Home

What New York CPAs Are Talking About

  • Posted in: NYSSCPA Open Forum

    Hi Folks, Going back to this thread for one more clarification. We all agree that NYC Board of Ed TDA (403 b) distributions are exempt from NYS tax. If, after retirement, a retiree rolled their TDA funds out of the plan and into an IRA at a brokerage or bank, I assume they would lose the NYS tax ...

  • Posted in: NYSSCPA Open Forum

    I believe we covered this topic before. Client dies in 2022 owning an apartment. There are no beneficiaries inheriting the apartment. The apartment is sold in 2023 to enable the Trustee to pay out the bequests specified in the will to various beneficiaries and charities. There is a capital loss on ...

  • Posted in: NYSSCPA Open Forum

    Yes, I've used my NYS practitioner's portal for many years and find it very useful for things like this although I have no PTET clients so haven't tried to make a payment for that tax. It is relatively easy to set up but client does need to sign a form to authorize you to do it but that just stays with ...

  • Profile Picture

    Roth401k.

    Posted in: NYSSCPA Open Forum

    A client who earns 250k and his wife earns 50k Per yr can opt into a roth 401k at work Is there an income limit for switching to a roth 401k? Ken weinstein cpa,cfp Tonawanda,NY Sent from my iPhone

  • Posted in: NYSSCPA Open Forum

    Thanks Ruth and Lou; appreciate the advice. Bill ------------------------------ WILLIAM A. BOTTIGLIERI, CPA JD Professor of Accounting Iona College LaPenta School of Business (914) 329-0021 wbottiglieri@iona.edu The opinions expressed herein are the views of the author alone and should not be attributed ...

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
  • 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 ...

  • 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, ...

New Community Open to All Members: Introduce Yourself

  • Profile Picture

    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. ...

Most Active Members

Click here to see the full Exchange Leaderboard and ways you can score points.