Summing It Up

Topic: Federal And New York State Tax Benefits

Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes

By Don Warrant, CPA on August 11, 2022

Good News for Non-Residents Owning Vacation Property in New York State The New York State Supreme Court, Appellate Division, Matter of Obus v New York State Tax Appeals Trib. (June 30,...

SALT Deduction Limit: Avoiding the $10,000 Federal Limitation in New York

By Don Warrant, CPA on September 17, 2021

SALT Deduction Limit: Avoiding the $10,000 Federal Limitation in New York Effective for tax years beginning on or after January 1, 2021, The New York State pass-through entity tax (PTET)...

New York State to Conform to Federal Rules and Not Tax Forgivable PPP Loans

By Richard J. Wright, Jr. CPA on January 15, 2021

In a surprising announcement, New York State has provided updated guidance that they will now conform and adopt the federal rule contained within the CARES ACT and not tax forgivable PPP...

The CARES Act: Elections Under Business Interest Limitation Rules Amended By IRS

By Bill Iannarelli, CPA and Jeff Zawada on May 5, 2020

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security “CARES” Act into law. The $2 trillion CARES Act contains an array of tax provisions designed to...

CARES Act – Economic Impact Payments

By Freed Maxick on April 16, 2020

There are still several questions regarding the payments, and the information below aims to answer some of them. On March 27, 2020, the President signed the Coronavirus Aid, Relief and...

CARES Act Provides Technical Amendment to Qualified Improvement Property

By Don Warrant, CPA on April 10, 2020

Bonus Depreciation Creates an Opportunity, but Requires an Overall Tax Analysis The 2017 Tax Cuts and Jobs Act (“TCJA”)...

Preparing Your Business for an Economic Downturn

Time Sensitive PCI Compliance Checklist for 2022

Is Your Business Eligible for a New York Tax Credit of Up to $25,000?

Entity Level Controls: Five Issues Caused by Weak or Non-Existent Controls in Place

Capital Improvement vs Repair: What the New York Construction Industry Needs to Know

The 4-Part Test to Qualify for the R&D Tax Credit

Summing It Up listing page

Topics

Stay up to date

Topic: Federal And New York State Tax Benefits

Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes

SALT Deduction Limit: Avoiding the $10,000 Federal Limitation in New York

New York State to Conform to Federal Rules and Not Tax Forgivable PPP Loans

The CARES Act: Elections Under Business Interest Limitation Rules Amended By IRS

CARES Act – Economic Impact Payments

CARES Act Provides Technical Amendment to Qualified Improvement Property

Stay up to date

Preparing Your Business for an Economic Downturn

Time Sensitive PCI Compliance Checklist for 2022

Is Your Business Eligible for a New York Tax Credit of Up to $25,000?

Entity Level Controls: Five Issues Caused by Weak or Non-Existent Controls in Place

Capital Improvement vs Repair: What the New York Construction Industry Needs to Know

The 4-Part Test to Qualify for the R&D Tax Credit

Summing It Up listing page

Topics

Stay up to date

Search The Blog

Topic: Federal And New York State Tax Benefits

Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes

SALT Deduction Limit: Avoiding the $10,000 Federal Limitation in New York

New York State to Conform to Federal Rules and Not Tax Forgivable PPP Loans

The CARES Act: Elections Under Business Interest Limitation Rules Amended By IRS

CARES Act – Economic Impact Payments

CARES Act Provides Technical Amendment to Qualified Improvement Property

Stay up to date