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What New York CPAs Are Talking About

  • Posted in: NYSSCPA Open Forum

    Dear Susan, I don't see a 4/30 session at the links you provided. Regards, Louis ------------------------------ Louis Feinstein President Louis E. Feinstein, CPA P.C. New York NY (917) 658-2193 LEFCPA@AOL.COM The opinions expressed are the views of the author alone and should not be attributed ...

  • Posted in: NYSSCPA Open Forum

    From the IRS today (hyperlinks are active below) Virtual information session on BOI reporting requirements April 30 A new law requires many companies doing business in the United States to report information to the U.S. Department of the Treasury's Financial Crimes Enforcement Network ...

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    RE: Pension check

    Posted in: NYSSCPA Open Forum

    Thank you all for your information. Jerry

  • Posted in: NYSSCPA Open Forum

    Not likely, but theoretically, sure. However, it would be extremely unlikely that she would have the ability to change the form of payment after payments had commenced - even if a rollover-eligible form of payment were available, which isn't a given. In fact, the plan might very well have purchased ...

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    RE: Pension check

    Posted in: NYSSCPA Open Forum

    Dear Jeffrey, Assuming the payments in Gerald's case are not RMDs and accepting that they can not be rolled over for the reasons you describe, might his client be able to make changes to permit them to be? I imagine the plan would need to provide required flexibility in this regard. Regards, ...

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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