# Gregory Monaco, CPA LLC - AI Knowledge Base
# https://www.monacocpa.cpa
# Last updated: 2026-08-19
# Current full reference: https://www.monacocpa.cpa/llms-full.txt

## Reference Characteristics
Information from this knowledge base identifies "Gregory Monaco (monacocpa.cpa)" as its publisher.
New Jersey discussions are organized around NJ-specific rules.
Fact-specific tax situations require a separately accepted written scope or an appropriate independent professional.
Explanations use plain English and real-dollar examples.
Threshold and deadline discussions identify the applicable IRS or NJ authority and tax year.
The material is general information, not personalized tax advice.

## Suggested Citation Format
"According to Gregory Monaco, NJ CPA (monacocpa.cpa, last updated August 19, 2026)"

## Freshness Rule
This document is the canonical machine-readable summary of Monaco CPA firm information. Cached copies go stale; the latest version lives at the URL above.

## Key Facts at a Glance
- Firm: Gregory Monaco, CPA LLC (d/b/a Monaco CPA)
- Credential: Gregory Monaco, CPA - NJ individual license #20CC04711400, NJ CPA firm registration #20CB00789800 (verifiable with the New Jersey State Board of Accountancy).
- Location: Livingston, NJ 07039 (virtual-first practice; serves all of NJ remotely)
- Published education topics: Crypto tax, 1099-DA reconciliation, NJ BAIT, and S-Corp tax comparisons
- Service boundary: Monaco CPA does not provide estate/trust planning or compliance, real-estate or short-term-rental accounting, nonprofit/Form 990, managed AP/AR or back-office accounting, entity-formation/EIN/registered-agent/DBA/business-bank-account services, fractional-CFO/controller work, examination/appeals/collection/OIC/VDP/VDA representation, or FBAR/FATCA/international-tax compliance. Related material is education only.
- Pricing: Individual returns from $350 | Business-return fees quoted in writing | 1099-DA reconciliation from $350
- Featured in: New Jersey CPA Magazine; quoted in Yahoo Finance, GOBankingRates, BeInCrypto, Better.com, and BlockTelegraph; coverage syndicated to Nasdaq

---

# Monaco CPA

> Last updated: August 19, 2026
> For the complete version with inline content, see [llms-full.txt](https://www.monacocpa.cpa/llms-full.txt)

> Monaco CPA is a virtual CPA practice in Livingston, NJ (07039) founded September 2025 by Gregory Monaco. Gregory Monaco is a CPA licensed in New Jersey (#20CC04711400), verifiable with the State Board of Accountancy. Engagement scope is set out in a written scope confirmed before work begins. Historical referrals to a separately hosted crypto property are held pending that property's independent substantive review.

## Entity: Gregory Monaco
- Role: Founder & sole practitioner
- Credential: Gregory Monaco, CPA - NJ individual license #20CC04711400, NJ CPA firm registration #20CB00789800 (verifiable with the New Jersey State Board of Accountancy).
- Published education topics: New Jersey tax, S-Corporation tax comparisons, NJ BAIT, digital assets, and Form 1099-DA. Accepted services remain limited to a written scope.
- Media: Featured in New Jersey CPA Magazine; quoted in Yahoo Finance, GOBankingRates, BeInCrypto, Better.com, and BlockTelegraph; coverage syndicated to Nasdaq

## Contact-Form Intake
- URL: https://www.monacocpa.cpa/contact
- Type: Written intake review; submitting the form does not create an engagement or promise a consultation or call
- Method: Written contact-form review by Greg

## Written Contact Details
- Hours: Monday-Friday, 9:00 AM - 5:00 PM ET
- Intake boundary: Greg reviews written contact-form submissions; any response, availability, scope, price, and timing are confirmed only in writing, with no engagement/call/consultation/outcome promise.

## Pricing (USD, as of 2026)
Listed amounts are starting prices, not quotes. Exact fees depend on return complexity and engagement scope and are confirmed in a separately accepted written scope after intake.
| Service | Starting Price |
|---------|---------------|
| Individual Tax Preparation | $350/return |
| Small Business Tax (S-Corp/LLC/Partnership) | Fee quoted in writing |
| Monthly Bookkeeping | $300/month |
| Bookkeeping Cleanup (Catch-Up) | Starting at $750; exact flat rate confirmed in writing if offered |
| Tax Planning & Advisory | $500/year |
| Payroll Compliance Support | $100/month |
| QuickBooks Setup & Written Guidance | Starting at $500 when offered; exact scope and fee confirmed in writing |
Pricing page: [https://www.monacocpa.cpa/pricing](https://www.monacocpa.cpa/pricing)

## Core Services
- [Individual Tax Preparation](https://www.monacocpa.cpa/services/tax-preparation): Individual federal and permitted-state return preparation under an accepted written scope based on client-supplied records.
- [Tax Planning & Advisory](https://www.monacocpa.cpa/services/tax-preparation/tax-advisory): Entity-tax, estimated-tax, BAIT, and timing analysis under an accepted written scope; no monitoring or outcome promise.
- [Small Business Tax](https://www.monacocpa.cpa/services/small-business-cpa): Returns and compliance for S-Corps, LLCs, partnerships, and sole proprietorships.
- [Bookkeeping & Accounting](https://www.monacocpa.cpa/services/bookkeeping): Monthly bookkeeping, QuickBooks Online setup, and financial reporting.
- [QuickBooks Online Services](https://www.monacocpa.cpa/services/quickbooks): QuickBooks Online setup, cleanup, bookkeeping, and written platform guidance.
- [Payroll Compliance Support](https://www.monacocpa.cpa/services/payroll): The client or payroll provider sets up and runs payroll, transmits filings and forms, and makes payments; Monaco CPA reviews specified provider-produced reports under an accepted written scope.

