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I hope everyone's tax season is going as pleasant as possible! I've had the pleasure of working in public accounting for nearly two decades and I've never seen anything like this. I am now in the double digits of clients being selected for audits by NYS. The only common theme among them all and, they ...

$9150.00 ------------------------------ Tony Wong Wong & Company CPAs New York NY (212) 840-6123 The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion. ------------------------------

Proseries doesn't even have the forms yet! ------------------------------ Sari Ferraro Sole Practitioner Sari Ferraro, CPA Williston Park NY The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting ...

I use Drake and they told me that NYC has not approved them for e-filing the NYC 3L. Are you able to file with your software? Thanks, Paul N. Mendelsohn, CPA, LLC 973.943.1713 pnm.cpa@gmail.com https://mendelsohncpa.com Member AICPA NJCPA NYSSCPA

I have a client who received a 1099-INT for an interest penalty paid to the client by the disability insurance company. The client states significant legal fees were incurred to get the disability settlement. The client wants to deduct these fees against the interest income. From my understanding, the ...

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 ...

After a great deal of respectful discussion and exchange of viewpoints at today's NYSSCPA Board of Directors meeting, I am very pleased to announce that the Society Board of Directors voted today (February 4, 2026) to reinstate the use of the nomenclature " committees " in lieu of " communities of ...

My Dear Fellow Society Members, I hope you will join both Society CEO Calvin Harris and me this Thursday, January 22nd at 4:30 p.m. for our next Society Town Hall Meeting . There are several important matters to be shared and discussed with you, including a series of recent significant ...

Hello everyone, I am excited to share the Society's January 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 the link (with a cut and paste set forth below). NYSSCPA Event ...

Yes, the only "employees" would have been the husband and wife. I believe the payments to both were transfers that went to a shared personal account. So, yes, I would feel comfortable treating them as distributions.

Was he the only "employee"? were personal returns filed, W-2's prepared? Could the payments simply be distributions ------------------------------ Gerald Cohen Retired (no firm) The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity ...

Hello Everyone, I have new client that came in recently. Her husband died abruptly this month. She owns a firm. He was supposed to oversee the office, including the filing of taxes, but the taxes were never filed. I have emails from her stating that he buried the letters from NYS/IRS and, any ...

Yes, the only "employees" would have been the husband and wife. I believe the payments to both were transfers that went to a shared personal account. So, yes, I would feel comfortable treating them as distributions.

Was he the only "employee"? were personal returns filed, W-2's prepared? Could the payments simply be distributions ------------------------------ Gerald Cohen Retired (no firm) The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity ...

Hello Everyone, I have new client that came in recently. Her husband died abruptly this month. She owns a firm. He was supposed to oversee the office, including the filing of taxes, but the taxes were never filed. I have emails from her stating that he buried the letters from NYS/IRS and, any ...