Blog

J.D. PANTZIS, C.P.A., P.C. Sheds Light on Some of the Highest State Sales Tax Rates
No, the IRS is not shutting down their operations — there is still (and probably ever will be) a federal income tax. But states are a different story… This being travel season, and the season during which some of our clients turn their eyes towards making a move, I...
Five Key Tax Filing Penalties Brooklyn Taxpayers Must Know
We're slowly unburying after the May 17th federal tax deadline (though for those in Texas, Oklahoma and Louisiana -- we're still going!).This tax season has been ... long.And I promise that I’ll soon take up non tax-related content. Goodness knows, I need a palate...
5 Next Steps for Tax Return Review
5 Next Steps for Tax Return ReviewSoooooo, what now? I'm glad you (ahem) asked.Just because tax season is over, doesn’t mean we’re not still here for you.In fact, with the IRS experiencing a litany of problems right now, we’ll gently recommend a little tax return...
The Tax Trap Brooklyn Side Hustlers Need to Know About
These days, it seems like everybody and their uncle has a “side hustle.”From delivering for Uber Eats and Instacart to selling crafts on Etsy to teaching English online to renting out your front yard for dog parties on Sniffspot (yes, this is a real thing), there...
The Why and How Behind Procrastination – Something for Brooklyn Friends to Consider
Stress.Anxiety. Unease. Worry.And a pinch of aggravation just to round it all out.No, I'm not talking about the upcoming May 17th federal tax deadline.Or am I?For millions of Americans every year, the tax filing deadline points to a much bigger issue. An issue so...
A Great Retirement Planning and Portfolio Tip for Our Brooklyn Friends
Can you believe it? Three weeks until the May 17th deadline! You'll forgive me if visions of vacation and beaches are dancing through my daydreams.For many in Brooklyn, daydreams like these become more frequent while contemplating retirement (not just surviving the...
Helping Brooklyn Residents Understand the Purpose of Life Insurance
As the old joke goes, the only two guarantees in life are death and taxes.In these updates, I obviously spend a lot of time talking about taxes.And these past 12 months, no matter how things have landed for those of you in or near Brooklyn ... the other part of that...
Buying a House in Brooklyn During this Housing Shortage
Buying a house in Brooklyn right now is painful. Very painful. Inventory is at a historic low, and prices are skyrocketing.I have some thoughts -- and while this is admittedly not within my direct "wheelhouse" ... I think it will help as we move through the spring and...
Big Earned Income Tax Credit Changes for all Brooklyn Filers in 2021
I have to apologize to all of my Brooklyn clients for the sheer volume of tax-centric writing I've been doing the last few weeks and months.Normally, I like to write on other topics (in addition to the tax-related stuff) ... but I cannot emphasize enough how massively...
Key Healthcare Changes From ARPA For Brooklyn Taxpayers
Last week marked the one year anniversary of the CARES Act (stimulus round 1). This was such a monstrous piece of legislation, it’s still being unraveled. It made "Obamacare" (ACA) and the "Trump Tax Cuts" (TCJA) seem like junior league tweaks.We had not before seen a...
How COV-19 Affected Annual RMD for Brooklyn Retirees
With a third round of "stimmy" (as the kids say) hitting bank accounts for the past week, 90MM+ Americans (including some of us in Brooklyn) are once again flush with cash. It remains to be seen what this will do for the economy, but combined with what seems to be a...
Post-Stimulus Taxes for 2020
I mentioned last week the key provisions of the "American Rescue Plan," while it was just proposed legislation.Now that the House has passed it, there is more meat on those bones. I'll run it all down for you once it's been signed by the President, but the key...