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https://irahelp.com/real-life-scenario-minor-as-edb-beneficiary/ A hot topic at the last Relations with IRS Committee meeting Ed Slott and Company, LLC Real Life Scenario: Minor as EDB Beneficiary - Ed Slott and Company, LLC A member of Ed Slott's Elite ...

I know this was discussed earlier, but it is certain that the NYS Inflation Refund checks are taxable for federal purposes, is that right? I read on the NYS website that the refund is considered a refund of sales tax. However, it was my understanding these checks aren't considered tax refunds, so even ...

Yes. I found buried in IRS pub 463 that if you take actual in year 1, you must stay with actual. If you go with mileage in year 1 you can switch to actual in year 2, but must use SL to depreciate the auto.. Gerald S. Cohen, CPA cell 516 455-0643 jerrycohencpa@gmail.com

If you write off the full cost in year one then you are electing to use the actual cost method I believe. You would need to use actual going forward I believe. Marti ------------------------------ Martha Vail Retired Martha E. Vail, CPA Centereach NY [ The opinions expressed are the views of the ...

Yes, I had also received such a notice from one of my clients who also filed a joint return. I assume it was a computer glitch which would be self-rectified by the IRS, but I had the taxpayer submit a Form 15103 with a copy of Form 9325 e-File Acknowledgement anyway. I haven't heard anything back yet. ...

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 ...

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 ...