IRS Payment Options for Taxpayers Who Cannot Pay in Full
IRS payment options explained: short-term plans, installment agreements, hardship status, and Offers in Compromise for New York taxpayers.
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TaxMaster Blog
Practical tax guidance, filing reminders, and planning insights for individuals and businesses across Queens and Long Island.
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Are Venmo, PayPal, and Cash App Payments Taxable? The 1099-K Rules for 2026
The $600 1099-K rule is gone. Learn how Venmo, PayPal, Cash App, eBay, and other platform payments are taxed under the current rules.
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Selling Your House on Long Island: What the Tax Bill Could Look Like
Long Island home prices have climbed for years. Before you sell, here's how the federal home-sale tax exclusion and New York taxes could affect you.
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You Missed a Year. Or a Few. Here Is How to Get Back on Track.
Haven't filed in a year or more? You're not alone, and it's fixable. Here's how to get unfiled returns filed and put it behind you.
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Filing a Tax Extension in New York: More Time to File, Not More Time to Pay
Filing a tax extension moves your deadline to October 15, but not your payment due date. Here's what New York filers need to know before April 15.
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How the One Big Beautiful Bill Act (OBBBA) Affects Your Taxes
The One Big Beautiful Bill Act changed several federal tax rules. Here's what New York filers should know about how it affects deductions and filing.
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The SALT Deduction Cap: What New York Homeowners Need to Know
The One Big Beautiful Bill Act raised the SALT deduction cap for 2025 through 2029. What that means for New York homeowners who itemize.
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Understanding the Standard Deduction Under the OBBBA: What New Yorkers Need to Know
The OBBBA extends and expands the standard deduction. Here's what that means for how much of your income gets taxed as a New Yorker.
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Key TCJA Provisions Made Permanent in OBBBA
The One Big Beautiful Bill Act made key 2017 tax cuts permanent, including the larger standard deduction. What that means for your long-term planning.
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Summer Side Hustles and the IRS: What You Need to Know Before You Get Paid
Even small summer side income is taxable, whether it arrives by check or Venmo. What to know about reporting and estimated payments before you get paid.
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How to Fix a Mismatched W-2 or 1099 Before It Triggers an IRS Notice
A typo on a W-2 or 1099 can trigger an IRS notice months later. How to spot a mismatch, get a corrected form, and file accurately the first time.
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What to Do If You Receive an IRS Notice
Most IRS letters are routine and fixable. How to read the notice, respond on time, and know when to bring in a professional.
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Facing Tax Challenges Head-On: Common Issues and Smart Solutions
Misreported income, missed deductions, and blown deadlines are the most common tax problems we see. Here is how to catch and fix each one.
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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.
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Maximizing Tax Benefits for Small Business Owners
Strategic tax planning can meaningfully lower what small business owners owe. Here's how deductions, recordkeeping, and planning work together.
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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.
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Holiday Spending and Tax Deductions: What You Need to Know
Which holiday expenses can actually be deducted? A look at charitable gifts, business entertaining, and year-end purchases that may reduce your taxes.
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Understanding the Tax Implications of Real Estate Transactions
Buying, selling, or inheriting property in New York comes with capital gains, transfer, and city tax questions. What to understand before you close.
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Year-End Tax Planning Tips for Long Island Families
Retirement contributions, charitable gifts, and loss harvesting can cut your bill if done by December 31. A year-end checklist for Long Island families.
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Tax Implications for Snowbirds: What You Need to Know
Split time between New York and a warmer state? Here's how establishing residency affects which state taxes your income as a snowbird.
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Tax Strategies for Small Business Owners
Implementing strategic tax-saving measures can significantly reduce tax liabilities and promote business growth.
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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.
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Filing Taxes as a Freelancer in New York: Tips and Tricks
Quarterly estimated payments, self-employment tax, and the deductions freelancers miss most. A practical guide for New York independent contractors.
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Understanding the Consequences of Not Filing Federal Income Taxes
Miss the filing deadline and penalties start at 5% a month, then interest, liens, and levies follow. What happens when you do not file and how to fix it.
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Freelancers and Workers in the Gig Economy
Gig and freelance income is taxable even without a 1099. What self-employed workers need to track, deduct, and pay to stay ahead of the IRS.
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How Individuals Can Navigate Complex Tax Deductions
Standard deduction or itemize? A plain-English guide to the deductions individuals most often qualify for and how to document them properly.
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Holiday Season Charity and Tax Implications: Navigating the Benefits of Giving
Charitable gifts can lower your tax bill, but only if you itemize and give to a qualified organization. What to know before you donate this season.
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Navigating NYC Tax Laws: A Comprehensive Guide for Small Businesses
New York City layers its own business taxes on top of state rules. What NYC small businesses owe by entity type and how to stay compliant.
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