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What New York CPAs Are Talking About

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    RE: NYS PTET refund

    Posted in: NYSSCPA Open Forum

    Thanks Gerald. I forwarded your comments and others on to her. Marti ------------------------------ Martha Vail Sole Practitioner Martha E. Vail, CPA Centereach NY [ The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall ...

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    RE: I Bonds-Hold Or Fold?

    Posted in: NYSSCPA Open Forum

    I agree that their website was difficult to navigate at first but once I finally figured out what they were doing I was okay. The problem with selling at this point is, I believe, that if you have had them five years then you lose three months interest. I haven't been back to the website in over a ...

  • Posted in: NYSSCPA Open Forum

    Hello all, See below for the registration link for the 8 credit Queens/Brooklyn Accounting & Auditing Conference to be held on the St. John's Queens campus on Wed May 22 nd . Breakfast and lunch will be provided at a cost of $150 for members. Hope to see many of you there. ...

  • Posted in: NYSSCPA Open Forum

    Thank you, Louis. Karen Goldberg is excellent, indeed. We are so fortunate to have Perry Shulman, who extended the invitation to Karen. It's going to be a fantastic event. We look forward to having you. Here is the link again: https://cpe.nysscpa.org/produc t/35441 ------------------------------ ...

  • Posted in: NYSSCPA Open Forum

    Yes Andrew, provided the child qualifies as your client's dependent for both requirements other than the gross income test which is really just the support test because the relationship test is satisfied by the person being your client's child. PLEASE NOTE NEW ADDRESS BELOW WILLIAM ...

NYSSCPA News

  • Posted in: NYSSCPA News

    The Legislative Update is a monthly email designed to provide our members with insight into how the NYSSCPA is advocating on their behalf. In the Legislative Update , you will find sections that dive deep into the work the NYSSCPA does with government agencies, information on legislative victories, ...

  • Posted in: NYSSCPA News

    The Legislative Update is a monthly email designed to provide our members with insight into how the NYSSCPA is advocating on their behalf. In the Legislative Update , you will find sections that dive deep into the work the NYSSCPA does with government agencies, information on legislative victories, ...

  • Posted in: NYSSCPA News

    The Legislative Update is a monthly email designed to provide our members with insight into how the NYSSCPA is advocating on their behalf. In the Legislative Update , you will find sections that dive deep into the work the NYSSCPA does with government agencies, information on legislative victories, ...

  • Posted in: NYSSCPA News
  • Posted in: NYSSCPA News

    FAE is seeking candidates for consideration to serve as Trustees on the FAE Board. More information here: https://www.nysscpa.org/news/publications/the-trusted-professional/article/fae-board-of-trustees-nominations-due-by-feb.-2-121823 ------------------------------ Timothy Twofoot Boulette General ...

New Community Open to All Members: Introduce Yourself

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    New Member

    Posted in: Introduce Yourself

    I recently joined the NYSSCPA and am looking forward to becoming a resource for my fellow members within the areas of my professional expertise. I am a Senior Vice-President and equity shareholder at ...

  • Posted in: Introduce Yourself

    Hi Everyone, I recently joined the NYSSCPA organization and am looking forward to participating in these threads. My focus day to day is assisting tax & finance departments with introducing technology ...

IRS Discussion & FAQ

  • US citizen owned 55% of a CFC. the T/P sold the 55% and will have a capital gain. Foreign tax was paid on the gain. Is the gain eligible for foreign tax credit? If so, what basket? Thank you ------------------------------ Virginia Kunkel Virginia A Kunkel CPA Albany NY (518) 573-0589 The ...

  • Please see below a list of contacts for the taxpayer advocate personal who handled international matters: INDIVIDUAL Philadelphia Local Taxpayer Advocate: Latifah Wilson-(267) 466-2318 Puerto Rico Local Taxpayer Advocate: David Linares-(787) 522-1992 ...

  • The Internal Revenue Service announced new penalty relief for approximately 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic. The IRS will be providing about $1 billion in penalty relief. Most of those receiving ...

  • Hello Everyone, My name ids Patrick Lee-Fatt and this is my first discussion inviting all members for their comments. Could COBRA premiums be applied to IRS Notice 2008-1 Health benefits purchased in the name of a 2% plus shareholder (Single member LLC elected to report as S" corporation) ? The ...

  • To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Credit processing amid surge of questionable claims, concerns from tax pros and aggressive marketing to ineligible applicants, posing unacceptable risk to businesses and the tax system. Please see the attached memos. ...

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