Industry Updates


New FinCEN Reporting Obligation starting January 1, 2024

In 2021, Congress passed the Corporate Transparency Act (CTA).  This act represents a significant change in the regulatory landscape for...
Read More

IRS Issues Warning About Fake Charities

In a recent news release, the IRS issued a warning to taxpayers to be careful about donating to fake charities....
Read More

IRS Halts Processing on ERC Tax Break Claims

The IRS announced on September 14 that it will be temporarily halting processing on claims for the employee retention tax...
Read More

Five Things You Should Know About Calling the IRS

If you have tax troubles or questions, one potential source of help is to call the Internal Revenue Service’s help...
Read More

Five Things You Should Know About Filing an Extension For Your Taxes

It is estimated that as many as 19 million people filed extensions for their tax returns last year, according to...
Read More

Congress’ Decision on SALT Cap Could Affect Long Island Homeowners

Republicans in Congress are attempting to extend the tax cuts that were implemented by former President Donald J. Trump, but...
Read More


What is the NYS PTET (“Pass-Through Entity Tax”) (NYS Technical Memorandum TSB-M-21(1)C)? The NYS PTET is a tax paid through...
Read More

IRS announces tax relief for New York victims of remnants of Hurricane Ida

Victims of remnants of Hurricane Ida that began September 1, 2021 now have until January 3, 2022, to file various...
Read More

Stimulus Checks From American Rescue Plan

As a result of the American Rescue Plan Act being signed into law, millions of Americans will be receiving $1,400...
Read More

2020 Gifting Update

If you receive our firm’s newsletter then you are aware that the estate/gift lifetime exclusion may be decreasing substantially after...
Read More
1 2 3
Skip to content