Frequently Asked Questions

Monaco CPA provides personalized tax preparation and planning. Your CPA knows your name, your situation, and your goals.

No. Monaco CPA is a fully virtual practice. All consultations are conducted via video call or phone, and documents are exchanged securely through the encrypted TaxDome client portal. This means you can work with me from anywhere in New Jersey, or nationwide for many services.

I respond to all client inquiries within one business day. For urgent matters, you can call directly at (862) 320-9554.

Monaco CPA is based in Livingston, NJ and serves throughout New Jersey. For federal tax preparation, bookkeeping, and advisory services, the virtual practice model supports nationwide service. Note: Monaco CPA is licensed in New Jersey and does not hold CPA firm permits in other states. State-specific tax services may be limited depending on your location. Contact us to discuss availability.

Visit the Get Started page and fill out the short intake form. It takes about 3 minutes. I'll personally review your information and send you a clear proposal within 24 hours. No account creation required. For general questions, call (862) 320-9554 or use the contact form.

Ideally, year-round through good record-keeping. But if you're starting fresh, January is a great time to organize documents. I recommend scheduling a consultation before February to support timely filing.

Typically: W-2s, 1099s, mortgage interest statements (1098), property tax records, charitable donation receipts, and any other income or deduction documentation. I provide a personalized checklist during the initial consultation.

Yes. If you live in NJ but work in NY, or have income from multiple states, I handle the multi-state filing and help ensure you receive proper credits to avoid double taxation.

Yes. Whether you need to amend a previously filed return or file returns for prior years, I can help get you current and compliant.

Yes. If you receive a notice from the IRS or the NJ Division of Taxation, I review it, explain what it means, and help you respond appropriately. IRS notice support is included with all tax preparation engagements.

As a licensed CPA authorized to practice before the IRS under Treasury Circular 230, I can represent you during the audit, responding to IRS requests, preparing documentation, and communicating with the IRS on your behalf. Most audits are correspondence audits conducted by mail, but I also handle office and field exams. Contact me as soon as you receive any IRS notice so we can respond within the required deadlines.

It depends on your income level, how you pay yourself, and your growth plans. A thorough analysis of your specific situation drives the recommendation. This is one of the most common and impactful decisions for small business owners.

The Business Alternative Income Tax allows pass-through entities to pay tax at the entity level, effectively working around the federal SALT deduction cap. I analyze whether this election benefits your business and handle the filing if it does.

Yes. Even if you have just one employee (including yourself as an S-Corp owner), payroll needs to be done correctly. I handle businesses of all sizes.

Pricing is based on the complexity and scope of your specific needs. After reviewing your situation, I provide a clear, written quote before any work begins. There are no hidden fees or hourly billing surprises.

Yes. Payment terms are flexible and discussed upfront. I want to make professional CPA services accessible.

None at all. The initial conversation is a chance for both of us to see if we're a good fit. You'll receive a clear, written quote before any work begins. No pressure and no commitment.

All documents are exchanged through the encrypted TaxDome client portal, which uses 256-bit SSL encryption and SOC 2 compliant hosting. I follow strict data handling protocols and never share client information without explicit consent.

Yes. TaxDome uses 256-bit SSL encryption, two-factor authentication, and SOC 2 compliant hosting. Data stored in the TaxDome portal is encrypted both in transit and at rest. Our marketing website (monacocpa.cpa) does not store client financial data.