Welcome to Eric M Hunt, CPA
You must know how to calculate AGI (Adjusted Gross Income) while filing taxes. It is essential to know your taxable income, and this is done if you know your AGI. In this article, we will share a step-by-step guide on adjusted gross income. We have mentioned the process of calculating AGI, its importance, and common […]
There are many types of tax filing forms in the U.S., and if you want to file a tax form for a partnership, that is Form 1065 (U.S. Return of Partnership Income). This is a very important document that is required while filing for tax on partnership income. Whether you have a general partnership, limited […]
Tax season might end after returns are filed, but for many professionals and taxpayers, the need for assistance continues well beyond that point. Whether addressing notices, checking refund status, or resolving compliance issues, the IRS Practitioner Priority Service Line (PPS) is an essential tool that streamlines communication between tax experts and the IRS. With the […]
You have incredible creative freedom, whether you are an actor, musician, writer, or behind-the-scenes professional. However, it also brings complex tax responsibilities that many freelancers overlook. Missing deadlines, misclassifying income, or failing to track deductions can lead to costly penalties and unnecessary stress. In this guide, we will break down the most common tax mistakes […]
Capital gains tax is very important for business owners, investors, and homeowners. Here, we are sharing a guide on California’s capital gains tax because California is known as the state with the highest tax rate in the United States. Here, we will also understand how capital gains are taxed in California and how it can […]
Estate planning is an essential aspect of financial management, but it is more important for high-net-worth individuals. If you live in California, then you have this question in your mind: whether the state imposes an estate tax and how it could affect your heirs. In this blog, we’ll explore the California estate tax, its implications, […]
If you’re a retiree or soon-to-be retiree in California, you might wonder: Does California tax Social Security benefits? Understanding how your Social Security income is taxed can help you plan your retirement finances more effectively. In this comprehensive guide, we’ll explore: Whether California taxes Social Security benefits How federal taxes on Social Security work Other retirement […]
When dealing with complex tax issues, financial planning, or IRS disputes, you may wonder whether you need a tax attorney or a Certified Public Accountant (CPA). While both professionals specialize in tax-related matters, their roles, expertise, and legal authority differ significantly. This blog will explore the main difference between a tax attorney and CPA, helping […]
As an actor, your life is far from ordinary – and so are your taxes. Whether you are working on setting, auditioning, or building your brand, many tax deductions are available (which you don’t know ) that can significantly reduce your tax burden. If you know what qualifies as a deductible expense can help you […]
If you are running a business, you are mainly focused on running your business effectively and making good profits. But you need a person who can manage your finances, do tax planning and help you save taxes; you don’t want to spend too much time on this task. So, you need a Certified Public Accountant […]
