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NYCPA News

  • Posted in: NYSSCPA News

    Hi everyone, I am excited to share the Society's July 2025 event calendar. There's lot of great happenings this month and I hope to see many of you there either via Zoom or in person (including at the Moynihan Scholarship Fund Upstate Gala in Syracuse on July 24th -- I have already registered ...

  • Posted in: NYSSCPA News

    Dear Fellow Society Members, I am absolutely thrilled to share this announcement, which I understand has been sent out to all Society members this morning via email. Some truly great advocacy work here by the NYCPA's Government Relations Team in conjunction with the Society's PAC and Legislative Task ...

  • Posted in: NYSSCPA News

    Please see full announcement here . ------------------------------ Timothy Twofoot Boulette ttwofootboulette@nysscpa.org General Counsel New York State Society of CPAs New York NY (212) 719-8300 The opinions expressed are the views of the author alone and should not be attributed to any other individual ...

  • Posted in: NYSSCPA News

    Would you like to serve on the NYCPA Nominating Committee? To be nominated for the Nominating Committee, petitions with electronic signatures must be received on or before 12 p.m. (EDT) on Friday, Aug. 8, 2025, and shall be sent by email to the NYCPA Secretary/Treasurer at secretarytreasurer@nysscpa.org ...

  • Posted in: NYSSCPA News

    Dear Fellow Members of the New York State Society of CPAs, I am honored to begin today my service as the incoming President of the New York State Society of CPAs. It is truly humbling to be recognized by an organization that does so much good for our profession and our community. At the ...

New Community Open to All Members: Introduce Yourself

  • Posted in: Introduce Yourself

    Hello everyone! My name is Denys Verbinskyi, and I joined the NYSSCPA's last week. I am currently gong into my last semester of school as an accounting and financial planning major at the University ...

  • Posted in: Introduce Yourself

    Hello! ------------------------------ Ais Badminova 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 ...

IRS Discussion & FAQ

  • 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 ...

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