Mar 17, 2020 | COVID-19 Response, Firm Updates
Updated 3/20/2020: In response to the COVID-19 (Coronavirus) pandemic, the Treasury Department and Internal Revenue Service are extending the federal income tax payment deadline until July 15, 2020. Here are the specifics: Individuals and Trusts: Payment of up to $1...
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 13, 2020 | Firm Updates
Please read our updated precaution statement by clicking here. Regarding the current outbreak of the Coronavirus (COVID-19), until further notice Sciarabba Walker will be taking the following precautions: All staff will be given the option to work from home starting...
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....
