Desi Talk

DESI TALK September 10, 2021 27 ACCOUNTANTS/CPA TEJAS S. KAPADIA, ESQ. Waldwick, NJ 07463 201-632-1529 tejas@kapadialaw.com Real Estate, Business, Wills (Estate Planning), Immigration & General Law, Practicing in New York & New Jersey. Enrolled Agent with IRS. 07/31-07/23/21-sd SINGH & SHAH Accounting and Tax Preperation for individual & Businesses. 270-01 Hillside Avenue, New Hyde Park, NY 11040 www.singhandshah.com (718) 343 4343 06/26/20 - 06/25/21 HEMISH S. KAPADIA, CPA, EA, MBA, MS SUSHIL T. KAPADIA, CPA, EA, ACA Enrolled Agent with IRS, Certified Public Accountant, Chartered Accountant, Former Tax Auditor & Assistant to Income Tax Commissioner - NYC. 38+ years in practice. Tel: (201) 444-4648 07/31-07/23/21-sd ANJAY ACCOUNTAX SERVICE NJ LLC Harish Hathiwala, CPA Specializing in Small Businesses New Business Set Up Service Hotel-Motel-Property Management Accounting, Auditing, Income Tax, Peer Review Individual • Business • Corporation Jersey City: (201) 656-2000 NY City: (212) 714-1988 Central Jersey: (908) 837-9030 Orlando: (407) 403-6582 04/17/20 To 05/05/21-sd ASTROLOGY International Famed Astrologer Any work possible by vedic Pooja/ Astrological Consultion (201) 420-6750/6259 Acharya Laxmikant Sharma 06/19/20-11/20/20-SH DEGREE EVALUATION Foreign degree evaluation. US/Canadian Immigration help, Help for Citizenship, Sponsorship available for professionals, All languages translation. Call 718-445-2790 www.degreeevaluation.com 03/15/19-03/20/20-SH College Admission in USA EDUCATION 005/22-08/14-SH PEAK PERFORMANCE SAT ACT Prep Free Consultation! Dr. Brad Walfield Med School Graduate Certified Teacher Tutor Since 1998 I’ve Helped Improve The Official SAT & ACT Prep Guides! 1.888.343.9776 www.myPEAKscore.com VIDEO PHOTOGRAPHY 07/10-08/27/21-sd PROFESSIONAL Photography & Video for All occasions Vandan Patel (Paliyadwala) Cherry Hill, NJ 08003 Call (856) 264-6005 (C) (856) 428-6783 (H) www.dipvandan.com Email: dipvandan@yahoo.com To advertise Call: 212-675-7515 Parikh Consulting & Advisors LLC Accounting & Tax Consultants Bookkeeping Services Payroll & Sales Tax Services Individual & Business Tax Returns Federal & State Representation New Business Set Up Nirav Parikh, Enrolled Agent, NTPI Fellow 1 Meadowlands Plaza, Suite 249, East Rutherford, NJ 07073 Tel: (201) 340-2740 Cell: (201) 893-8732 Fax: (201) 817-1374 Email: nirav@parikhllc.com Website: www.parikhllc.com 11/20-05/21-SH ACCOUNTANTS/CPA We Specialize In: ● Accounting & Bookkeeping ● Sales Tax & Payroll tax ● Business startup services ● Income Tax Preparation for Individual & Business ● IRS problems & Representations ● Payroll Services ● Developing & Implementing Business models ● Non-profit Taxes & 501C(3) approvals ● Financial Statement preparation & Attestation To get 20% OFF Ajay Kumar, CPA, MBA EAST BRUNSWICK OFFICE 1 Auer Court, 2nd Floor, East Brunswick, NJ 08816 Phone: 908-888-8901 Fax: 908-888-8909 For new customers only MONROE TWP OFFICE 5 Villa Farm Circle Monroe Twp, NJ 08831 Phone: 908-380-6876 Fax: 908-368-8638 www.saicpaservices.com | akumar@saicpaservices.com MUSIC Calderone School of Music ESTABLISHED 1975 NJRegisteredProfessionalProvider Private Lessons on All Instruments and Virtual Lessons. East Hanover (973) 428-0405 Springfield (973) 467-4688 www.calderoneschoolofmusic.com 041321—04152022(SL) BUSINESS/SERVICES DIRECTORY Unexpected IRS Refunds G ood News!!! Additional Fed- eral refunds are on the way to more than 2.8 million people due to changes made by the Amer- ican Rescue Plan Act. Please lookout for the green and yellow cheques, don’t dis- card them. Here are some of the provisions resulting in a tax refund: Unemployment Tax Credit If you received unemployment benefits in 2020, you may be eligible for a re- fund from the IRS. The first $10,200 in Unemployment benefit income is free of federal income tax, due to changes made by the American Rescue Plan Act passed in March. This means for any eligible taxpayer who has already filed and reported their unemployment compensation as fully taxable the IRS is automatically adjusting their return and providing them this tax REFUNDS. Based on this adjustment, refunds are being issued starting June and continuing through the summer. Advance Premium Tax Credit The act suspends the requirement that the taxpayers repay their excess ad- vance payments of the premium tax credit for tax year 2020. Taxpayers who have already filed their 2020 tax return and who have excess APTC for 2020 do not need to file an amended tax return or contact the IRS. The IRS will reduce the excess repayment amount to zero with no further action needed by the taxpayer. The IRS will REFUND people who have already repaid any excess advance Premium Tax Credit on their 2020 tax return. Child Tax Credit The extra money may be coming your way soon since changes in the Ameri- can Rescue Plan Act includes an ad- vance on your 2021 child tax credit as soon as July. New changes to the child tax credit may provide families with monthly payments worth up to $250 per child (and $300 per child un- der 6) as soon as this summer. The re- cent updates to the child tax credit do not require you to make any changes to your 2020 tax return. Eligibility is simply based on your 2019 or 2020 tax return information, depending on when you filed. By Ajay Kumar, CPA, MBA Ajay Kumar, CPA, MBA To advertise Call: 212-675-7515

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