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ERNIE BUSTAMANTE

Tax Preparer
CEO/Accounting & Tax Professional at EB TAX CONSULTANTS
Brooklyn New York 11220

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Over 30 Years Experience Equals Tax Savings.

Contact Details

Company Name
EB TAX CONSULTANTS
Location
5403 5th Ave, 2nd Floor
Brooklyn, New York, 11220
United States

Professional Background

Year Established
1999
Accepted Forms of Payments
National Association of Tax Professionals; National Society of Tax Professionals; National Society of Accountants; National Association of Certified Public Bookkeepers; New York Society of Independent Accountants; Brooklyn Chamber of Commerce.

About ERNIE BUSTAMANTE

We are a family-owned, family-oriented firms dedicated to provide year-round personalized preparation of income tax returns, accounting, bookkeeping and paychecks services tailored to individuals and small to medium-sized businesses’ needs. Our primary objective is to provide the highest level of professional services in assisting our valued & would-be clients to save on income and business taxes by maximizing all allowable deductions and credits that we can legally claim and at the same time to see to it that the recording of business transactions and the preparation of the various government reports are in compliance with the Internal Revenue Service and U.S. States latest rules and regulations to avoid audits and/or tax assessments. Our firms are large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve. We are highly committed in maintaining the highest standards of integrity in our relationship with our clients as we have been doing for the past 30 years. We have an excellent client-retention rate, and we are extremely proud of the high-quality services that our firms provide.

ERNIE BUSTAMANTE Member Articles


Overcoming the Challenge of Social Media Cyber-Vandalism

When it comes to cyber-vandalism, online communication tools can be seriously challenged. However, to keep social media accounts protected, small businesses need to take advantage...


Sales Tax – Not All Transactions Are Equal

For many small businesses, sales tax is part of the reality of doing business. Depending on the state, you may be required to make a monthly or quarterly payment of your sales tax....


Manufacturing – The Ins and Outs of Use Tax

While most manufacturers are only located in one or two states, there may be the assumption that their risk is lower when it comes to product taxability. This might be true if you...


Manufacturing and Sales Tax

If your small business involves manufacturing, sales tax can be a challenging part of your tax liabilities. After all, you may not be providing a service, but typically you are also...


Estate Planning: Preparing for the Future

While many of us do not enjoy the prospect of planning for our own demise, estate planning does serve a function. It provides a way to make sure that our wealth and our wishes are...


Busting Myths About the Home Sale Gain Exclusion

Moving can be stressful, but the sale of your home can also mean that you have to deal with the tax implications from your profits. This is because any profits are subject to income...


Defining a Capital Loss for Investments

Investments can provide an additional income stream, both while you are working or during your retirement. But there are also the potential risks that come with an investment that...


A Guide to myRA Accounts

If your employer does not offer a retirement savings plan, it can be difficult to take the next step to begin the process of saving for retirement. However, the U.S. Treasury Department...


Do I Have to File a Tax Return as a Student?

If you were a student over the past year at college, you may be wondering if you have to file a tax return or if you can simply be claimed as your parents’ dependent. Working with...


Do My Dividends Have Their Own Tax Rates?

Investors do not typically choose their investments based on their potential tax liability. However, during the tax filing season, all your investments and dividends will now play...


Understanding Charitable Deductions for High Income Earners

When we are making charitable donations, especially if they are larger donations of property or taxes, it can be easy to meet any necessary requirements to be able to take advantage...


The Ins and Outs of Setting Up a Trust

When most of taxpayers think of trusts, they typically are associated with those high income earners and not the average middle class family. Yet trusts can provide a vast number of...


Filing Your Business Taxes

Filing your taxes as a business is really important. It is the step that you need to take to ensure that your business is running properly and that you aren’t making the IRS mad...


Medical Deductions You Shouldn’t Forget

Medical costs can get high throughout the year. Staying healthy is not always the easiest thing in the world to accomplish and it can cost a lot of money. But when it comes time for...


How to Avoid an IRS Audit when Donating a Car to Charity?

Donating an old or used vehicle to charity is a win-win notion.You win simply because you not only get rid of a clunker for which you pay registration and insurance fees (and also,...


How Real Are Real Estate Taxes?

My rich uncle would say, Even if I purchased my daughter a $1M home, she would still not be able to afford it because of the real estate tax. Unfortunately, one of the most overlooked...


