Mariya Luqmani, Author at Mariya Luqmani CPA PC

March 25, 2025

Published by Mariya Luqmani on March 25, 2025

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Strategic Retirement Planning: Maximizing Roth IRA Benefits in 2025

Effective retirement planning necessitates leveraging tax-advantaged vehicles. The Roth IRA offers significant potential for tax-free growth and withdrawals, crucial for long-term financial security. Understanding the 2025 […]

March 25, 2025

Published by Mariya Luqmani on March 25, 2025

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Are You Ahead or Behind? A Simple Financial Check-Up for Your Business

When was the last time you took a good, hard look at your business financials? It’s easy to get caught up in the day-to-day, but regularly […]

March 1, 2025

Published by Mariya Luqmani on March 1, 2025

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New York State Pass-Through Entity Tax (PTET) Election: Key Considerations for 2025

As tax season approaches, eligible partnerships and S corporations should prepare for the New York State Pass-Through Entity Tax (PTET) election. The deadline to opt-in for […]

February 24, 2025

Published by Mariya Luqmani on February 24, 2025

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Reduce Your Tax Liability Post-2024: Smart Strategies for Business Owners

As we move into 2025, many business owners are looking back at 2024 and wondering how they can still minimize their tax burden. Smart tax planning […]

December 12, 2024

Published by Mariya Luqmani on December 12, 2024

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How will your choice of entity impact your federal business taxes in 2018 and going forward?

Should you be S Corp, C crop, Sole proprietor or a Partnership? The good news is no matter which form of entity you choose, you will […]

December 12, 2024

Published by Mariya Luqmani on December 12, 2024

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Charity Dollars That Will Actually Save You Tax Dollars With New Tax Laws

With SALT deduction limitation under TCJA for most of the taxpayers charity dollars are not getting deducted. The standard deduction of $24,000 for married filing joint […]

December 12, 2024

Published by Mariya Luqmani on December 12, 2024

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Why To Use Bookkeeping Software That Is Cloud-Based?

Cloud-based bookkeeping software allows you to access your books from anywhere, anytime. You can review your financials and make management decisions on the go from your […]

November 10, 2025

Published by Mariya Luqmani on November 10, 2025

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Building Wealth and Cutting Taxes: A Real Look at Smart Year-End Planning for U.S. Entrepreneurs

For many small business owners, year-end can feel like standing at the intersection of opportunity and overwhelm. There’s revenue to report, bonuses to pay, and—most importantly—strategies to make sure your hard-earned money doesn’t slip away to unnecessary taxes.

November 7, 2025

Published by Mariya Luqmani on November 7, 2025

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Moved Abroad for Work? Don’t Miss These Year-End U.S. Tax Deadlines

Every year, I meet U.S. expats who move abroad excited to start fresh — new country, new job, new opportunities. But there’s one thing that often gets overlooked in the excitement: U.S. tax obligations. If you’ve recently moved overseas for work, this one’s for you.

November 6, 2025

Published by Mariya Luqmani on November 6, 2025

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Italy VAT on Sales by a U.S. Corporation: A Comprehensive 2025 Guide

Understanding When Italian VAT Applies For U.S. companies selling goods or services into Italy, Value-Added Tax (VAT) can apply even without a legal presence in the country. VAT obligations depend primarily on where your customer is established and whether the supply is deemed to take place in Italy under EU VAT rules. Foreign businesses often overlook VAT exposure when expanding into European markets. However, Italy’s tax authority — the Agenzia delle Entrate — enforces strict compliance, making early understanding essential.

November 6, 2025

Published by Mariya Luqmani on November 6, 2025

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Importation Status and Customs in Italy for U.S. Residents and Businesses

Importing goods into Italy from the United States involves navigating a detailed framework of EU customs procedures, import VAT obligations, and business registration requirements. Whether you’re a U.S. individual residing in Italy or a foreign company selling to Italian customers, understanding your importation status, customs clearance responsibilities, and tax recovery options is crucial to ensuring compliance and optimizing costs.

November 6, 2025

Published by Mariya Luqmani on November 6, 2025

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Italy Permanent Establishment (PE) Rules for U.S. LLCs and Corporations

Foreign businesses expanding operations into Italy often face a complex question: When does activity in Italy create a Permanent Establishment (PE)? Understanding Italy’s PE rules is critical for U.S. LLCs and corporations to remain compliant while optimizing cross-border tax exposure

November 6, 2025

Published by Mariya Luqmani on November 6, 2025

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🇮🇹 Italy Tax Considerations for U.S. Persons Residing in Italy

For many U.S. citizens and green card holders, the allure of life in Italy—its culture, cuisine, and charm—comes with an intricate web of cross-border tax obligations. Understanding the Italy–U.S. tax interplay is crucial for compliance and for optimizing after-tax income.

November 5, 2025

Published by Mariya Luqmani on November 5, 2025

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The 401(k) Beneficiary Trap: How One Blank Line Could Cost You Tens of Thousands in Taxes

When it comes to financial planning, few things are as deceptively simple — yet potentially disastrous — as a missing name on a beneficiary form. One client’s experience illustrates how a single blank line on a 401(k) form led to an unexpected $70,000 tax bill, turning what should have been a smooth inheritance into an expensive lesson.

November 3, 2025

Published by Mariya Luqmani on November 3, 2025

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Real Estate Tax Deductions: How Agents and Brokers Can Stop Losing Thousands Every Year

As a tax professional who works closely with real estate agents, brokers, and investors, I’m constantly reminded how even the most successful professionals can lose thousands of dollars in missed deductions — often without realizing it.

October 31, 2025

Published by Mariya Luqmani on October 31, 2025

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Understanding Foreign Income for U.S. Expats: A CPA’s Guide to Staying Compliant

Living and working abroad offers exciting opportunities for career growth, lifestyle experiences, and financial diversification. However, for U.S. citizens and green card holders, earning foreign income comes with unique tax obligations that are often misunderstood or overlooked. As a CPA with over 20 years of experience helping U.S. expats navigate complex tax rules, I’ve seen firsthand how even minor missteps in reporting foreign income can lead to penalties, interest, or missed tax benefits. This guide explains what counts as foreign income, how it is taxed, and key strategies for staying compliant while maximizing benefits.