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...

First some important reminders for all Jackson Heights taxpayers, then I have a bunch of questions to which I'd like you to respond...Depending on when you read this, the October 15th tax return extension deadline (for families and individuals) is either VERY close,...

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...

Summer is nearing an end. Which also means, well, wedding season is slowing down.If you've been married, you know that there is a big difference between the "wedding show", and the real work of being married. One of the best pieces of advice I've seen for newlyweds is...

Yesterday, we learned some news, and I thought I'd send you a short note for you to hear this (it is a welcome change).Earlier this week I wrote to you (and it has been all over the news) about the economic stimulus checks (typically for $1,200 for single filers and...

Hanukkah is behind us, and Christmas (with its associated slowdown) is just about a week away.The world seems to quiet around that time, no matter your faith tradition, but here at Eakub A. Khan CPA P.C., these "holidays" are a bit of a misnomer. That's because while...

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...

These weeks are disjointed, these holiday weeks. As of this writing, there are only three days left in 2020, and this week contains New Year's Eve and New Year's Day.So if you want to make ANY 2020 moves (outside of IRA things, which can be retroactively applied after...

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,...

Everything about this year since March has just felt a little ... off. And I mean aside from all of the cultural and political turmoil we're living through.The seasonality of everything feels different too. Pro sports are out of sync, "back to school" season surely...