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Found a Mistake or a Surprise 1099 After Filing? Here's What to Do
Filing your taxes feels like a big win—until a surprise 1099 shows up or a mistake comes to light.
Jim O'Callaghan, CPA
Apr 73 min read
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Maximizing Tax Benefits for Small Business Owners
Effectively managing tax obligations is crucial for small business owners aiming to maximize profitability
Jim O'Callaghan, CPA
Mar 104 min read
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Tax Filing Options: DIY vs. Professional Assistance
Navigating the complexities of tax filing requires careful consideration of whether to handle the process independently or seek assistance.
Jim O'Callaghan, CPA
Feb 62 min read
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Essential Tax Documents Checklist for 2024 Filings
Stay organized for the 2024 tax season with this essential tax documents checklist. Learn how to maximize deductions, ensure compliance, and
Jim O'Callaghan, CPA
Jan 74 min read
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Holiday Spending and Tax Deductions: What You Need to Know
The holiday season often brings a flurry of activity, from shopping for gifts to hosting gatherings. While the spirit of giving is at its...
Jim O'Callaghan, CPA
Dec 5, 20243 min read
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Understanding the Tax Implications of Real Estate Transactions
Real estate transactions are significant financial events that come with various tax implications. Whether you are buying, selling, or...
Jim O'Callaghan, CPA
Nov 1, 20243 min read
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Year-End Tax Planning Tips for Long Island Families
As the year comes to a close, individuals and families in Long Island need to take proactive steps to optimize their tax situation....
Jim O'Callaghan, CPA
Oct 8, 20243 min read
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Tax Implications for Snowbirds: What You Need to Know
Snowbirds, or individuals who divide their time between homes in different states, often enjoy the flexibility of living in warmer climates
Jim O'Callaghan, CPA
Sep 16, 20243 min read
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Tax Strategies for Small Business Owners
Implementing strategic tax-saving measures can significantly reduce tax liabilities and promote business growth.
Jim O'Callaghan, CPA
Aug 1, 20242 min read
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Common Tax Preparation Mistakes and How to Avoid Them
Navigating through various forms, documents, and ever-changing tax laws can lead to mistakes.
Jim O'Callaghan, CPA
Jul 17, 20243 min read
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Filing Taxes as a Freelancer in New York: Tips and Tricks
Navigating the tax landscape as a freelancer in New York can be complex, but with proper planning and knowledge, it becomes manageable....
Jim O'Callaghan, CPA
Jun 6, 20243 min read
71 views
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Understanding the Consequences of Not Filing Federal Income Taxes
The Risks of Late or Non-Filing Filing federal income taxes on time is crucial. When this deadline is missed without action, such as not...
Jim O'Callaghan, CPA
May 13, 20242 min read
25 views
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Freelancers and Workers in the Gig Economy
The tax landscape for freelancers and gig economy workers has evolved significantly, presenting unique challenges in tax management....
Jim O'Callaghan, CPA
Apr 15, 20242 min read
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Navigating the 2023 Tax Changes: Key Updates You Should Know
As the 2023 tax year unfolds, individuals and businesses must stay informed about the significant changes to the U.S. tax code. These...
Jim O'Callaghan, CPA
Mar 11, 20243 min read
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How Individuals Can Navigate Complex Tax Deductions
Navigating the complexities of tax deductions can feel daunting, especially with the arrival of tax season. For individual taxpayers,...
Jim O'Callaghan, CPA
Feb 9, 20242 min read
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Happy New Year from TaxMaster, Inc.!
Preparing for Your Tax Appointment: A Comprehensive Checklist As we step into the New Year, it's also the time to gear up for the...
Jim O'Callaghan, CPA
Jan 5, 20242 min read
32 views
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Holiday Season Charity and Tax Implications: Navigating the Benefits of Giving
As the holiday season approaches, the spirit of giving becomes more pronounced. Many of us enjoy donating to charities and helping those...
Jim O'Callaghan, CPA
Dec 14, 20232 min read
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Holiday Season Charity and Tax Implications: Navigating the Benefits of Giving
As the holiday season approaches, the spirit of giving becomes more pronounced. Many of us enjoy donating to charities and helping those...
Jim O'Callaghan, CPA
Dec 5, 20232 min read
10 views
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Tax Planning Strategies for the Upcoming Year
Tax planning is an essential financial management component for maximizing savings and minimizing tax liabilities. TaxMaster, Inc. is...
Jim O'Callaghan, CPA
Nov 1, 20232 min read
26 views
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October: The Ideal Time for Year-End Tax Planning with TaxMaster, Inc.
October isn't just about pumpkin patches and Halloween costumes. It's a pivotal month for savvy taxpayers to kickstart their year-end tax...
Jim O'Callaghan, CPA
Oct 13, 20232 min read
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