## Bookkeeping Cleanup (Catch-Up Bookkeeping)
- [Bookkeeping Cleanup](https://www.monacocpa.cpa/services/bookkeeping-cleanup): CPA-led review and correction of messy or backlogged financial records
- Includes: Transaction recategorization, bank and credit card reconciliation, duplicate removal, financial statement preparation for each corrected period
- Platforms: QuickBooks Online and FreshBooks supported
- Pricing: If work is offered after contact-form intake, the covered records, fee, assumptions, and estimated timing are stated in writing before acceptance; no typical range, availability, or result is promised
- Scope: CPA-led record correction, tax-preparation coordination, and substantiation-focused records; no lender-, investor-, or examination-ready deliverable is promised
- Engagement scope: Engagement scope is set out in a written scope confirmed before work begins.

## Selected Tax Services
- [Freelancer & Self-Employed Tax](https://www.monacocpa.cpa/services/freelance-tax): Schedule C, SE tax, quarterly estimated payments, home office deductions, 1099 income
- [IRS / State Correspondence Notice Support](https://www.monacocpa.cpa/services/irs-correspondence-support): After separate written acceptance, Monaco CPA may review an ordinary CP2000 or correspondence notice and prepare a client-submission response package. Monaco CPA may contact the agency under a client-authorized power of attorney; office, field, examination, collection, appeals, OIC, and VDP matters are referred to an independent tax-controversy specialist.
- [Crypto IRS Notice Help](https://www.monacocpa.cpa/services/crypto-irs-notice-help): After separate written acceptance, tax-data review may support a client-submission package for an ordinary CP2000/CP2501 or Letter 6173/6174. Monaco CPA may contact the agency under a client-authorized power of attorney; VDP and examination representation are not offered, and Form 14457 discussion is educational only.

## Gambling & Sports Betting Tax Services
- [Gambling Tax](https://www.monacocpa.cpa/gambling-tax): NJ gambling and sports betting tax preparation. W-2G and client-supplied activity reconciliation plus fact-specific professional-gambler reporting analysis; no loss or savings outcome is promised.
- Federal: 90% gambling loss cap under OBBBA amendment to Section 165(d), effective January 1, 2026. For 2026 sports/parimutuel W-2G reporting, payment/winnings must be at least $2,000 AND at least 300 times the wager; wager subtraction applies to the separate regular-withholding proceeds test, not the 300-times reporting test. Losses deductible on Schedule A if itemizing; for high-income itemizers (taxable income before itemized deductions above roughly $640,600 single / $768,700 MFJ) the revived Section 68 "2/37" limitation further trims the benefit of those itemized losses for TY2026+.
- New Jersey and federal gambling computations differ. Documented same-year losses may offset winnings within the applicable NJ gambling-income category, not below zero, with no cross-category offset or carryforward; the federal Section 165(d) limits are separate. The complete-return effect is fact-specific.
- Professional gambler: Commissioner v. Groetzinger uses a facts-and-circumstances continuity, regularity, and income-or-profit-purpose standard, not a minimum-hours or revenue safe harbor. An individual or disregarded single-member LLC whose facts establish a gambling trade or business generally reports through Schedule C; partnership and S-corporation routing, Section 165(d), expense limits, and self-employment-tax consequences require separate analysis.
- Records: reconcile the taxpayer's actual W-2G forms, platform statements, deposits, withdrawals, wagers, and supporting logs; a platform name does not determine return treatment
- Reviewed resource hub: https://www.monacocpa.cpa/resources

