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If the shareholder is a nonresident for part of the year, it is correct that there is nonresident withholding due for the income allocable to the nonresident period, assuming there was CT-source income earned during the nonresident period. ------------------------------ Gregory Re Partner Trove Stamford ...

Good morning. I have an S Corp, shareholder Part-Year Connecticut Resident. We use Lacerte. On the Composite Return, Form CT-1065/CT-1120SI, the tax is computed at 6.99% with the PE credit equal to 87.5% of the tax. The result is the entity owes the 12.5% not allocable to the shareholder. ...

Jeff there is not enough information. Was there a will? What are the requirements and nature of this Estate Trust? Did it terminate immediately after sale etc.? Very truly yours, ROBERT S. BARNETT Long Island Office: 487 Jericho Turnpike ...

An estate can elect a fiscal year filing, so assuming everything can be wrapped up by September 2026, only one Form 1041 would be required. If it is a trust, that must be filed on a calendar year. ------------------------------ Joseph Harary Delray Beach FL The opinions expressed are the views of ...

Have a client whose father died in Oct 2025. An estate trust was opened in his name with his daughter as Trustee Fiduciary. Her father's house was sold in January 2026 as part of the trust. There is money in the trust from the sale of the house. When can the 1041 which included the grossed ...

For everyone's convenience, here are the l inks to both the Governance Committee memo and the full redline text of the proposed bylaws amendment: https://www.nysscpa.org/docs/default-source/pdf/governance-committee-memo-for-2-4-26-nysscpa-bod-meeting.pdf https://www.nysscpa.org/docs/default-source/pdf/redline-dtd-2-1-26-for-proposed-2026-amendments-to-amended-and-restated-bylaws-with-amendments-eff-6-1-2023.pdf ...

Dear Fellow Society Members, As many of you know via our bi-monthly Society Town Hall meetings, one of my primary areas of focus during my term as Society President for the 2025-2026 fiscal year is to modernize the Society's bylaws by gradually reducing the Society Board's size from 35 directors ...

Hi everyone, We still have 9 tickets available for the Brooklyn Nets versus San Antonio Spurs NYCPA Networking Event at Barclays Center on February 26th . The NYCPA will be the "Non-Profit of the Game" and rumor has it that yours truly will be interviewed courtside at halftime. This ...

As many of you know, I started (after Elliot Hendler's memory tribute was posted on the Exchange) the campaign to bring back 'committee'. Thank you to all of you who posted your agreement and to the Board who voted to reverse the 'community'. Alan ------------------------------ Alan E. Weiner CPA, ...

Hello everyone, I am excited to share the Society's February 2026 event calendar . There's lots of great happenings this month and I hope to see many of you there either via Zoom or in person as your schedules permit. Here's an item I'd like to highlight -- the Brooklyn Nets versus San ...