Shoreline Tax Solutions LLC

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United States
Madison, CT
Shoreline Tax Solutions LLC

Mark Delcavo, E.A. Founder and Owner

Located in Madison, Connecticut, Shoreline Tax Solutions LLC

Our goal at STS is to help people understand and navigate the increasing complexity of IRS tax laws. We ensure clients take full advantage of tax credits and deductions they are entitled to, including some of the more obscure ones most individuals don’t know about. Although taxes are daunting, stressful and down right boring, we strive to make it fun in a relaxed atmosphere. The laid back professi

onalism we've perfected is the reason our clients come back each year, refer us to their friends and even bring in the next generation of their family to use our practice.

10/28/2025

📣 We are hiring and looking to add two new team members:

🗂️ Office Manager
🔗 https://www.indeed.com/viewjob?jk=4f8559991ac35a64

🧾 Tax Associate
🔗https://www.indeed.com/viewjob?jk=afafb69724e0bcfa

We recognize the power of community and referrals. If you, or someone you know is interested please share the job descriptions linked above or reach out to 📧[email protected].

Thanks for helping us spread the word!

02/13/2025

We’d be honored to have your nomination in the category of Accounting/Tax Preparer. Click the link to nominate Shoreline Tax Solutions LLC by February 23rd!

https://theday.com/live-content/best-of-2025/?fbclid=PAZXh0bgNhZW0CMTEAAaYMp0M1pNfNPW8skTnnkC5ccG6Mf37EVjHdL32okcFZ8UDhgzW0_xo-LuY_aem_b7oVyvDXJEKY8O1J3yL9EA%23%2Fgallery%3Fgroup%3D504424 #//

01/27/2025

🚨 Today is the official start to tax season🚨

The deadline for filing, or filing an extension, is April 15, 2025. Individuals on extension will have until October 15, 2025 to file (but remember this is not an extension to pay if you owe!).

Give us a call at (203)779-5601 to schedule your appointment. We will continue to offer alternative options for completing your return including remote conferencing (phone or video), dropping off in person and sending your documents electronically or by mail.

04/02/2024

If you’ve been using payment apps or online marketplaces, listen up! The IRS has some news about the Form 1099-K reporting requirements for tax year 2023. 📝
👉 What’s Changing?
- The previous reporting threshold of $600 has been delayed for 2023. So, for this year, payment apps and online platforms will only send out Forms 1099-K to taxpayers who receive over $20,000 and have more than 200 transactions. 📊
- For tax year 2024, the IRS plans to introduce a new threshold of $5,000 to gradually phase in the reporting requirements.
👉 What Does This Mean for You?
- If you’re a seller, whether it’s your side hustle, small business, or just decluttering your closet, keep an eye out for that Form 1099-K. 📬
- Even if you don’t hit the reporting threshold, remember: all income is taxable (unless it’s excluded by law), whether you get a 1099-K or not. 🧾
👉 Why the Change?
- The IRS wants to make things less confusing for taxpayers and streamline the reporting process. 🔄
- Plus, they’re giving themselves a little extra time to fine-tune their operations. 🕰️
👉 What Should You Do?
- Review your Form 1099-K when you receive it. Make sure the amount is accurate.
- Consider any deductible expenses associated with your payments. 💡

Remember, the higher threshold doesn’t change the tax law—it just simplifies the paperwork.

For more info, check out https://www.irs.gov/businesses/understanding-your-form-1099-k.

03/10/2024

72% of consumers expecting a refund from the IRS this year. Where is the money going?

A recent survey by found that:

42%, plan to put at least some of their refund into savings
36%, plan to pay off debt with the funds
30% plan to use it to catch up on their monthly bills
29% are considering using it to pay for insurance
23% plan to use their tax refund on something “fun”
19% plan to invest it
3% plan to donate it
12% are undecided on how they will spend it

How do you plan to use your refund?

Haven’t filed yet? Give us a call at (203) 779-5601 to schedule an appointment!

https://www.foxbusiness.com/personal-finance/heres-how-americans-plan-spend-their-tax-refunds

02/19/2024

Do you own or control a company that was created or registered in the United States? If so, you may need to report your beneficial ownership information to FinCEN, the Financial Crimes Enforcement Network. This is a new requirement under the Corporate Transparency Act of 2021, which aims to prevent money laundering, tax evasion, and other illicit activities through shell companies.

Beneficial owners are individuals who own or control at least 25% of the company, or have significant influence over its management.

A reporting company created or registered to do business:
- Before January 1, 2024, will have until January 1, 2025
- On or after January 1, 2024, and before January 1, 2025, will have 90 calendar days
- On or after January 1, 2025, will have 30 calendar days
…after receiving notice of the company’s creation or registration to file its initial beneficial ownership information report.

To report your beneficial ownership information, you need to provide your name, birthdate, address, and a unique identifying number and image from a valid identification document, such as a passport or driver’s license.

We’ll be discussing this with all clients who may be impacted this tax season.

https://www.fincen.gov/boi

02/11/2024

Are you betting on who will win the Super Bowl? 🏈 Whether you’re a fan of Mahomes, Purdy, or Swift, make sure you know the tax rules for gambling winnings. 💰

The IRS considers all gambling winnings as taxable income, whether you win cash, prizes, or free bets. You must report your winnings on your tax return, even if you don’t receive a Form W-2G from the payer. You may also have to pay estimated taxes on your winnings throughout the year. 😨

Don’t worry, we can help you report your winnings, deduct your losses, and avoid any penalties or audits. 🚫

Don’t wait to tackle your taxes. Call to schedule your appointment now 203-779-5601 📞 so you can focus on enjoying the game.

02/02/2024

The House voted 357-70 last night (Jan 31st) to pass a bipartisan bill, the Tax Relief for American Families and Workers Act of 2024. The $78 billion tax package will now go to the Senate.

This could impact the current tax season if signed into law, particularly the Child Tax Credit.

https://www.finance.senate.gov/imo/media/doc/the_tax_relief_for_american_families_and_workers_act_of_2024_technical_summary.pdf

01/09/2024

🗓️ The IRS announced that they will begin accepting and processing 2023 tax returns on January 29, 2024 marking the official start of tax season.

The deadline for filing, or an extension to file is April 15, 2024. Individuals on extension will have until October 15, 2024 to file.

Appointments start January 29th so give us a call at (203) 779-5601 to secure your date and time. We will continue to offer alternative options for completing your return including remote conferencing (phone or video), dropping off your documents, or sending them to us via mail or electronically just give us a call to coordinate.

06/20/2023

As we approach summer and the busiest travel season, you may consider new ways to get around - including more efficient, electric vehicles. If you are considering purchasing a new, plug-in or fuel cell electric vehicle, you may be eligible for a tax credit.

The Inflation Reduction Act (IRA) allows a maximum credit of $7,500 per vehicle. The availability of the credit will depend on several factors, including the vehicle's MSRP, its final assembly location, battery component and/or critical minerals sourcing, and your modified adjusted gross income (AGI).

To see what qualifies, go to: https://fueleconomy.gov/feg/tax2023.shtml

If you do purchase a vehicle and qualify for the credit, the seller will provide you a report that we will need next year to complete your return and file for the credit.

Address

168 Boston Post Road Suite 10
Madison, CT
06443

Website

http://www.shorelinetaxsolutionsllc.com/

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