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Client lent her niece's LLC 210K in 2014 Also invested 100K directly in her niece's Partnerhsip ( the LLC is a partnership) We didn't get K-1 this year so I contacted niece who wrote me: " I want to let you know that I had to formally dissolve the company last year due ...

Client lent her niece's LLC 210K in 2014 Also invested 100K in her niece's S Corp We didn't get K-1 this year so I contacted neice who wrote me: " I want to let you know that I had to formally dissolve the company last year due to a lack of funds, and as such, I ...

Just an FYI. Getting an amended W-2 from your employer may not be easy. Don't forget that along with the amended W-2, the 940, 941 and NYS-45 (if NY employee) payroll returns would also have to be amended if taxable wages are affected. If the employer is using a payroll service, it may be costly to the ...

What's in it for me? NYCPA Toastmasters club is putting together a member drive. See what Toastmasters can do for you. Check the link and consider joining our committee. Club Website: https://6729846.toastmastersclubs.org/ Day/Time of Workshops: Last Thursday of every month at 6:15pm thru ...

Writing in my role as conference chair, I hope you can join us at the NYCPA 2025 Annual Estate Planning Conference on May 22nd, which my firm is hosting at its Midtown Manhattan office. (Attendance via webinar is also available.) We will keep you up to the moment on what trusted advisors need ...

The Legislative Update is a monthly email designed to provide our members with insight into how the NYCPA is advocating on their behalf. In the Legislative Update , you will find sections that dive deep into the work the NYCPA does with government agencies, information on legislative victories, ...

Please note that the deadline for submitting nominations (including self-nominations) to both the FAE Board of Trustees and the MSF Board of Trustees has been extended to this Friday, February 14th. Further details are set forth below. Best regards, Kevin *** Board of Trustees ...

The Legislative Update is a monthly email designed to provide our members with insight into how the NYCPA is advocating on their behalf. In the Legislative Update , you will find sections that dive deep into the work the NYCPA does with government agencies, information on legislative victories, ...

I am pleased to post the following call for nominations to the FAE Board of Trustees in my role as Society President-elect. Best regards, Kevin *** *** FAE Board of Trustees Nominations Due by Feb. 7 If you are interested in serving on the Foundation for Accounting Education (FAE) ...

The Legislative Update is a monthly email designed to provide our members with insight into how the NYCPA is advocating on their behalf. In the Legislative Update , you will find sections that dive deep into the work the NYCPA does with government agencies, information on legislative victories, ...

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 ...