All Posts By

Anthony Fontana

How are LLC’s taxed?

By | Tax Tips

First things first, what is an LLC? LLC stands for Limited Liability Company and these are strictly legal entities set up through the State and are used to protect personal assets. The IRS does not recognize the LLC as an entity, there is no IRS LLC tax form. As an…

Read More
tax-resolution

Is Alimony Tax Deductible?

By | Blog, Tax Tips

Tax Deductible in 2019 After 70 years of the same alimony tax rules, the Tax Cuts and Jobs Act (TCJA) brought in the end of an era. Under this law, alimony deduction was eliminated from the tax code beginning January 1, 2019 through 2025. If your divorce was finalized before…

Read More
tax-services

The Truth about Tax Extensions

By | Blog, Tax Tips

Filing for a tax extension can be a huge relief in many circumstances – they allow you an additional 6 months to file your tax return. The only problem with them is, some people are unaware of what they really do and do not do. This extension made to assist…

Read More

Rental Tax Deduction

By | Tax Tips

Renting out a home can be a bit intimidating, at first thought. The cost of home repairs and the gamble of finding tenants can be stressful, but the benefits of income and tax deductions can make it all worth it. Many rental property expenses can be deducted to offset your…

Read More