Zohran Mamdani’s Tax Plan
New York City is often a testing ground for national ideas — and few proposals have drawn as much attention in 2025 as Assemblymember Zohran Mamdani’s tax plan. Framed as a blueprint to make the city more affordable and equitable, it proposes raising taxes on large corporations and the city’s wealthiest residents to fund sweeping […]
The Tax Break That Pays You Back Without Spending a Dime
What Is Depreciation in Simple Terms? Depreciation is the IRS’s way of recognizing that buildings wear out over time. When you own a property that earns income — like a rental house or an office building — the IRS lets you deduct part of its cost every year. This deduction helps you recover the cost […]
Mastering the 1031 Exchange: What Investors Often Search For
When you’re selling investment real estate, you’ll hear a lot about the “1031 exchange.” It’s one of the most powerful tax-moves in an investor’s toolbox. But it also comes with rules, deadlines, and myths. Let’s walk through what everyone is asking — and what you need to know. What is “1031 exchange rules”? When people […]
Couples: depending on how you file, you might trigger a bonus or a penalty. Let’s make sure it’s the former.
Married Filing Jointly (MFJ) You and your spouse combine all your income, deductions, and credits on one tax return. You share responsibility for accuracy, taxes owed, and benefits. Most married couples use this status because it generally offers more tax advantages. Married Filing Separately (MFS) Each spouse files their own tax return, reporting only their […]
The Scariest Thing About the Future Isn’t Its AI — It’s Paying More Taxes Than You Should
Every October, talk of ghosts, haunted houses, and spooky surprises fills the air. Everyone’s talking about artificial intelligence taking over the future, replacing jobs, and rewriting the rules of the world. But if you’re a business owner, there’s something far scarier than robots—and it’s already lurking in your bank account. It’s the silent, creeping fear […]
Tax Strategies for Halloween: Don’t Let Scary Surprises Haunt Your Finances
Introduction: October Scares Beyond Costumes October is often associated with pumpkins, costumes, and haunted houses. But for business owners and high earners, there is another kind of fright lurking in the shadows—unexpected tax bills. Unlike the Halloween decorations that come down in November, the financial consequences of poor tax planning can linger long after the […]
How to Master Year-End Tax Planning: Expert Advice from John Geantasio, CPA
As the end of the year approaches, it’s easy to get caught up in the holiday season and push financial planning aside. But according to John Geantasio, CPA, this is the perfect time to make smart moves that can lower your tax bill and help you start the next year on stronger financial ground. Many […]
Make Smart Investments Before Year-End to Maximize Your Tax Benefits
By John Geantasio, CPA As the year draws to a close, many people focus on holiday plans, year-end business reviews, or personal resolutions. But smart individuals and business owners know that this is also the most critical window for strategic tax planning. Investing before December 31 can dramatically lower your tax bill, boost long-term financial […]
Cost Segregation Strategies: How to Maximise Real Estate Tax Savings Legally
If you’ve ever invested in a piece of real estate—whether it’s a commercial property, a rental building, or even a mixed-use development—you’ve probably heard about depreciation. But here’s something most investors, especially first-timers, never hear about until it’s too late: cost segregation. This isn’t just some technical loophole used by Fortune 500 companies. This is […]
How to Prepare for the 2026 Tax Season: Key Dates, New Proposals & Tax Strategies You Can’t Miss
If you’ve ever felt like the tax code is always changing just when you’ve finally figured it out—you’re not alone. As someone who’s been in the trenches with clients for over two decades, I can tell you that the biggest tax wins usually don’t come in April. They happen months—sometimes years—before a return is even […]
