"Greg was very easy to work with. I had a complicated scenario that he was able to manage, with complete confidence. I would highly recommend using him."
"I've had a great experience working with Greg Monaco. He is incredibly detail-oriented and thorough, making sure everything is handled correctly and fully compliant. What really stood out to me is how proactive and dedicated he is."
"Monaco CPA is excellent to work with! Greg is detail-oriented, knowledgeable, and prompt. He's been instrumental in helping me get my business off the ground with a strong financial foundation."
"If you need a CPA or accountant in Livingston or Essex County, I highly recommend Greg at Monaco CPA. My wife and I switched because my old accountant often didn't return my calls. Greg is different."
"I've been working with Greg Monaco, CPA for a few years now, and he's honestly saved me real money with both personal tax help and crypto tax stuff."
"I've been working with Gregory Monaco CPA LLC for my taxes, and I couldn't be happier with the experience. Extremely professional, thorough, and organized from start to finish."
Monaco CPA is a virtual CPA practice serving Fort Lee, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Bergen County and beyond.
Monaco CPA is a virtual CPA practice serving Fort Lee, New Jersey, providing personal tax preparation, small business accounting, and bookkeeping services to individuals and businesses throughout Bergen County and beyond.
Founded by Greg Monaco, CPA, the practice is built on a simple idea: you deserve the same level of attention and care that large corporations receive from their accounting firms.
As a New Jersey CPA covering both domestic and international tax reporting, Monaco CPA combines practical knowledge with the convenience of a fully virtual practice. All consultations are conducted via video call or phone, and documents are exchanged securely through an encrypted client portal.
Fort Lee is unlike any other Bergen County suburb. Over 50% of the borough's 40,500 residents are foreign-born, with a Korean-American community representing roughly one quarter of the population. This creates a concentration of international tax reporting obligations that few CPA firms are equipped to handle. U.S. residents with foreign bank accounts exceeding $10,000 must file an FBAR (FinCEN Form 114), while those with foreign assets above $50,000 may also owe FATCA reporting on Form 8938. For Korean-American families receiving gifts from relatives overseas, Form 3520 is required for amounts exceeding $100,000, and the penalties for non-filing can reach 25% of the gift value. Monaco CPA helps Fort Lee residents navigate these requirements and, when needed, use the IRS Streamlined Filing Compliance Procedures to resolve prior non-filings at dramatically reduced penalties.
Fort Lee sits at the western terminus of the George Washington Bridge, making it Bergen County's most direct gateway to Manhattan. NJ Transit buses depart from the GW Bridge Plaza to Midtown every 10 minutes, and an estimated 30% to 40% of the workforce commutes to New York City. These commuters face one of the country's most complex dual-state tax situations. New York's convenience of the employer rule taxes work-from-home days as NY income for most hybrid workers, and NJ's retaliatory convenience rule (effective January 2023) adds another layer of complexity. For Fort Lee residents with self-employment income sourced to the NYC Metropolitan Commuter Transportation District, the MCTMT tax on net earnings above $50,000 is an additional obligation that is easy to overlook.
Fort Lee's housing market is dominated by high-rise condos and rentals rather than single-family homes, with 69% of units in large apartment complexes. This creates distinct tax planning needs: Schedule E rental income reporting for the large landlord and investor population, proper depreciation tracking for condo investments, 1031 like-kind exchange planning for investors rotating between properties, and FIRPTA withholding considerations given international ownership interest. Several major developments operate under PILOT agreements, which carry different federal deduction treatment than standard property taxes.
Whether you are a Korean-American business owner on Main Street needing bilingual accounting support, a GW Bridge commuter navigating NJ and NY filing obligations, or a condo investor tracking rental income and depreciation across multiple units, Monaco CPA provides the tax guidance your situation demands. For business owners with S-Corps, partnerships, or LLCs, the NJ BAIT election can bypass the individual SALT cap entirely. Use the estimated tax calculator to model your quarterly payments across both states.
Your CPA knows your name and your situation.
Livingston-based virtual CPA licensed in New Jersey, serving clients statewide.
Secure portal, video consultations, and e-filing from anywhere.
All inquiries answered within one business day.
Monaco CPA provides services throughout Fort Lee and Bergen County, NJ, including:
Accurate, stress-free tax returns for W-2 earners, freelancers, and self-employed individuals.
Year-round strategies to help reduce your tax liability legally.
Returns and compliance for S-Corps, LLCs, partnerships, and sole proprietorships.
Monthly bookkeeping, QuickBooks Online setup, and financial reporting.
QuickBooks Online setup, cleanup, training, and ongoing support from a Gold Certified ProAdvisor.
Payroll processing, tax filings, and compliance for NJ businesses.
"Great service and really efficient. The virtual process was straightforward and saved me a ton of time."
Eric R.
"Greg was very professional in helping me with my taxes. He broke it down and explained all the details. He was very easy to communicate with. I am all set for this year and I will be returning next year for the same service. His tax planning and strategies helped me save money."
Brandon B.
"Greg took the time to listen to my concerns and answer my tax related questions and put my mind at ease. I would definitely recommend to others."
Mike D.
These testimonials reflect individual client experiences and do not guarantee similar outcomes. Results vary based on each client's specific facts and circumstances. No client was compensated for providing a review. Tax savings and outcomes depend on individual tax situations and are not typical of all client experiences.
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Schedule a free consultation to discuss your tax, accounting, and bookkeeping needs.
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice contained herein is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.
Monaco CPA is licensed by the New Jersey State Board of Accountancy (Firm License #20CB00789800). Services are provided remotely to clients nationwide. Monaco CPA does not maintain physical offices outside New Jersey and does not hold CPA firm permits in other states.