Welcome to Eric M Hunt, CPA
Filing your California state tax return online sounds simple – until you actually sit down to do it. You open a portal, see multiple forms, different numbers than your federal return, and suddenly, you are second-guessing everything. Most people do not struggle because filing is hard – they struggle because they do not know the […]
The One Big Beautiful Bill Act (OBBBA) has upheld significant changes to meal and entertainment deductions that will take effect on January 1, 2026. If your business regularly provides in-office meals, breakroom snacks, or operates an employee cafeteria, you must adjust your tax planning and accounting procedures before the end of the current year. Below […]
A prominent professional actress recently incurred approximately [$20,000.00] for haute couture, evening gowns, and related formal apparel. These garments were purchased exclusively for mandated promotional appearances, press junkets, and red-carpet events during the 2026 awards season, including the SAG Awards, BAFTA, Golden Globes, and the Oscars. Her appearances directly supported the marketing and promotional obligations […]
You are probably waiting for your tax refund if you have already filed your California taxes. Whether checking your California tax refund status or wondering how long it takes to receive a tax refund, this guide covers everything you need to know. From tracking your California state refund to possible delays, we will help you […]
Moving to Mexico as an American expat sounds like a dream – sunny beaches, vibrant culture, and affordable living. But let’s be real: taxes don’t disappear just because you’ve swapped snow for salsa. If you’re a US citizen or green card holder, Uncle Sam still expects you to file, no matter where you live. And […]
President Trump’s administration introduced a new tax legislation called the One Big Beautiful Bill Act (OBBBA). It will take effect in 2025. The House and Senate have proposed significant changes to the bill that could impact estate planning, post-retirement strategies, income tax, and more. That’s why you should stay informed about these changes, as they […]
The 2025 reconciliation bills represent a significant shift in the US tax code. These bills will have a substantial impact on individuals, businesses, and the energy sector. This blog will walk you through the major changes in the tax system, compare the House and Senate bills, and explain how these shifts could affect taxpayers. The […]
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 […]
Gratuity is a financial benefit that is provided by employers to employees as a token of appreciation for their long-term service. It is a common practice in many industries where employers reward employees for their loyalty and dedication. Now, one question comes to everyone’s mind: Do you pay tax on gratuity? This blog provides a […]
