Your one-stop source for all your business, tax, and bookkeeping needs!Derek Collotta EA, LLC is a one-stop source for all your business, tax, and bookkeeping needs. Our staff of accounting professionals is here to help make the tax return and bookkeeping portion of you and your business as easy as possible. We tailor our services to fit your needs and do not run away when the IRS or State Agency come a calling. At Derek Collotta, EA LLC we know businesses faces an ever-changing and increasingly complex tax environment. It makes us as crazy as you sometimes. That’s why we work with you throughout the year, not just at tax time, to help you structure and implement tax strategies that legally minimize your tax burden. Derek Collotta, EA LLC will take you step by step and implement these structures and strategies in an easy, painless method. Our Staff has developed a professional network of attorneys, financial planners, and payroll services to assist you with your needs.
If you do not file a form 3115 Permanent loss of deductions, penalties, and risk of an IRS audit exists for those who do not file a Form 3115. Under the â€śuse it or lose itâ€ť rules of depreciation, any improperly capitalized (and depreciated) assets or repairs could be permanently lost as a deduction.
The IRS has finally issues a well written easy to understand publication about the affordable care act.Â It is Publication 5187.Â I recommend reading it. Here is link to the publication.Â Just go to google and type "Publication 5187."
Tax preparers who do not have a PTIN (Preparer tax identification number), Tax preparers who do not sign the return, Tax preparers who insist that you mail your own tax return, Tax preparers who promise a higher refund than last year when your situation didnâ€™t change, Tax preparers who want you to s
The next Obamacare controversy is right around the corner. Obamacare enrollees who received subsidies to help pay for coverage will soon have to reconcile how much they actually earned in 2014 with how much they estimated when they applied many, many months ago. This will likely lead to some very un
Businesses that sell marijuana are subject to an onerous tax burden!!! Theyâ€™re taxed on the profits but canâ€™t write off their business expenses other than the cost of the drug. Expenses such as rent and wages arenâ€™t deductible against federal income taxes, even for those sellers that are located in
Tax Services We offer.