by Wayne A. Scully, CPA | ASED, Audits, CSED, IRS Notices & Collections, New York State Tax Issues, Real client stories, Refunds & Filing Deadlines, RSED, Tax Deadlines, Tax Tips & Education, TaxBiz, TaxBusiness, TaxInfo, TaxPers, TaxRes, TaxResolution, Uncategorized
🧾 The Right to Finality — How Long Can the IRS or NYS Chase You for Taxes? Dealing with unpaid taxes can feel like a never-ending battle. Letters keep coming. Interest grows. Eventually, you start to wonder if the IRS or New York State will ever stop. Fortunately, the...
by Wayne A. Scully, CPA | TaxBiz
Navigating Like-Kind Exchanges & Taxes in Jamaica, Queens Are you an investor seeking savvy financial solutions while minimizing tax liabilities? Look no further! Exploring like-kind exchanges can unlock significant returns. Moreover, this comprehensive guide...
by Wayne A. Scully, CPA | TaxBiz
Understanding Reverse Mortgage Taxation in Jamaica, NY Reverse mortgages offer seniors a way to tap into their home equity without selling their property. However, the tax implications of these financial products can be complex. Let’s delve into the taxation...
by Wayne A. Scully, CPA | TaxBiz, Uncategorized
Home Equity Loans for Property Investments & Taxes Harnessing Home Equity for Property Investments In the realm of real estate investments, finding the right financing avenue can make all the difference in maximizing returns. One increasingly favored method...
by Wayne A. Scully, CPA | TaxBiz
Primary Residence vs Investment Property: Understanding the Tax Implications in Jamaica, NY Introduction Ah, the American dream: 2.5 kids and house with white picket fence. And, while that has become increasingly unattainable, folks are still doing it. Thus, as a...