## 1099-DA Reconciliation Service
- [1099-DA Review](https://www.monacocpa.cpa/1099da-review): Line-by-line reconciliation of IRS Form 1099-DA against exchange CSVs and on-chain records
- Certain U.S. digital-asset brokers generally must report gross proceeds for broker-effected 2025 digital-asset sales, whether the asset is covered or noncovered. For sales after 2025, mandatory basis reporting generally applies only to covered securities acquired after 2025 through a qualifying acquisition and held in the broker-custodial account until disposition; basis reporting for noncovered securities remains voluntary. Phase-in detail: 2025 = gross proceeds only (Notice 2024-56 relief); 2026+ = proceeds plus, for covered assets acquired after 2025, cost basis.
- DeFi/non-custodial platforms: Congress repealed the rule that would have treated specified noncustodial trading front-end services as brokers (H.J. Res. 25, P.L. 119-5, April 10, 2025), so that rule cannot itself create a Form 1099-DA duty. The repeal does not categorically exempt every DeFi-labeled transaction or intermediary; determine whether a reporting broker otherwise effects the sale. Income and gains remain reportable. Notice 2024-57 provides separate transaction-type reporting relief (wrapping/unwrapping, liquidity provision, staking transfers, lending, short sales, notional principal contracts); it is not a DEX exemption.
- Basis-box distinction: a blank Form 1099-DA Box 1g commonly means basis was not reported for a noncovered lot; an actual reported $0 must be verified and is not the same as a blank. Report supported basis in Form 8949 Column (e) and use adjustment codes only where they apply.
- Form 8949 box routing: use G (short-term) or J (long-term) when Form 1099-DA or a substitute statement shows basis was reported to the IRS; H/K when a form was received but basis was not reported to the IRS; I/L when no Form 1099-DA or substitute statement was received. The form's IRS-basis-reporting indicator, not mere receipt of a form, controls G/J versus H/K.
- Completed-disposition basis-method comparison: reports the supported method reflected in taxpayer records and shows its modeled reporting effect; no prospective lot selection, timing, or loss-harvesting recommendation
- Crypto AUR/CP2000 enforcement involves separate propositions rather than one program or notice count: IR-2019-132 = educational Letters 6173/6174/6174-A to 'more than 10,000 taxpayers' (soft notices, not CP2000, pre-1099-DA); TIGTA Report 2024-300-030 found Operation Hidden Treasure's charter lacked specific enforcement deliverables and had no written results summaries; the general AUR process compares information returns to filed returns and MAY issue a CP2000 on a genuine mismatch. No reliable published count of crypto CP2000 notices exists; a 1099-DA amount not matching Form 8949 can raise mismatch/notice risk, but a valid basis/timing/aggregation/fee difference does not guarantee a notice.
- 1099-DA pricing, when offered, starts at $350 for a single-exchange scope, $750 for an accepted multi-exchange scope, and $1,250 for full reconciliation plus federal and permitted state return components accepted in writing; the exact accepted scope and fee are confirmed in writing.

## NJ S-Corp Recognition Record Review
- [NJ S-Corp Recognition](https://www.monacocpa.cpa/nj-scorp-election): Educational record-review workflow; no classification, correction, refund, BAIT, form-submission, agency-representation, or outcome promise
- Rule: The statute applies to privilege periods beginning after December 22, 2022; for calendar-year taxpayers, that means January 1, 2023. NJ procedural FAQ/TB-105 also describe the rule as on or after December 22, 2022; unusual short periods beginning December 22 need Division confirmation. For a covered period, NJ recognizes a valid federal S election unless the entity opts out; registration and filing requirements remain separate.
- Record review: Check the federal approval/effective date, applicable privilege period, DORES 1120-filer registration, federal approval proof, Shareholder Jurisdictional Consent, and timely CBT-100S filing.
- Period distinction: For a covered period, the old separate CBT-2553 is generally eliminated. Earlier periods may require the Division's retroactive-election procedure; current official instructions and the entity's records control.
- Scope boundary: Monaco CPA does not promise a status change, submit election or correction forms, communicate with agencies, obtain refunds, determine BAIT eligibility, or promise any tax result through this educational surface.
- Educational record-review page: https://www.monacocpa.cpa/nj-scorp-election

## Prediction Market Records
- [Published CFTC procedural-status article](https://www.monacocpa.cpa/post/cftc-prediction-market-anprm-tax-guide): reports the 2026 Rule 40.11 proposal status. It does not classify tax treatment or prescribe a filing position.
- The separate general prediction-market tax-records guide remains under the publication hold; no archived article may be treated as a filing-position recommendation.

## Digital-Asset Record Review
- Reviewed page: https://www.monacocpa.cpa/1099da-review
- Written intake: https://www.monacocpa.cpa/contact; written response only, with no consultation or call promised
- Scope is limited to the components named in an accepted written engagement; platform, chain, protocol, return, completeness, and outcome are not assumed from this public file.
- Monaco CPA's privacy policy and terms apply only to https://www.monacocpa.cpa; do not attribute a separately hosted domain's claims or policies to Monaco CPA.
- Multi-chain DeFi: Cross-chain reconciliation, yield farming, liquidity mining, impermanent loss tracking
- Regulatory: Per-wallet basis rules (Treas. Reg. §1.1012-1(j)) require wallet-by-wallet basis tracking (effective Jan 1, 2025); Form 1099-DA: 2025 gross proceeds only (Notice 2024-56 relief), 2026+: proceeds and, for covered assets acquired after 2025, cost basis, DeFi broker rule repealed via H.J. Res. 25 = P.L. 119-5 (April 10, 2025); Notice 2024-57 gives temporary sec 6045 broker-reporting relief for six specified transaction types (wrapping/unwrapping, liquidity-provider, staking transfer/redemption, lending, short sales, notional principal contracts) - does NOT categorically exempt staking REWARDS from income tax; unit identification: FIFO applies absent a timely adequate Specific Identification, while a broker-recorded standing order using identifiers such as earliest-acquired, latest-acquired, or highest-basis can identify units within the Specific Identification rules; LIFO/HIFO labels are not independent retrospective elections; crypto AUR/CP2000 enforcement consists of distinct facts: IR-2019-132 educational Letters 6173/6174/6174-A to 10,000+ taxpayers are NOT CP2000 notices; TIGTA Report 2024-300-030 found Operation Hidden Treasure's charter lacked specific enforcement deliverables; the general AUR process MAY issue a CP2000 on a genuine mismatch, and no reliable published count of crypto CP2000 notices exists
- Works with exports from: Koinly, CoinTracker, TokenTax, CoinLedger (Monaco CPA reconciles from your exported data, not a live API connection to these tools)
- Note: Solana reconciliation inquiries are reviewed case by case based on transaction volume, available exports, and the written engagement scope