Is Your Student Loan Interest Deductible?

For many taxpayers, college was an amazing experience, but also a very costly one. Most students graduate with some form of debt. The most frequent type of debt is in the form of student...


What You Need to Know About Expensing Business Equipment

For many business owners, equipment purchases are necessary to replace outdated equipment but to also expand their business’ capabilities during periods of growth. However, when...


The Steps to Successfully Closing Your Business

While closing a business can be an emotional time for a small business owner, it can also be equally full of multiple administrative tasks. The IRS itself has numerous requirements,...


ACA: Tips for the Taxpayer and Employer

For many companies, the provisions of the Affordable Care Act (ACA) have phased in specific tax credits and potential penalties. Individuals and employers all have criteria to meet...


Federal Tax Deductions

A tax deduction is a feasible and  convenient way to reduce a person’s taxable income. The total deductions are  subtracted from the taxable income to devise the total...


Federal Tax Deductions In Brooklyn

A tax deduction is the right way to reduce a person’s taxable income. The total deductions are subtracted from the taxable income to devise the total tax bill, for a complete financial...


Income Tax Breaks

Do you want to decrease your tax bill substantially? Read this and find out all about commonly ignored tax deduction trends.An income tax break is basically a way to save on tax liability....


Your Biggest Tax Write-Off's Explained

Tax Write OffsMillions of tax payers over pay their taxes every year because some of them are unaware of the tax deductible elements while a few of them overlook the items. But as...


How to Deduct Those Donations

Contributions and donations given to a charity are tax deductible expenses. One of the perks to donate to a qualified charitable organization is that you not only get to help your...


Tax Form Basics: Which Form Should I File?

The vast majority of individual taxpayers will file the Form 1040 to file their taxes. However, there are many other types of forms. The one that works best for you and your...

Posted by ERNIE BUSTAMANTE on 01/05/2016

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5 Must-Know Small Business Tax Credits

At EB Tax Consultants, we know that every credit counts when it comes to filing taxes for small businesses. There are a huge number of small business tax credits, and very few...

Posted by ERNIE BUSTAMANTE on 01/05/2016

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5 Practical Payroll Tips for Hiring Your First Employee

If your sole proprietorship or contract work business is booming and you can barely keep up, it may be time to hire your own employees. Once your business decides to hire its own...

Posted by ERNIE BUSTAMANTE on 01/05/2016

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3 Types of Missing Tax Information and How to Find Them

Every year, your Brooklyn tax preparer requires certain information to do your taxes. Without this information, he or she cannot prepare an accurate return. It could also cause...

Posted by ERNIE BUSTAMANTE on 01/05/2016

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Tax Tips for Military Families with Children

The Internal Revenue Service has tax benefits for military families with and without children due to their special circumstances. As such if you are from a military family, you...


10 Most Tax-Friendly States For Retirees

When evaluating the state tax policies, retirees have some special concerns. These may be about Social Security benefits, estate taxes, property taxes, or some other kind of taxes...


10 Common Misconceptions about Taxes

 The National Association of Enrolled Agents reports even smart taxpayers can make mistakes, while filing their taxes. This is because of the complex tax code that confuses not...


Tax Saving Tips for Small Business

A small business generally doesn’t have a stream of corporate tax lawyers and accountants to plow through the ever evolving tax regulations to find all the legal methods and...


Top Tax Tips for Self-Employed

When it comes to tax season, self-employed individuals often envy their employed relatives and friends, wishing they could mechanically input data in a W-2 form and be done with their...


Top Ten Tax Deductions for Landlords

Rental income An owner of a rental property is eligible for tax deduction from the earnings of gross rent provided the owner makes the following expenses in the current fiscal year....


What you need to know about tax avoidance

“Taxes are the price we pay for civilization,” said Oliver Wendell Holmes, the great Supreme Court justice of US. But, sometimes it seems that people who cannot offshore...


What you need to know about tax extensions

While it is always a nice idea to file for extensions immediately, there can also be times when you may require some more time. Perhaps you moved and you did not get time to organize...


Why You Should Ask for a Tax Extension

In today’s fast-paced life, it is often easy to get caught up in the rush and not be able to complete important tasks like filing your tax returns. There may be other factors...