Gail Rosen CPA

Gail Rosen CPA

Gail Rosen CPA PC Our CPA firm focuses on all of the tax & accounting needs for businesses and individuals. We take pride in our reputation for outstanding service, keen expertise, and insightful business consulting.

Our team of expert accountants has worked in close partnership with our clients to achieve success. We are conveniently located in central NJ and look forward to helping you with all of your tax and accounting needs. Leadership








Gail Rosen in the News



7/31/2012


7 Ways to Save on Your 2012 Business Taxes, Reduce Audit Risk

-About.com



1/25/2011


Develop a Tax Strategy

-Inc. Magazi

Operating as usual

Risky business: Clients who are new entrepreneurs 04/14/2022

Risky business: Clients who are new entrepreneurs

Prospective owners that select their own entity may not choose what is best for them. “We may be able to correct their mistakes. but they may pay more $ than if they would have engaged us from the beginning,” Gail Rosen, a CPA in Martinsville, NJ

http://ow.ly/tabb50IKpfm

Risky business: Clients who are new entrepreneurs Practitioners share what those who want to start their own business know — and don’t know.

How can I lower my tax bill on a winning investment? - NJMoneyHelp.com 04/05/2022

How can I lower my tax bill on a winning investment? - NJMoneyHelp.com

#Tax question I got > Can I lower my 2021 #taxes since the investment is worth less in 2022?
http://ow.ly/ppua50IAlx1

How can I lower my tax bill on a winning investment? - NJMoneyHelp.com If you've made money, you're going to have to pay the tax.

8 Ways Your Tax Return Might Look Different Because of COVID 04/01/2022

8 Ways Your Tax Return Might Look Different Because of COVID

http://ow.ly/y75t30sg8xq

For 2021 only, you can get a #tax credit of up to $8,000 for daycare expenses. “This is one item you certainly do not want to miss,” says Gail Rosen, a CPA in Martinsville, NJ.

8 Ways Your Tax Return Might Look Different Because of COVID Wait, when are taxes due? It might be sooner than you think.

IRS has $1.5 billion in refunds for people who have not filed a 2018 federal income tax return; April deadline approaches | Internal Revenue Service 03/31/2022

IRS has $1.5 billion in refunds for people who have not filed a 2018 federal income tax return; April deadline approaches | Internal Revenue Service

Haven’t filed your 2018 #tax return yet > file by April 18th or else most will lose any refund their entitled to.
http://ow.ly/2hUw30sg3oa

IRS has $1.5 billion in refunds for people who have not filed a 2018 federal income tax return; April deadline approaches | Internal Revenue Service IR-2022-66, March 25, 2022 — Unclaimed income tax refunds totaling almost $1.5 billion may be waiting for an estimated 1.5 million taxpayers who did not file a 2018 Form 1040 federal income tax return, but people must act before the April tax deadline, according to the Internal Revenue Service.

IRS reminder to many retirees: April 1 is last day to start taking money out of IRAs and 401(k)s | Internal Revenue Service 03/29/2022

IRS reminder to many retirees: April 1 is last day to start taking money out of IRAs and 401(k)s | Internal Revenue Service

Did you turn age 72 during the last half of 2021? This Friday, April 1st, is the last day to take your required payment from your IRA or 401k. #tax
http://ow.ly/8w4s30sfKXL

IRS reminder to many retirees: April 1 is last day to start taking money out of IRAs and 401(k)s | Internal Revenue Service IR-2022-69, March 25, 2022 — The IRS today reminded retirees who turned 72 during the last half of 2021 that, in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.

IRS criminal investigators catch $1.8B in COVID fraud 03/25/2022

IRS criminal investigators catch $1.8B in COVID fraud

#IRS caught 660 people who fraudulently got PPP loans totaling $1.8B.
http://ow.ly/QME130sfpp5

IRS criminal investigators catch $1.8B in COVID fraud The CI division has conducted more than 660 investigations over the past two years.

IRS plans to hire thousands likely to fall short 03/20/2022

IRS plans to hire thousands likely to fall short

Report shows that last year the #IRS met only 67% of its hiring goal.

http://ow.ly/j7Ys50IntpV

IRS plans to hire thousands likely to fall short A new report reveals that the service met only 67% of its hiring goals for last year in a key area.

IRS plans to improve taxpayer service with budget increase 03/18/2022

IRS plans to improve taxpayer service with budget increase

7% of all #IRS audits are focused on #taxpayers who more than $10M a year.
http://ow.ly/iu6g30seHEk

IRS plans to improve taxpayer service with budget increase Internal Revenue Service Commissioner Charles Rettig pledged to do more to improve taxpayer service after Congress approved a $675 million funding increase.