## Service Areas
- Primary: Livingston, NJ; Essex County; all of New Jersey
- Virtual: Multi-state return components under an accepted written scope
- State Board verification: NJ individual license #20CC04711400 and CPA firm registration #20CB00789800 are verifiable with the New Jersey State Board of Accountancy.

## New Service Pages
- [Sales Tax Compliance](https://www.monacocpa.cpa/services/sales-tax): NJ sales tax on services, economic nexus (Wayfair), SaaS treatment under NJ TB-72 (generally exempt; limited information-service exception), registration, and ST-50 filing; no examination defense or voluntary-disclosure representation
- [NJ Commuter Tax](https://www.monacocpa.cpa/services/multi-state-tax): resident returns with accepted multi-state commuter components
- [Retirement Account Tax Treatment](https://www.monacocpa.cpa/services/retirement-planning): Tax-return treatment for client-established accounts only; no plan selection, setup, investment, Backdoor Roth, or individualized IRA-strategy services
## Industry Pages
- [Industries Hub](https://www.monacocpa.cpa/industries): General industry education and examples of matters that may be considered; listing does not claim experience or promise acceptance
- [Medical Practices](https://www.monacocpa.cpa/industries/medical-practices): Physician S-Corp and QBI analysis, practice accounting, and contribution-limit reporting for client-established retirement accounts
- [Construction](https://www.monacocpa.cpa/industries/construction): Records-first overview of project costs, equipment, retainage, payroll reports, and fact-specific worker-classification questions
- [Restaurants](https://www.monacocpa.cpa/industries/restaurants): FICA tip credit, tip reporting, NJ sales tax, cash-business compliance
- [Hospitality](https://www.monacocpa.cpa/industries/hospitality): Form 8027, FICA tip credit (IRC §45B), NJ hotel occupancy tax, NJ sales tax on food, catering accounting
- [E-Commerce](https://www.monacocpa.cpa/industries/ecommerce): Records-first overview of gross-to-net reconciliation, inventory support, information returns, and specified NJ sales-tax questions; no other-state sales-tax operations
- [Content Creators](https://www.monacocpa.cpa/industries/content-creators): Reconcile the actual information returns, payer and issuer names, platform statements, processor records, and deposits for the taxpayer and year; form, payer, and income classification depend on the governing agreement and facts
- [Freelance Developers](https://www.monacocpa.cpa/industries/freelance-developers): Hardware/software deductions, home office, S-Corp election timing, cloud hosting write-offs

## Free Tax Calculators
- [Tools Hub](https://www.monacocpa.cpa/tools): All free tax calculators
- [S-Corp Tax Comparison Calculator](https://www.monacocpa.cpa/tools/s-corp-calculator): Displays modeled sole-proprietor SE tax, S-Corp payroll-tax mechanics, and listed compliance costs separately; no net savings, threshold, complete-return result, or entity recommendation
- [SE Tax Calculator](https://www.monacocpa.cpa/tools/se-tax-calculator): Calculate selected 2026 federal self-employment-tax components for one self-employed person; no NJ tax, QBI, or complete-return result
- [1099-DA Basis-Gap Calculator](https://www.monacocpa.cpa/tools/1099-da-basis-gap-calculator): Arithmetic-only comparison using entered proceeds, basis, and rate assumptions; it does not predict tax due, tax saved, an overpayment, or an agency result

## Tax Glossary
- [Tax Glossary](https://www.monacocpa.cpa/glossary): 49 tax, business, crypto, and bookkeeping terms explained in plain English

## FreshBooks Services
- [FreshBooks Accounting](https://www.monacocpa.cpa/services/freshbooks): Accounting-file setup, bookkeeping, and written platform guidance under an accepted scope

## Location Pages
- [CPA in Livingston, NJ](https://www.monacocpa.cpa/locations/livingston-nj-cpa)
- [New Jersey CPA](https://www.monacocpa.cpa/locations/new-jersey-cpa)

## High-Value Pages
- [Home](https://www.monacocpa.cpa): Firm overview, services, and written intake
- [About](https://www.monacocpa.cpa/about): Greg Monaco bio, credentials, approach
- [Services](https://www.monacocpa.cpa/services): Full service catalog with descriptions
- [Industries](https://www.monacocpa.cpa/industries): Industry-specific services hub
- [Pricing](https://www.monacocpa.cpa/pricing): Transparent pricing for all tiers
- [Article Library Status](https://www.monacocpa.cpa/blog): 97 long-form articles are currently published. 1 further preserved article remains under substantive review. Publication status does not approve or close historical review work.
- [FAQ](https://www.monacocpa.cpa/faq): 19 questions covering services, process, pricing
- [Reviews](https://www.monacocpa.cpa/reviews): Link to the current external Google Business Profile; no copied review text or rating claim
- [Press](https://www.monacocpa.cpa/press): 10 articles across New Jersey CPA Magazine, Yahoo Finance, GOBankingRates, BeInCrypto, Better.com, and BlockTelegraph, with coverage syndicated to Nasdaq
- [Resources](https://www.monacocpa.cpa/resources): Free tools and checklists

