By Edward Mendlowitz Published March 06 2017 Here are some ways to save you and your tax practice some headaches this season. 1. I know you are busy getting corporate returns completed, but you should give priority to 1120S and 1065 returns where K-1s will be going to people that you do not prepare 1040s […]
CPA firms are adding to their fields of expertise in order to take advantage of new opportunities By Brett Johnson, February 27, 2017 at 3:00 AM Ralph Thomas, CEO and executive director, New Jersey Society of CPAs – (PHOTOS BY AARON HOUSTON) New Jersey Society of CPAs CEO Ralph Thomas has seen accounting firms […]
By Michael Cohn January 24 2017 American Institute of CPAs president and CEO Barry Melancon is expecting Washington to pass major tax reform legislation during the Trump administration, and some Democrats may even cross the aisle to help Republican lawmakers enact it. Speaking Tuesday in New York at a meeting of the Accountants Club of […]
By Joanne Barry January 23 2017 Donald Trump being sworn in on the steps of the Capitol Building. Bloomberg News Some people love him. Some people hate him. Regardless of what anyone feels about him, New York City real estate mogul and TV reality show star of The Apprentice Donald J. Trump has been sworn […]
Federal Tax Planning Strategies for Individuals and Small Businesses By: Warren M. Bergstein, CPA, AEP Published Date: Jan 1, 2017 Every year, to minimize their overall liability, taxpayers should start giving consideration to moves that may either lower their current year tax bill or equalize their tax liability over a two-year period. Some of the […]
By Alistair M. Nevius, J.D. September 2, 2016 The IRS warned tax practitioners on Friday of a new wave of cyberattacks that allow criminals to remotely access practitioners’ computers and file fraudulent tax returns. The attacks come as practitioners prepare for the Oct. 17 extended filing deadline for individual returns; the IRS reported similar attacks […]
AUGUST 23, 2016 BY DIANA SPATOULAS Most people have never heard of the alternative minimum tax, and those that have probably would love to forget about it and wish that it would just go away.For 2015, the Tax Policy Center projects the AMT will impact 4.1 million taxpayers and generate $28.2 billion—so it is safe […]
WASHINGTON, D.C. (AUGUST 11, 2016) BY MICHAEL COHN The Internal Revenue Service is sounding the alarm about a new scheme in which scammers send emails purporting to come from tax software companies, instead fooling tax preparers into clicking on a link that will load malware on their computers. The email urges recipients to click on […]
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