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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The “Accidental” Landlord Trap: How a Rental Loss Can Trigger a Massive IRS Tax Bill
Converting a former personal residence into a residential rental property seems like a natural, straightforward way to build long term real estate wealth. However, many property owners learn the hard way that writing off substantial annual rental losses on their tax returns can instantly draw IRS scrutiny and lead to a devastating tax audit. When…
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Concealment FBAR Trap: Why “Hiding from Your Ex” Doesn’t Fool the IRS
Opening a numbered offshore bank account and keeping mail on strict hold sounds like something straight out of an international espionage film. But for one experienced business owner, it was an elaborate strategy designed for a much closer audience, keeping a massive fortune entirely out of his spouse’s reach during a bitter marital dissolution. Naturally,…