The I.R.S. plans to hire 10,000 workers to clear a tax return backlog. 03/12/2022

The I.R.S. plans to hire 10,000 workers to clear a tax return backlog.

#IRS has a backlog of 20 million filings from last year. Hope they find employees!
http://ow.ly/Xjbh50Ih4Hl

The I.R.S. plans to hire 10,000 workers to clear a tax return backlog. More than 20 million returns remain unprocessed, the agency said.

How can I lower my tax bill on a winning investment? 02/28/2022

How can I lower my tax bill on a winning investment?

If you have a capital gain in 2021; is there anything you can do now to lower your #taxes?
http://ow.ly/Vg7P50I4K5w

How can I lower my tax bill on a winning investment? If you've made money, you're going to have to pay the tax.

New Jersey Society of CPAs Reminds Small Business Owners About Tax-Saving Benefits of the New Pass-Through Law 02/20/2022

New Jersey Society of CPAs Reminds Small Business Owners About Tax-Saving Benefits of the New Pass-Through Law

I suggest > Single member LLC entities in #NJ consider switching to a Partnership LLC or S Corp entity. This would change NJ income tax to be an allowable #tax deduction (due to #NJBAIT legislation).
http://ow.ly/NeYx30sbcVU

New Jersey Society of CPAs Reminds Small Business Owners About Tax-Saving Benefits of the New Pass-Through Law The switch to a pass-through entity, as opposed to a C corporation, where long-term double taxation can be expensive, has other benefits, such as reducing the chances of an audit if the business owners file their taxes as a partnership versus a single own

Advisors Say Clients Still Need To Prepare For Biden Tax Changes 02/15/2022

Advisors Say Clients Still Need To Prepare For Biden Tax Changes

“Now that the Build Back Better plan has become so uncertain, most of our clients are moving along as always. I’d say our clients have become used to uncertainty" said Gail Rosen, CPA

http://ow.ly/tjPR50HUQ0X

Advisors Say Clients Still Need To Prepare For Biden Tax Changes There's still a chance that the president's tax reforms get pushed through Congress, they say.

The $8,000 child tax credit that many parents may not know about 02/14/2022

The $8,000 child tax credit that many parents may not know about

This miss this $8,000 #tax for child care expenses you paid in 2021 http://ow.ly/Uxu630sajWN

The $8,000 child tax credit that many parents may not know about The American Rescue Plan gave a one-year boost to a tax credit aimed at helping parents who pay for child care.

Amy Schneider Faces Tax Bill of Over $630,000 After Record Jeopardy Win 02/02/2022

Amy Schneider Faces Tax Bill of Over $630,000 After Record Jeopardy Win

Jeopardy winner faces #tax bill of 45% of her winnings….. she lives in California.
http://ow.ly/ZjK230s9osT

Amy Schneider Faces Tax Bill of Over $630,000 After Record Jeopardy Win The champion will owe both federal and state levies on her winnings of almost $1.4 million.

What will we owe in taxes on the sale of our N.J. home? - NJMoneyHelp.com 02/02/2022

What will we owe in taxes on the sale of our N.J. home? - NJMoneyHelp.com

Can you pay zero #tax on your gain of your Florida home?
http://ow.ly/OwyW50HJsB8

What will we owe in taxes on the sale of our N.J. home? - NJMoneyHelp.com The sale of a home may increase your taxable income.

Are taxes owed when you invest in a Roth IRA? - NJMoneyHelp.com 01/31/2022

Are taxes owed when you invest in a Roth IRA? - NJMoneyHelp.com

No double #taxation here!
http://ow.ly/4FwQ50HHsFc

Are taxes owed when you invest in a Roth IRA? - NJMoneyHelp.com You only pay tax when you take distributions from a traditional IRA.

AICPA Releases Response to IRS Announcement on Relief for Automated Notices — Current Federal Tax Developments 01/28/2022

AICPA Releases Response to IRS Announcement on Relief for Automated Notices — Current Federal Tax Developments

Good news > #IRS will stop some of the annoying automated #tax notices to avoid unnecessary contact with the agency.
https://www.currentfederaltaxdevelopments.com/blog/2022/1/27/aicpa-releases-response-to-irs-announcement-on-relief-for-automated-notices

AICPA Releases Response to IRS Announcement on Relief for Automated Notices — Current Federal Tax Developments The AICPA released what is, fundamentally, a critical response to the IRS statement on offering relief to taxpayers for automated notices, [1] stating “[t]he American Institute of CPAs (AICPA) believes this action is a positive first step, but believes that more should be and could be done by the ...

