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What's in the News

  • Posted in: News Highlights

    Good morning, Here are some of the latest news highlights featuring NYSSCPA members as well as other accounting and financial new stories that have been published. Best, Maya NYSSCPA Members in the News David Young (Rochester) Common tax filing mistakes WROC Rochester First...

  • Posted in: News Highlights

    Good morning, Happy Friday! Before enjoying your weekend, check out some of the latest accounting and financial news stories that have been published. Best, Maya Accounting and Financial News Stories This Roth IRA Move Can Create a Massive Tax Headache TIME - Money I've...

  • Posted in: News Highlights

    Good morning, Here are some of the latest news highlights featuring NYSSCPA members as well as other accounting and financial news stories that have been published. Best, Maya NYSSCPA Members in the News Matt Bryant (Rochester) Driver's License Required to File Taxes in...

  • Posted in: News Highlights

    Good morning, Here are some of the latest news highlights featuring NYSSCPA members as well as other accounting and financial news stories that have been published. Best, Maya NYSSCPA Members in the News Barry Kleiman (Manhattan/Bronx) IRS Begins Releasing Returns Delayed...

  • Posted in: News Highlights

    Good morning, Here are some of the latest news highlights featuring NYSSCPA members as well as other accounting and financial new stories that have been published. Best, Maya NYSSCPA Members In the News Matt Bryant (Rochester) Tax return driver's license requirement WROC...


Member Spotlight

Members in the News

Matt Bryant (Rochester)

Tax return driver's license requirement
WROC Rochester First
February 21, 2017
CPA Matt Bryant of the New York State Society of CPAs discussed an important new requirement for all New York tax returns beginning this year Monday on News 8 at Sunrise. Bryant said beginning this year New Yorkers will be required to submit a copy of their driver's license with their tax return.  "The state is asking for the driver's license information as an additional verification step, to make sure that the tax refunds go to the right people," he explained. The IRS will review the state of issue, issue date, expiration date, and document number.

Charles Benway (Westchester)

IRS May Be Stepping Up Scrutiny Of Mortgage Deductions
The Commercial Record
February 16, 2017
If you’re like millions of homeowners, you recently received a familiar, innocuous-looking document from your lender. It’s called Form 1098 and it totes up how much interest you paid on your mortgage last year. Your lender is required by law to fill it out and send it to the IRS. But there are key differences in this year’s form that are easy to miss yet potentially important to you – and could trigger an audit by the IRS. Under an obscure statutory change buried in a federal highway bill that passed Congress in the summer of 2015, your lender must now disclose more information to the IRS about your loan, including the amount of the outstanding principal balance at the beginning of the year, the origination date of your mortgage and the address of the home securing the loan.

Anthony Mangiameli (Rochester)

What you can't deduct on your tax return
WROC Rochester First
February 13, 2017
CPA Anthony Mangiameli of Insero & Associates and the New York State Society of CPAs discussed some of the items that cannot be deducted on your tax return Monday on News 8 at Sunrise. "There are a lot of expenses that individuals are going to considering when filing a tax return, whether they're going to take a standard deduction or they're itemizing," said Mangiameli. "One of the biggest misconceptions is that individuals believe that they can deduct the mileage of their normal commute from their home to their base of business." There are some exceptions.  "Let's say your normal daily commute from home to work is twenty miles, and you spend fifty business miles on the day, that thirty miles in excess of your normal commute, you'll be able to deduct," Mangiameli explained.

 

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