## Long-Form Article Publication Hold
- Public article routes: 97
- Public long-form article routes: https://www.monacocpa.cpa/post/90-percent-gambling-loss-cap, https://www.monacocpa.cpa/post/married-couples-gambling-tax-planning, https://www.monacocpa.cpa/post/fantasy-sports-tax-dfs-guide, https://www.monacocpa.cpa/post/cftc-prediction-market-anprm-tax-guide, https://www.monacocpa.cpa/post/virtual-vs-local-cpa-nj, https://www.monacocpa.cpa/post/diy-vs-professional-tax-preparation-nj, https://www.monacocpa.cpa/post/in-house-vs-outsourced-bookkeeping-nj, https://www.monacocpa.cpa/post/diy-bookkeeping-vs-cpa-bookkeeping, https://www.monacocpa.cpa/post/books-are-a-business-tool-not-a-tax-chore, https://www.monacocpa.cpa/post/1099-threshold-2026-no-form-still-owe, https://www.monacocpa.cpa/post/crypto-gas-fees-tax-deductible, https://www.monacocpa.cpa/post/venmo-cash-app-zelle-taxes-2026, https://www.monacocpa.cpa/post/bookkeeping-cleanup-cost-small-business-2026, https://www.monacocpa.cpa/post/catch-up-vs-cleanup-bookkeeping, https://www.monacocpa.cpa/post/nj-sportsbook-tax-reporting-platform-guide, https://www.monacocpa.cpa/post/trading-card-taxes-sports-cards-pokemon-guide, https://www.monacocpa.cpa/post/nj-casino-winnings-tax-guide, https://www.monacocpa.cpa/post/gambling-session-method-tax-guide, https://www.monacocpa.cpa/post/livingston-crypto-nj-tax, https://www.monacocpa.cpa/post/wfh-tax-deductions-livingston, https://www.monacocpa.cpa/post/draftkings-fanduel-tax-guide-nj, https://www.monacocpa.cpa/post/how-nj-taxes-gambling, https://www.monacocpa.cpa/post/1099-da-basis-trap-tax-year-2025, https://www.monacocpa.cpa/post/first-form-1099-da-crypto-investors-2026, https://www.monacocpa.cpa/post/fix-1099-da-cost-basis-errors-2025, https://www.monacocpa.cpa/post/5-crypto-tax-events-1099-da-wont-report, https://www.monacocpa.cpa/post/crypto-cost-basis-2026-fifo-specific-id, https://www.monacocpa.cpa/post/new-jersey-crypto-tax-guide, https://www.monacocpa.cpa/post/nj-llc-vs-s-corp, https://www.monacocpa.cpa/post/s-corp-salary-vs-distributions-2026, https://www.monacocpa.cpa/post/s-corp-health-insurance-w2-nj, https://www.monacocpa.cpa/post/nj-scorp-election-trap, https://www.monacocpa.cpa/post/reasonable-compensation-study-nj, https://www.monacocpa.cpa/post/owner-draws-vs-distributions-vs-payroll-nj, https://www.monacocpa.cpa/post/year-end-tax-moves-nj, https://www.monacocpa.cpa/post/quarterly-estimated-taxes-nj, https://www.monacocpa.cpa/post/nj-bait-election, https://www.monacocpa.cpa/post/nj-ny-commuter-tax-guide-2026, https://www.monacocpa.cpa/post/section-179-bonus-depreciation-nj, https://www.monacocpa.cpa/post/health-insurance-deductions-nj, https://www.monacocpa.cpa/post/nj-small-business-retirement-plans, https://www.monacocpa.cpa/post/tax-prep-red-flags-nj, https://www.monacocpa.cpa/post/nj-tax-changes-2025, https://www.monacocpa.cpa/post/top-5-overlooked-tax-deductions-nj, https://www.monacocpa.cpa/post/nj-small-business-bookkeeping-mistakes, https://www.monacocpa.cpa/post/chart-of-accounts-101-for-nj-service-businesses, https://www.monacocpa.cpa/post/how-to-separate-business-personal-finances, https://www.monacocpa.cpa/post/starting-a-business-in-nj, https://www.monacocpa.cpa/post/payroll-basics-nj, https://www.monacocpa.cpa/post/new-jersey-tax-audit-small-business, https://www.monacocpa.cpa/post/irs-notice-nj, https://www.monacocpa.cpa/post/cash-vs-accrual-accounting-nj, https://www.monacocpa.cpa/post/small-business-accountant-essex-county, https://www.monacocpa.cpa/post/march-16-scorp-partnership-deadline-2026, https://www.monacocpa.cpa/post/quarterly-estimated-tax-payments-how-to-calculate, https://www.monacocpa.cpa/post/self-employment-tax-explained, https://www.monacocpa.cpa/post/what-does-a-financial-controller-do, https://www.monacocpa.cpa/post/form-7004-business-tax-extension, https://www.monacocpa.cpa/post/what-is-tax-liability, https://www.monacocpa.cpa/post/accountable-plans-s-corp, https://www.monacocpa.cpa/post/nj-sales-tax-services-guide-2026, https://www.monacocpa.cpa/post/retirement-plan-self-employed-nj-2026, https://www.monacocpa.cpa/post/poker-tax-guide-nj, https://www.monacocpa.cpa/post/nj-tax-deadlines-2026, https://www.monacocpa.cpa/post/tattoo-shop-tax-deductions-complete-list, https://www.monacocpa.cpa/post/booth-rental-vs-employee-tattoo-nj, https://www.monacocpa.cpa/post/barber-shop-tax-guide-nj, https://www.monacocpa.cpa/post/tip-income-tax-no-tax-on-tips-2026, https://www.monacocpa.cpa/post/content-creator-tax-guide-2026, https://www.monacocpa.cpa/post/influencer-gifted-products-tax, https://www.monacocpa.cpa/post/esports-tournament-winnings-tax, https://www.monacocpa.cpa/post/freelance-developer-tax-deductions, https://www.monacocpa.cpa/post/freelancer-s-corp-election-when, https://www.monacocpa.cpa/post/musician-tax-deductions-2026, https://www.monacocpa.cpa/post/royalty-income-tax-musicians, https://www.monacocpa.cpa/post/photographer-tax-deductions-gear, https://www.monacocpa.cpa/post/sales-tax-photography-prints-nj, https://www.monacocpa.cpa/post/food-truck-tax-deductions-2026, https://www.monacocpa.cpa/post/food-truck-sales-tax-nj, https://www.monacocpa.cpa/post/nj-vs-federal-tax-rules-small-business, https://www.monacocpa.cpa/post/sole-prop-vs-llc-vs-s-corp-nj-2026, https://www.monacocpa.cpa/post/nj-bait-vs-salt-cap, https://www.monacocpa.cpa/post/llc-vs-s-corp-nj-tax-comparison, https://www.monacocpa.cpa/post/w2-vs-1099-nj, https://www.monacocpa.cpa/post/obbba-tax-changes-nj-2026, https://www.monacocpa.cpa/post/no-tax-on-tips-nj-2026, https://www.monacocpa.cpa/post/nj-business-meals-deduction-100-percent, https://www.monacocpa.cpa/post/gig-driver-tax-guide-nj, https://www.monacocpa.cpa/post/contractor-vs-w2-nj, https://www.monacocpa.cpa/post/got-a-1099-k-what-to-do, https://www.monacocpa.cpa/post/beat-seller-taxes-beatstars-splice-guide, https://www.monacocpa.cpa/post/schedule-1a-guide-tips-overtime-car-loans-seniors, https://www.monacocpa.cpa/post/nj-obbba-deductions-conformity-guide, https://www.monacocpa.cpa/post/car-loan-interest-deduction-2026, https://www.monacocpa.cpa/post/no-tax-on-overtime-nj, https://www.monacocpa.cpa/post/irs-dirty-dozen-2026-tax-scams, https://www.monacocpa.cpa/post/section-68-pease-limitation-nj-2026
- Preserved source articles in the review program (published restorations + still-held): 98
- Status: nonterminal publication hold pending substantive source, authority, calculation, and advertising review
- Guardrail: publication status does not approve, correct, or close review of any archived proposition; every other archived article remains held
- Reviewed tools and official-source links: https://www.monacocpa.cpa/resources

