The Facts CPA
Empowering Individuals and Businesses with Comprehensive Tax Solutions in New York
As a leading tax CPA firm in New York, we offer a comprehensive suite of services to meet the diverse needs of individuals and business owners. Our team is dedicated to providing personalized, strategic, and proactive tax guidance from preparation, to representation, to resolution, to staying compliant and planning to help our clients maximize their financial success.
Our Services
Tax Preparation & Planning
Forensic Accounting
Tax Representation
Litigation Support
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Our Latest News
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The IRS Made a Mistake. You Still Have to Pay.
Here’s a story that should make every business owner pay attention. A company paid its employment taxes on time, filed its Form 941 correctly, and did everything right. Then the IRS made a mistake. The IRS treated the company as being entitled to a COVID Employee Retention Credit it never claimed, assessed the tax liability…
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The IRS Just Made Penalty Relief Automatic. Sort Of.
If you’ve got a clean track record with the IRS, I’ve got some good news for you. The IRS just announced a new program called Automatic Exemption from Penalty (AEP), and it’s replacing the old First Time Abate process that’s been around forever. Here’s the deal. Starting with tax year 2025 and 2026 quarterly returns,…