Members in the News
John Lieberman (Manhattan/Bronx)
The "Cash Me Ousside" Girl Is Sadly About to Become a Millionaire
March 23, 2017
In 2016, celebrity is more accessible than ever, and, thanks to social media, it can often just be the result of serendipity rather than unfading ambition. Day after day, wanna-be influencers in fitness, tech, style, and more try to manufacture their own viral moments on Instagram, Snapchat, Facebook, and Twitter. For some, it's an endless slog of low-level engagement and content. For others, like Danielle Bregoli, a.k.a. the "Cash Me Ousside" Girl, whose brief appearance on The Dr. Phil Show in September 2016 has since resulted in a massive social media following, viral celebrity unexpectedly thrusts you into the world of lucrative product deals, appearance fees, and—possibly, probably—a million dollars. New York accountant John Lieberman estimates that Bregoli still has her work cut out for her, though. Taxes, as well as various hidden fees associated with management costs, living expenses, and more will all undercut Bregoli's purported wealth.
Patrick Daly (Manhattan/Bronx)
IRS Makes Up Lost Ground Issuing Refunds
Wolters Kluwer – Standard Federal Tax Reports (Page 4)
March 22, 2017
After a delay in the issuance of refunds early in the filing season, the IRS has made progress in getting refunds into taxpayers’ hands, recently-posted statistics show. Nevertheless, the number of refunds issued has declined by nearly six percent as of March 10, compared to the same time last year. Based upon the Protecting Americans from Tax Hikes Act of 2015, the IRS was holding all earned income tax credit (EITC) and additional child tax credit (ACTC) refunds until February 15, 2017 in an attempt to combat identify theft and tax fraud, Patrick Daly, CPA, who serves on the Taxation of Individuals Committee, New York State Society of CPAs, told Wolters Kluwer.
Michelle Staebell (Rochester)
Tax filing extension options
WROC Rochester First
March 20, 2017
CPA Michelle Staebell of the New York State Society of CPAs discussed some options for filing for an extension on your tax return Monday on News 8 at Sunrise. This year's individual tax deadline is April 18. For those who feel they will not be able to submit a return by then, Staebell said there is an option. "There's an automatic extension for for six months until October 16 this year," she said. "It's really easy to file. Anyone can file it. Because it's automatic, you don't even need to tell the I-R-S why you need the extension." Staebell said the actual form is a 48-68, but you can go onto the IRS' website, which is irs.gov, and free file online.