Category Archives: Key Deductions or Credits

27 March 2020

Resources to Help Navigate the Impacts of COVID-19

Erock Tax has compiled a list of resources for you and your business that we hope you will find helpful as we all navigate through the impacts and changes transpiring from the COVID-19 outbreak. We’ve included information on the federal … Continue reading

10 January 2020

Top 10 Tax Deductions for Small Businesses

As we gear up for tax season and another round of the tax-reform era, here’s what small businesses need to know about tracking and deducting their eligible business expenses. Everything adds up, so be sure to organize and plan accordingly; … Continue reading

18 September 2019

What should I do if I owe Money to the IRS?

When working with tax clients, it is important they understand the difference between the filing of their tax returns and the paying of the tax due on these returns.  These two tasks are mutually exclusive and we certainly get the … Continue reading

25 July 2019

Income Tax cutting strategies for Mid Year 2019

While many tax preparation firms go on vacation after tax season ends, my firm stays busy year round helping clients plan their taxes, budgets, and overall financial lives.  There are often many things one can do to pay less taxes … Continue reading

25 March 2014

Erock CPA Tax Tips – IRS Form 2106 Unreimbursed Business Expenses

Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor “Celebrating 25 Years in the Business” IRS Form 2016 is used if you have expenses that you incur while working as an employee of a firm and you … Continue reading

18 March 2014

Taxes: Raising Revenue by Limiting Tax Deductions

In the never ending battle over taxes, President Obama is lobbying for a 28% limit on some of the deductions we can take on our personal tax returns.  These changes would be in addition to the changes that took effect … Continue reading

1 March 2014

Erock CPA Tax Tips – Have you ever heard of a Positive Audit?

Tax Tips from Stu Steinberg, CPA “Celebrating 25 Years in the Business” Have you ever heard of a positive audit? Don’t laugh. I’d like to ask you a question: Do you have the nagging feeling that you could be doing … Continue reading

22 February 2014

Erock CPA Tax Tips – IRS Form 2441 – Child Care Credit

Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor “Celebrating 25 Years in the Business”  Anyone who has ever had to pay for child care realizes the overwhelming cost.  The IRS shares a little break to us … Continue reading

21 February 2014

Erock CPA Tax Tips – Donating to Charity

Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor “Celebrating 25 Years in the Business” Using the Schedule A of IRS form 1040, taxpayers are allowed to write-off cash and items donated to qualified charities.  The deduction … Continue reading

16 February 2014

Erock CPA Tax Tips – IRS Form Schedule E Rental Income & Expense

 Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor “Celebrating 25 Years in the Business” I have always said that there are two kinds of people, there are real estate investors, and everybody else!  Anyone who invests … Continue reading

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