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EVENT CALENDAR

NEWS

Feb/1/2023

Comments on meeting and answers to questions

Dear Colleagues, Thank you for attending our Verifyle Meeting. VIEW COMMENTS

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Jan/20/2023

Seminar – Jan 31 2023

The Seminar is Entitled Data Security (Creating a WISP) Plan and the use of the secure Verifyle messaging and e-mail system. The Speakers are Richard Rottkamp, and Leonard E. Mandel. The Fee for membership is $50.00 and for nonmembers is 100.00 PAY NOW

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Nov/8/2022

11/22/22 – Cryptocurrency & Tax Implications

This presentation is meant as general information for the viewers and doesn’t create an attorney-client relationship. This article and related presentation is not intended to and does not provide a definitive legal opinion for any particular set of facts. No, this presentation isn’t legal or financial advice – don’t rely on it for yourself or […]

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Jun/30/2022

MEMO: I BONDS

Quick primer about I Bonds 1) Introduced in 1998 2) Purchased from the Treasurydirect.gov website. 3) Bonds are designed to protect against inflation. 4) Interest rates are adjusted twice a year (May and November) 5) Current rate is 9.62% 6) How much can I purchase? A) 10,000 per person limit per annum each year B) […]

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May/26/2022

ROBB Elementary School Tragedy

To All Our Valued Members: In light of this tragic incident in Uvalde, Texas we the Board of NYSIA/NYSTAP have decided to contribute $1,500.00 to the newly established “Robb School Memorial Fund” to aid the victims families, medical organizations, law enforcement of whatever means these funds can help. We believe that we not only strive […]

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Mar/17/2022

The following must be attached to any tax return that has had PPP Loan Forgiveness.

I.1, PPP Tax-exempt Income Timing and Basis Adjustment Guidance Issued (Rev. Proc. 2021-48; 2021-49; 2021-50) Nov. 19, 2021 DOWNLOAD FILE Federal Tax The IRS has released additional Paycheck Protection Program (PPP) loan forgiveness guidance. The guidance addresses (1) timing issues; (2) partner and consolidated group member basis adjustments; and (3) filing of amended partnership returns […]

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Mar/17/2022

LEM: MEMO Remember the Property Tax Relief Credit For NYS

LEM: MEMO Remember the Property Tax Relief Credit For NYS DOWNLOAD FILE

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Mar/10/2022

LEM: MEMO Your Wealthy Tax Client

Donating Securities instead of cash How Does It Work? Donating appreciated assets like property or securities could benefit the donor by protecting the donor from having to pay capital gains tax that may be imbedded in the assets they own. Shares of stock, for example, with unrealized capital gains can be gifted with no capital […]

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Feb/16/2022

Solar Credits

Federal The residential energy efficient property credit allows for a credit equal to the applicable percent of the cost of qualified property. Qualifying properties are solar electric property, solar water heaters, geothermal heat pumps, small wind turbines, fuel cell property, and, starting December 31, 2020, qualified biomass fuel property expenditures paid or incurred in taxable years […]

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Feb/6/2022

ALERT: New IRS Form

The IRS has just released a completely new form, Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations. This form must be filed with an S corporation shareholder’s 1040 under a variety of different circumstances.

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