Tax Tips

Why you want to file your tax return on time, or request an extension, even if you can’t pay the full amount due. The benefits of doing so can help to avoid added interest and penalties, the possibility of losing future refunds to pay back prior taxes owed, and to safeguard your credit if the IRS files a tax lien against you. Please call EG Tax to prepare any years tax returns, for both IRS and all states at 716-632-7886.

REMINDER: The IRS and NY will send out letters if they have questions or issues with your tax return, they will not send emails or call you. If you are not sure EG Tax is more than happy to review any documents that you might be questioning.

If you get a letter from the IRS, NY State or other state you might be working in, Don’t Panic and Don’t Ignore It.  It is not a good idea to handle it on your own either.  Please speak to a tax professional at EG Tax. The IRS has been sending out identity letters to … Read More

Now is the time to get a tax checkup!!

If you are concerned with a change in your income due to retiring, or maybe an increase in your income from a new job. Maybe you owed money this past tax year and want to make sure you are withholding more.  You can call our office to schedule a half year review and make sure next tax season goes a little more smoothly.

Energy Credit for 2023 through 2032:  30%, up to a maximum of $1,200 per year, no lifetime limit.  The old credit gave you a lifetime credit of up to $500.  The items you can take credit for are:  windows, doors, hot water tank, furnace and insulation on a preexisting personal residence.  (biomass stoves and boilers … Read More