New York/Connecticut Association of Tax Professionals | Donna Perrone | Activity https://www.nyctatp.org/members/donnaperrone/activity/ Activity feed for Donna Perrone. Wed, 24 Jun 2026 04:39:31 -0400 https://buddypress.org/?v= en-US 30 hourly 2 b8ade76195184a8c182fca077e1c9239 Donna Perrone replied to the topic CHET in the forum Tax Discussion https://www.nyctatp.org/forums/topic/chet/#post-16483 Sat, 18 Dec 2021 13:50:03 -0500 Grandparents are also allowed a CT deduction. They don’t have to be a dependent for the GP.

]]> 70e742fcc971412f86e066fed5424a91 Donna Perrone replied to the topic PPP Loan for Self Employed in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ppp-loan-for-self-employed/#post-14208 Sun, 03 May 2020 21:51:28 -0400 Good question, Art, that is being asked a lot in the tax groups. The bottom line is we are waiting for more definitive guidance from the IRS on this. As for the utilities, what about Office in the Home for this person. They should be able to take the business percentage of utilities. I did read something about using line 31 of the 2019 Schedule C.…Read more

]]> 7c3166c658aafa0103bfb7fc71ce9f28 Donna Perrone replied to the topic CT Entity Deadlines in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-entity-deadlines/#post-14097 Sat, 28 Mar 2020 18:17:00 -0400 Tax returns due on 4/15 have been extended to 7/15, including Estates and Trusts.

1Q20 estimated tax payment is due 7/15.
2Q20 estimated tax payment is due 6/15.

]]> 93ce528820bb1116cd642ae0cfc91342 Donna Perrone replied to the topic Why You're Not Charging Enough for College Credits in the forum Tax Discussion https://www.nyctatp.org/forums/topic/why-youre-not-charging-enough-for-college-credits/#post-12620 Wed, 21 Aug 2019 20:54:39 -0400 Tom, it is http, not htts

interesting case! thanks for sharing!

Donna Perrone, EA

]]> c5cea911e68253ba46e83ce89dc4daea Donna Perrone replied to the topic Tax Software in the forum Tax Discussion https://www.nyctatp.org/forums/topic/tax-software/#post-12330 Sat, 13 Jul 2019 14:02:58 -0400 Yes, you can mask the SS#s. I am wondering of ProConnect Online is more like Turbo Tax, than ProSeries Professional.

]]> d40b52a4e90e38c0cb94da168befccba Donna Perrone replied to the topic Tax Software in the forum Tax Discussion https://www.nyctatp.org/forums/topic/tax-software/#post-12328 Sat, 13 Jul 2019 13:31:01 -0400 ProConnect is ProSeries. Why not use ProSeries Professional version, desktop? Do you need it online? I’ve used ProSeries for 25 years and I do some complicated returns. It is really easy to use and is a powerful program and not as expensive as ProSystemFX.

]]> d404b834420c90483ec27688f46a6968 Donna Perrone replied to the topic Form 2553, Election by a Small Business Corporation respones from IRS in the forum Tax Discussion https://www.nyctatp.org/forums/topic/form-2553-election-by-a-small-business-corporation-respones-from-irs/#post-12038 Tue, 04 Jun 2019 20:03:59 -0400 I’m taking a webinar on this right now! It says you will get a notification that election is accepted within 60 days. If you request a fiscal tax year, that takes an additional 90 days.

]]> f428e34c8e782cfe7afe80304c7f5564 Donna Perrone replied to the topic 754 Election for an LLC in an Estate in the forum Tax Discussion https://www.nyctatp.org/forums/topic/754-election-for-an-llc-in-an-estate/#post-11801 Thu, 30 May 2019 22:10:26 -0400 NATP is offering a webinar on 754 elections on June 25 and June 27, if you are a member.

