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Common Sense Taxpayer Information Security for Eakub A. Khan CPA P.C. Clients
We're gearing up for tax season around here, already beginning to help certain Jackson Heights area clients get their returns ready for filing (yes, this early) when the IRS begins allowing receipt of electronically-filed returns on the 29th of this month. And while...
Eakub Khan’s 2018 Tax Preparation Checklist
Yes, you *thought* 2017 was in the rearview mirror, didn't you? Well, not for the IRS it isn't. That's because, as you probably know, we are now beginning the process of doing what we do best: effectively, legally, and ethically reporting our clients' financial lives...
4 Goals To Jumpstart Your Financial Freedom In Jackson Heights area In 2018
It feels VERY good to turn the page on 2017, doesn't it? There were so many hard things that we faced as a nation that the opportunity to start fresh feels particularly bright this week. Obviously, and as I've already written about in some detail, we have a brand new...
4 Key Year-End Tax Strategies With Tax Reform In Mind For Jackson Heights area Taxpayers
We're in that annual holiday lull during which most of the country takes things real easy, tries to recover from all of the parties, and gears up for a new beginning. For tax professionals, however ... well, let's just say that we don't often get a "normal" holiday...
2018 Tax Reform Update And A Holiday Prayer from Eakub
Well, we seem to have a final tax plan in place, and if everything goes according to what Capitol Hill watchers say, it should pass both the House and Senate this week, and be signed into law by President Trump. And my, oh my, are there changes. One that I should...
Conventional Financial Advice May Not Always Be Best by Eakub Khan
Just to give you a little snapshot of why it's taking so long to get tax reform done (and I know -- you're surely waiting with bated breath), consider this: under certain circumstances with the proposed reform, some people would face a marginal tax rate of over 100%....
Khan’s Four Good Reasons To Give Charitably, Aside From Tax Deductions
As I write this, the Senate has passed their version of the tax reform bill, and now we wait for the final version of the bill. The process isn't yet finished (it needs to go through the "reconciliation" process, and the President needs to sign it), but we have some...
Get Lower Taxes: 4 Last-Minute Tax Moves For Jackson Heights and Queens Taxpayers
The first round of holiday festivities are behind us, and the nation turns its eyes to Washington DC to see if this December will be festive or glum. Well ... perhaps that's an exaggeration. Most of us don't take our cues from DC! Either way, this season marking the...
2017’s Been Hard For Our Nation, Can We Still Give Thanks in Jackson Heights and Queens?
Here we are, suddenly finding ourselves in the week that we have set aside as a nation for the giving of thanks. 2017 seems to have been a difficult year for many to find glimpses of the light, to find goodness in the midst of seeming chaos and lots of bad news. But,...
5 Tips on How to Become Wealthy in Jackson Heights and Queens
As we continue to keep our eyes on what's happening with the GOP tax reform bill in Washington, we are focusing on an entirely different kind of "tax reform" around here: Tax planning with our smartest Jackson Heights and Queens clients. Because something that is a...
Four Simple Steps To Increase Productivity In Jackson Heights and Queens
First of all, our hearts are with Sutherland Springs, TX. What a senseless, terrible tragedy for that community, and our nation. Words fail. +++ But as difficult as it is to "move on" from the remembrance of such things, our nation continues along with the arguments...
Facts About IRS Audits
With all of the chaos out there right now, the division and shouting, it's helpful to try to tune out the shouting and focus on what is actually in our sphere of productivity. One way that the IRS has decided it can be more productive is by outsourcing their...