When can a startup start deducting expenses? 01/26/2022

When can a startup start deducting expenses?

Start-up businesses are not allowed #tax deductions for start-up costs until #business truly starts.
http://ow.ly/79fN30s8ysf.

When can a startup start deducting expenses? A Tax Court case illustrates the complexity of deciding when, exactly, a business becomes a good concern in the eyes of the IRS.

N.J.’s 529 plan now offers a tax break, but is it enough of an incentive? 01/17/2022

N.J.’s 529 plan now offers a tax break, but is it enough of an incentive?

Starting in 2022, you might be eligible for a NJ #tax deduction for 529 contributions to #NJ 529 plan … but watch out for high plan fees.
http://ow.ly/zghy30s7x5J

N.J.’s 529 plan now offers a tax break, but is it enough of an incentive? Advisers criticize the plan for higher-than-average fees and limited investment selections.

Taxpayer Advocate warns of tax refund delays this season 01/13/2022

Taxpayer Advocate warns of tax refund delays this season

Delays in receiving your #tax refund expected this year due to staff shortage + complexities in tax law.
http://ow.ly/fyZz30s78tU

Taxpayer Advocate warns of tax refund delays this season National Taxpayer Advocate Erin Collins expressed deep concerns Wednesday about the upcoming tax filing season in her annual report to Congress on the 2021 filing season.

Tax season to start on Jan. 24 01/11/2022

Tax season to start on Jan. 24

#Tax season about to start + #IRS expects to process electronically filed refunds within 3 weeks.
http://ow.ly/GOQF30s6UJi

Tax season to start on Jan. 24 The IRS will begin processing and accepting 2021 returns on Monday, Jan. 24, with a filing deadline of Monday, April 18.

Customer Service at the IRS Is So Bad, Even Tax Pros Are Fed Up 01/07/2022

Customer Service at the IRS Is So Bad, Even Tax Pros Are Fed Up

I agree with this! http://ow.ly/JM7p30s6u09

Customer Service at the IRS Is So Bad, Even Tax Pros Are Fed Up As tax season approaches, the agency is short-staffed, underfunded, and so overwhelmed with calls that even a phone number for VIPs is a bust.

01/01/2022

Is #NJ #tax filing fee paid of $150 per partner fair? < Court may hear case soon to decide!
http://ow.ly/PBIJ30s5PhT

IRS Further Extends Tax Deadlines for Those Affected by Hurricane Ida 12/24/2021

IRS Further Extends Tax Deadlines for Those Affected by Hurricane Ida

If you were victim of Hurricane Ida + live in NJ, NY, CT, PA, LA + MS you now have till Feb 15, 2022 to file your 2021 taxes.

http://ow.ly/TXuz50Hivct

IRS Further Extends Tax Deadlines for Those Affected by Hurricane Ida Victims of Hurricane Ida in six states now have until Feb. 15, 2022, extended from Jan. 3, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced.

Do I have to withhold taxes from my IRA distribution? - NJMoneyHelp.com 12/22/2021

Do I have to withhold taxes from my IRA distribution? - NJMoneyHelp.com

#IRA's are subject to mandatory 10% #tax withholding that you can change.
http://ow.ly/6nPe50HfP2Q

Do I have to withhold taxes from my IRA distribution? - NJMoneyHelp.com The best plan will be based on your actual tax liability.

The big comeback: Tax pros look at returning to the office 12/20/2021

The big comeback: Tax pros look at returning to the office

#Accounting firms reporting that 2/3 of their staff were working full time in the office. #tax
https://www.accountingtoday.com/news/the-big-comeback-tax-pros-look-at-returning-to-the-office

The big comeback: Tax pros look at returning to the office Whether and how to bring staff and clients back into one place elicits mixed feelings from practitioners.

Help save local news: Give subscribers a tax break | Editorial 12/15/2021

Help save local news: Give subscribers a tax break | Editorial

Bill to help the journalism business > a $250 #tax deduction on your state return if you subscribe to a NJ paper or digital publication.

http://ow.ly/g36M50HaPoA

Help save local news: Give subscribers a tax break | Editorial As newspapers rely more on circulation revenue and fight to hold onto readers, providing subscribers with a tax break will help both them and the newspaper.