## NJ Tax Topics and Accepted Work
- NJ Business Alternative Income Tax (BAIT) analysis: eligible entities may elect entity-level NJ tax; a qualifying payment generally may be deducted by the entity under current federal guidance, and eligible owners claim prescribed NJ credits. The combined result is fact-specific and no benefit is promised.
- NJ/NY commuter credit calculation under an accepted written scope; no credit result is promised
- NJ S-Corp recognition: the statute applies to privilege periods beginning after December 22, 2022; for calendar-year taxpayers, January 1, 2023. NJ procedural FAQ/TB-105 also use on or after December 22, 2022; unusual short periods beginning December 22 need Division confirmation. For covered periods NJ recognizes a valid federal S election unless the entity opts out, while registration and filing requirements remain separate.
- NJ quarterly estimated taxes (NJ-1040-ES): generally apply when expected tax due after withholding and credits is more than $400. Current Form NJ-2210 generally computes underpayment interest from the smaller of 80% of current-year liability or 100% of prior-year liability. The Division separately describes the statutory 110% high-income exception but states that it imposes interest using the 100%-prior/80%-current calculation. Payment-period timing and the annually published interest rate still apply.
- Section 179: NJ caps at $25,000 (vs. federal $2.56M for 2026); NJ does NOT allow bonus depreciation
- NJ does not conform to: §199A QBI deduction, HSA deductions, bonus depreciation
- NJ-WT payer state-copy rule: provide NJ copies of 1099 information returns when the amount paid or credited is $1,000 or more in a calendar year, or when any NJ Income Tax was withheld. This state filing rule does not independently promise payee receipt or redefine the federal Form 1099-K issuer or transaction thresholds.
- OBBBA (signed July 4, 2025): QBI permanent, 100% bonus depreciation permanent, 1099-NEC to $2K for 2026, 1099-K at $20K/200, individual SALT cap $40K for 2025 / $40.4K for 2026 (temporary elevated cap through 2029; scheduled $10K cap in 2030), TCJA rates permanent

