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What New York CPAs Are Talking About

  • Posted in: NYSSCPA Open Forum

    Hi Craig, In addition to the items below, eligible designated beneficiaries (EBD) include: Disabled individuals (under the strict IRS rules) Chronically ill individuals Any designated beneficiary (including qualifying trusts) who inherited before 2020 Also, please note that eligibility ...

  • Posted in: NYSSCPA Open Forum

    Mr. Cohen, the original price and the book value is $120,000. the fair market value of medallions are $300,000. she owes about 1.3 million dollars. she isn't paying the loan on time, hence the loan modification. ------------------------------ Bryan Sarfati Manager Sarfati Accounting (917) 7059583 ...

  • Posted in: NYSSCPA Open Forum

    Bryan What is the current value of the taxi medallion? what was the value when the loan was originally obtained? how was the original purchase recorded on the business "books". The restructuring of the loan is because there was a permanent devaluation of the collateral. with very little income, is your ...

  • Posted in: NYSSCPA Open Forum

    Ms Nadler, as always your help is much appreciated. when i speak to the client I will advise her to seek counsel. thank you again. bryan ------------------------------ Bryan Sarfati Manager Sarfati Accounting (917) 7059583 The opinions expressed are the views of the author alone and should not be ...

  • Posted in: NYSSCPA Open Forum

    I would strongly recommend that she speaks with an experienced tax attorney who could help her with the legal aspects of her situation coupled with the tax issues. You could be involved as well to some degree but I would let the attorney lead. The federal and state taxes will be very substantial and ...

NYSSCPA News

  • Posted in: NYSSCPA News

    Come meet New York's top hiring managers. Find your next job or internship. Last chance to register ! Here are a few things to help you prepare to make the most of the day. Date: Friday, September 23, 2022 Time: 9:00 AM – 1:00 PM Place: The Conference Center, 130 East ...

  • 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

    If you're interested in serving on the Nominating Committee, the petitions are now available. Please see details here. ------------------------------ Timothy Twofoot Boulette General Counsel New York State Society of CPAs New York NY (212) 719-8300 The opinions expressed are the views of the author ...

  • 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

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    New Member

    Posted in: Introduce Yourself

    Hello Everyone! My name is Rachael Kharag and I am currently a sophomore at CUNY, York College. I am expected to graduate in the year 2024 with an Bachelor's Degree in accounting and will go further for ...

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