]]> 6b723bb6e3e9a2631045e5707646f0f5 Donna Perrone replied to the topic Child actor in the forum Tax Discussion https://www.nyctatp.org/forums/topic/child-actor/#post-5275 Thu, 21 Mar 2019 00:03:09 -0400 You can still take a below the line deduction for performing artists if they make less than $16,000. No he can’t be HH. How does the mother support the household?
AS for taking deductions, look at the Audit Technique Guide for Entertainers. I understand that they can take deductions on Sch C. This is per my NY friend who has done…Read more

]]> dc68ca06441658b40c71afcd4e5030da Donna Perrone replied to the topic 199A: Two questions..... in the forum Tax Discussion https://www.nyctatp.org/forums/topic/199a-two-questions/#post-5203 Sat, 16 Mar 2019 15:44:19 -0400 I use Pro Series. My software does everything seamlessly. I haven’t had to make any overrides. Who are you using?

]]> 8480a5168d9775a62d19781024488111 Donna Perrone replied to the topic Qualified business deduction in the forum Tax Discussion https://www.nyctatp.org/forums/topic/qualified-business-deduction-2/#post-5151 Wed, 13 Mar 2019 18:21:37 -0400 This is a qualified business as most businesses are. I think your question is, is it a SSTB. It sounds like it falls under Athletics.
My materials say:
Athletics: This includes those participating in an athletic competition, such as athletes, coaches and team managers.

It does not include services that don’t require skills unique to athletic…Read more

]]> 2815005731499294b3fecbc65df0d944 Donna Perrone replied to the topic 199A - Option to not use final regs for 2018 in the forum Tax Discussion https://www.nyctatp.org/forums/topic/199a-option-to-not-use-final-regs-for-2018/#post-5045 Sat, 09 Mar 2019 15:20:01 -0500 Yes, that is true. But it is also highly recommended to use the Final Regs.

]]> b4e6b29b127e460a9ac098fff7957ee0 Donna Perrone replied to the topic Rental QBI (what else?) in the forum Tax Discussion https://www.nyctatp.org/forums/topic/rental-qbi-what-else/#post-3265 Fri, 11 Jan 2019 12:36:06 -0500 It acts like it rises to a Sec 162 trade or business. I am taking QBI on my rentals.

]]> d15fc75dc8d43ac1eb140155550946e9 Donna Perrone replied to the topic 1099s for Rental Properties in the forum Tax Discussion https://www.nyctatp.org/forums/topic/1099s-for-rental-properties/#post-3197 Fri, 04 Jan 2019 17:19:34 -0500 Check out the IRS Draft Pub 535, page 2, center column…Sch E rentals do not apply. Scope of activities MUST be extensive to be recognized as eligible…

]]> 40a210d7a96afc9d028fd42a3c39079d Donna Perrone replied to the topic NY-Resident or Non-Resident? in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ny-resident-or-non-resident/#post-2516 Fri, 26 Oct 2018 19:47:27 -0400 Tom,
the definition of domicile says that it is your permanent home or where you will return to when away for vacation, etc. My client’s domicile is NC and that is where she will return, as soon as they get the father’s home sold. I will review the audit guide to see what it says about being here all year. She is in NY temporarily and not…Read more

]]> 69e9c5bc2881b943e7656bddedc698f6 Donna Perrone started the topic NY-Resident or Non-Resident? in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ny-resident-or-non-resident/ Thu, 25 Oct 2018 14:08:07 -0400 Need help from NY preparers. I have a client who lives in NC and is the guardian of her grandson. He is covered under her for medical purposes. In the summer of 2017, she temporarily moved up to NY to care for her 90 yo father, leaving the grandson with her daughter who cared for the child. She got a job in NY and has been working there ever…Read more

]]> 1049af9fed01140270da7e702c911a87 Donna Perrone replied to the topic Crumbling Foundations! - IRS Webinar! 24OCT18 in the forum Tax Discussion https://www.nyctatp.org/forums/topic/crumbling-foundations-irs-webinar-24oct18/#post-2429 Thu, 18 Oct 2018 15:16:00 -0400 Taxpayers living in the Westville area of New Haven also have this problem.

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