Most married couples file taxes jointly, but my husband and I benefit in 3 major ways from filing separately 12/13/2021

Most married couples file taxes jointly, but my husband and I benefit in 3 major ways from filing separately

I share that if you do file joint #taxes, the IRS can come after both spouses for any taxes owed.
http://ow.ly/bGUF50H5KvW

Most married couples file taxes jointly, but my husband and I benefit in 3 major ways from filing separately Jen Glantz and her husband file taxes separately so they can stay financially independent, though filing jointly makes more sense for most couples.

Will 2022 be the year of the accountant? 12/12/2021

Will 2022 be the year of the accountant?

Wow... the public will views us #accountants in 2022 as Action Heroes! #tax
http://ow.ly/v8Y550H8gL7

Will 2022 be the year of the accountant? The IMA hopes that next year the public will come to view accountants as action heroes, helping them meet the many difficulties confronting society.

I’m a senior. Will I have to pay taxes on this stock sale? 12/10/2021

I’m a senior. Will I have to pay taxes on this stock sale?

For 2021 ... the #NJ pension exclusion increased to $150k subject to a phase-out formula.
http://ow.ly/BQpI50H5Kht

I’m a senior. Will I have to pay taxes on this stock sale? When you sell stock, you will probably owe capital gains taxes.

How Your Clients Should Be Preparing For The Next Tax Deadline 11/16/2021

How Your Clients Should Be Preparing For The Next Tax Deadline

“If you’re going to hire a #tax professional for your 2021 preparation,” Rosen said, “start looking now. There’s a shortage of accountants.
http://ow.ly/iI8C50GOkIR

How Your Clients Should Be Preparing For The Next Tax Deadline These are the steps advisor's clients should be taking to avoid last-minute problems, tax planners say.

New Higher Estate And Gift Tax Limits For 2022: Couples Can Pass On $720,000 More Tax Free 11/15/2021

New Higher Estate And Gift Tax Limits For 2022: Couples Can Pass On $720,000 More Tax Free

The estate + gift tax exemption climbs to $12.06 million per individual for 2022 deaths, up from $11.7 million in 2021

http://ow.ly/C1Yl30s0uGl

New Higher Estate And Gift Tax Limits For 2022: Couples Can Pass On $720,000 More Tax Free The new numbers essentially mean that wealthy taxpayers can transfer more to their heirs tax free during life—or at death. A lot more.

IRS adjusts tax levels for inflation in 2022, raises standard deduction 11/13/2021

IRS adjusts tax levels for inflation in 2022, raises standard deduction

The annual gift #tax exclusion will increase to $16,000 in 2022 (up from 15,000 in 2021).
http://ow.ly/yC5r30s0uFk

IRS adjusts tax levels for inflation in 2022, raises standard deduction The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers.

IRS sent thousands of premature tax collection notices during pandemic 09/21/2021

IRS sent thousands of premature tax collection notices during pandemic

#Many #IRS #tax notices are incorrect! You and/or your #accountant should review any requests from the #IRS before you pay.

http://ow.ly/XkrD30rUCmM

IRS sent thousands of premature tax collection notices during pandemic The Internal Revenue Service mailed out nearly 90,000 premature notices and demands for overdue taxes to taxpayers last year, even though the filing date had been extended.

The Latest IRS Headache for Taxpayers: 11 Million ‘Math Error’ Notices 09/19/2021

The Latest IRS Headache for Taxpayers: 11 Million ‘Math Error’ Notices

This year the #IRS is sending out record # of #tax notices (11M so for for 2020 vs 765k for 2019). Increase mainly due to errors in claim for stimulus payment.
http://ow.ly/EOrN30rUqOt

The Latest IRS Headache for Taxpayers: 11 Million ‘Math Error’ Notices Tax changes like the ones brought by last year’s stimulus payments often trigger a surge in such problems; addressing them can lead to headaches for taxpayers

Telephone

Website

gailrosencpa.com

Address


2032 Washington Valley Rd
Martinsville, NJ
08836

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Other Martinsville businesses (show all)
The Helpful Neighbor The Helpful Neighbor
Martinsville, 08836

Wild Iris Music Wild Iris Music
Martinsville

Hi-Fi sound on a DIY budget Email [email protected] for booking, requests, and information.

Healing Light Equine Reiki Healing Light Equine Reiki
1337 Mallard Dr
Martinsville, 08836

Reiki is an energy healing modality that is used in over 800 hospitals in the U.S. It promotes healing, reduces stress and helps with focus and relaxation

Jersey Peak Media Jersey Peak Media
1944 Washington Valley Road
Martinsville, 08836

Jersey Peak Media is a Mobile Advertising Company. The most effective form of visual marketing.