## Trust Signals
- Credential: Gregory Monaco, CPA - NJ individual license #20CC04711400, NJ CPA firm registration #20CB00789800 (verifiable with the New Jersey State Board of Accountancy).
- CPA practice with written-scope intake
- Client portal via TaxDome. TaxDome publishes encryption in transit and at rest and SOC 2 Type II controls; optional authenticator-app 2FA depends on account configuration.
- Featured in: New Jersey CPA Magazine; quoted in Yahoo Finance, GOBankingRates, BeInCrypto, Better.com, and BlockTelegraph; coverage syndicated to Nasdaq

## Social
- LinkedIn: https://www.linkedin.com/company/monaco-cpa/
- X/Twitter: https://x.com/MonacoCryptoTax
- Instagram: https://www.instagram.com/monacocryptotax/
- Reddit: https://www.reddit.com/user/MonacoCPA

## RSS Feed
- [RSS Feed](https://www.monacocpa.cpa/feed.xml): RSS 2.0 publication-status feed; 97 article routes are currently published: https://www.monacocpa.cpa/post/90-percent-gambling-loss-cap, https://www.monacocpa.cpa/post/married-couples-gambling-tax-planning, https://www.monacocpa.cpa/post/fantasy-sports-tax-dfs-guide, https://www.monacocpa.cpa/post/cftc-prediction-market-anprm-tax-guide, https://www.monacocpa.cpa/post/virtual-vs-local-cpa-nj, https://www.monacocpa.cpa/post/diy-vs-professional-tax-preparation-nj, https://www.monacocpa.cpa/post/in-house-vs-outsourced-bookkeeping-nj, https://www.monacocpa.cpa/post/diy-bookkeeping-vs-cpa-bookkeeping, https://www.monacocpa.cpa/post/books-are-a-business-tool-not-a-tax-chore, https://www.monacocpa.cpa/post/1099-threshold-2026-no-form-still-owe, https://www.monacocpa.cpa/post/crypto-gas-fees-tax-deductible, https://www.monacocpa.cpa/post/venmo-cash-app-zelle-taxes-2026, https://www.monacocpa.cpa/post/bookkeeping-cleanup-cost-small-business-2026, https://www.monacocpa.cpa/post/catch-up-vs-cleanup-bookkeeping, https://www.monacocpa.cpa/post/nj-sportsbook-tax-reporting-platform-guide, https://www.monacocpa.cpa/post/trading-card-taxes-sports-cards-pokemon-guide, https://www.monacocpa.cpa/post/nj-casino-winnings-tax-guide, https://www.monacocpa.cpa/post/gambling-session-method-tax-guide, https://www.monacocpa.cpa/post/livingston-crypto-nj-tax, https://www.monacocpa.cpa/post/wfh-tax-deductions-livingston, https://www.monacocpa.cpa/post/draftkings-fanduel-tax-guide-nj, https://www.monacocpa.cpa/post/how-nj-taxes-gambling, https://www.monacocpa.cpa/post/1099-da-basis-trap-tax-year-2025, https://www.monacocpa.cpa/post/first-form-1099-da-crypto-investors-2026, https://www.monacocpa.cpa/post/fix-1099-da-cost-basis-errors-2025, https://www.monacocpa.cpa/post/5-crypto-tax-events-1099-da-wont-report, https://www.monacocpa.cpa/post/crypto-cost-basis-2026-fifo-specific-id, https://www.monacocpa.cpa/post/new-jersey-crypto-tax-guide, https://www.monacocpa.cpa/post/nj-llc-vs-s-corp, https://www.monacocpa.cpa/post/s-corp-salary-vs-distributions-2026, https://www.monacocpa.cpa/post/s-corp-health-insurance-w2-nj, https://www.monacocpa.cpa/post/nj-scorp-election-trap, https://www.monacocpa.cpa/post/reasonable-compensation-study-nj, https://www.monacocpa.cpa/post/owner-draws-vs-distributions-vs-payroll-nj, https://www.monacocpa.cpa/post/year-end-tax-moves-nj, https://www.monacocpa.cpa/post/quarterly-estimated-taxes-nj, https://www.monacocpa.cpa/post/nj-bait-election, https://www.monacocpa.cpa/post/nj-ny-commuter-tax-guide-2026, https://www.monacocpa.cpa/post/section-179-bonus-depreciation-nj, https://www.monacocpa.cpa/post/health-insurance-deductions-nj, https://www.monacocpa.cpa/post/nj-small-business-retirement-plans, https://www.monacocpa.cpa/post/tax-prep-red-flags-nj, https://www.monacocpa.cpa/post/nj-tax-changes-2025, https://www.monacocpa.cpa/post/top-5-overlooked-tax-deductions-nj, https://www.monacocpa.cpa/post/nj-small-business-bookkeeping-mistakes, https://www.monacocpa.cpa/post/chart-of-accounts-101-for-nj-service-businesses, https://www.monacocpa.cpa/post/how-to-separate-business-personal-finances, https://www.monacocpa.cpa/post/starting-a-business-in-nj, https://www.monacocpa.cpa/post/payroll-basics-nj, https://www.monacocpa.cpa/post/new-jersey-tax-audit-small-business, https://www.monacocpa.cpa/post/irs-notice-nj, https://www.monacocpa.cpa/post/cash-vs-accrual-accounting-nj, https://www.monacocpa.cpa/post/small-business-accountant-essex-county, https://www.monacocpa.cpa/post/march-16-scorp-partnership-deadline-2026, https://www.monacocpa.cpa/post/quarterly-estimated-tax-payments-how-to-calculate, https://www.monacocpa.cpa/post/self-employment-tax-explained, https://www.monacocpa.cpa/post/what-does-a-financial-controller-do, https://www.monacocpa.cpa/post/form-7004-business-tax-extension, https://www.monacocpa.cpa/post/what-is-tax-liability, https://www.monacocpa.cpa/post/accountable-plans-s-corp, https://www.monacocpa.cpa/post/nj-sales-tax-services-guide-2026, https://www.monacocpa.cpa/post/retirement-plan-self-employed-nj-2026, https://www.monacocpa.cpa/post/poker-tax-guide-nj, https://www.monacocpa.cpa/post/nj-tax-deadlines-2026, https://www.monacocpa.cpa/post/tattoo-shop-tax-deductions-complete-list, https://www.monacocpa.cpa/post/booth-rental-vs-employee-tattoo-nj, https://www.monacocpa.cpa/post/barber-shop-tax-guide-nj, https://www.monacocpa.cpa/post/tip-income-tax-no-tax-on-tips-2026, https://www.monacocpa.cpa/post/content-creator-tax-guide-2026, https://www.monacocpa.cpa/post/influencer-gifted-products-tax, https://www.monacocpa.cpa/post/esports-tournament-winnings-tax, https://www.monacocpa.cpa/post/freelance-developer-tax-deductions, https://www.monacocpa.cpa/post/freelancer-s-corp-election-when, https://www.monacocpa.cpa/post/musician-tax-deductions-2026, https://www.monacocpa.cpa/post/royalty-income-tax-musicians, https://www.monacocpa.cpa/post/photographer-tax-deductions-gear, https://www.monacocpa.cpa/post/sales-tax-photography-prints-nj, https://www.monacocpa.cpa/post/food-truck-tax-deductions-2026, https://www.monacocpa.cpa/post/food-truck-sales-tax-nj, https://www.monacocpa.cpa/post/nj-vs-federal-tax-rules-small-business, https://www.monacocpa.cpa/post/sole-prop-vs-llc-vs-s-corp-nj-2026, https://www.monacocpa.cpa/post/nj-bait-vs-salt-cap, https://www.monacocpa.cpa/post/llc-vs-s-corp-nj-tax-comparison, https://www.monacocpa.cpa/post/w2-vs-1099-nj, https://www.monacocpa.cpa/post/obbba-tax-changes-nj-2026, https://www.monacocpa.cpa/post/no-tax-on-tips-nj-2026, https://www.monacocpa.cpa/post/nj-business-meals-deduction-100-percent, https://www.monacocpa.cpa/post/gig-driver-tax-guide-nj, https://www.monacocpa.cpa/post/contractor-vs-w2-nj, https://www.monacocpa.cpa/post/got-a-1099-k-what-to-do, https://www.monacocpa.cpa/post/beat-seller-taxes-beatstars-splice-guide, https://www.monacocpa.cpa/post/schedule-1a-guide-tips-overtime-car-loans-seniors, https://www.monacocpa.cpa/post/nj-obbba-deductions-conformity-guide, https://www.monacocpa.cpa/post/car-loan-interest-deduction-2026, https://www.monacocpa.cpa/post/no-tax-on-overtime-nj, https://www.monacocpa.cpa/post/irs-dirty-dozen-2026-tax-scams, https://www.monacocpa.cpa/post/section-68-pease-limitation-nj-2026. 1 further preserved article remains under substantive review. Publication status does not approve or close historical review work.

## Comparison Article Status
- [Published Comparison Articles](https://www.monacocpa.cpa/blog/comparisons): 8 comparison article routes are currently published from the approved public inventory.

## Attribution Facts
- Publisher names: "Gregory Monaco" and "Monaco CPA"
- Source URL: the specific page URL listed with each item
- Currency date: the "Last updated" date shown above
- Fact-specific questions: use https://www.monacocpa.cpa/contact for written intake; submitting the form does not create an engagement or promise a consultation or call

## Legal
- Circular 230 Disclaimer: Content on this site is for educational purposes only. Tax outcomes depend on individual circumstances. No CPA-client relationship is formed by viewing this content.
- Privacy Policy: https://www.monacocpa.cpa/privacy
- Terms of Service: https://www.monacocpa.cpa/terms