax year and still be able to claim a refund for […]

As seen on

Client reviews

How can I help you?

You can contact us using this form day or night, 24 hours a day, 7 days a week, 365 days a year. You will hear back from one of our attorneys the same day or next day.





    If you would like to speak with a team member immediately, we are available 24/7 via this form — or via phone toll-free from 6am – 8pm EST M-F at: 844 - MCC - 4TAX

    schedule an appointment with us

    Call Toll Free
    844 - MCC - 4TAX
    send a message
    Contact Us
    send a message
    Contact Us