Mar 20, 2020 | COVID-19 Response, Firm Updates
Today, the Treasury Secretary Steven Mnuchin announced the Federal tax filing deadline had been extended from April 15 to July 15. Later in the day, New York Governor Andrew Cuomo announced that New York would extend the state tax filing deadline to July 15, as well....
Mar 17, 2020 | Firm Updates, Individual Tax
More investors than ever are contemplating adding virtual currency to their portfolio. Whether you are curious about Bitcoin, Ethereum, Facebook’s recent entry Libra, or any of the thousands of other virtual currencies available now, you may be thinking it is time for...
Mar 5, 2020 | Firm Updates, Individual Tax
Among the many changes brought about by the Tax Cuts and Jobs Act (TCJA) are changes to the calculations of Net Operating Losses on individual income tax returns. Losses arising in tax years ending after 2017 can generally only be carried forward (the carry-forward...
Feb 14, 2020 | Firm Updates, Individual Tax
The NYS State School Tax Relief Program, also known as the STAR, provides homeowners in New York with relief on their property taxes. There are two types of STAR programs – the Basic STAR and the Enhanced STAR. To qualify for the Basic STAR, you need to fulfill...
Feb 10, 2020 | Firm Updates, International Tax
The IRS has announced new procedures that allow certain expatriates who have relinquished their U.S. citizenship to come into compliance with their U.S. tax and filing obligations and receive relief for back taxes. The new procedures can be found on the IRS website....
