New York/Connecticut Association of Tax Professionals | Emmet Gemme | Activity https://www.nyctatp.org/members/emmetg/activity/ Activity feed for Emmet Gemme. Fri, 01 May 2026 01:45:48 -0400 https://buddypress.org/?v= en-US 30 hourly 2 c52a2173c647d84d15f6c524574b77fa Emmet Gemme started the topic Updates today! in the forum Tax Discussion https://www.nyctatp.org/forums/topic/updates-today/ Sat, 21 Mar 2026 01:17:17 -0400 In the process of Website updates we had a crash. We lost todays Forum posts while restoring! Feel free to repost any of todays posts! Sorry…

]]> 77fd558d7b560602a1ab2f0ab49fac21 Emmet Gemme replied to the topic Paper refund in the forum Tax Discussion https://www.nyctatp.org/forums/topic/paper-refund/#post-23093 Fri, 20 Mar 2026 01:21:00 -0400 Why would you let them request a paper check under the new rules?

]]> 8e96f8a1ccd76f62902f8f89b1bbd6c7 Emmet Gemme replied to the topic Gambling Winnings in the forum Tax Discussion https://www.nyctatp.org/forums/topic/gambling-winnings/#post-23087 Sat, 28 Feb 2026 00:08:38 -0500 Abe, I have been out of this game for 6 years now. But prior, I reported all I knew. Therefore I would report $1M in winnings and the losses. As we all know, losses cannot exceed gains. Maybe someone else will chime in! But report it honestly!

]]> 080008d855ebcf943b5eceff1a1041a0 Emmet Gemme replied to the topic Reporting Gambling winnings in the forum Tax Discussion https://www.nyctatp.org/forums/topic/reporting-gambling-winnings/#post-23069 Tue, 17 Feb 2026 22:52:28 -0500 Hey All,

Can someone help Abe please?

Thx,
Emmet

]]> b33aea866c21bd3ff6d07b317d3f24ca Emmet Gemme replied to the topic Last Chance Tax Update with Kathryn Keane January 14th 5pm to 8:30pm in the forum Tax Discussion https://www.nyctatp.org/forums/topic/last-chance-tax-update-with-kathryn-keane-january-14th-5pm-to-830pm/#post-22964 Fri, 02 Jan 2026 23:21:35 -0500 Thanks Renee! This is our best meeting of the year and has a great speaker!

]]> 71fe6a470310a84d904f22cc0e8e44a1 Emmet Gemme started the topic 2025 Seminar Vendors in the forum Tax Discussion https://www.nyctatp.org/forums/topic/2025-seminar-vendors/ Mon, 29 Dec 2025 02:12:39 -0500 Click Here for List

]]> 5a4c37aa5b1a4a06c41ffe0f4a51a98b Emmet Gemme replied to the topic IRA RMD in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ira-rmd/#post-22923 Wed, 17 Dec 2025 23:30:58 -0500 That’s where I got my answer. Just trying to confirm my findings. Figured others have some tax library resources.

]]> 163a7623df23a68f710db9172ed64eb4 Emmet Gemme started the topic IRA RMD in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ira-rmd/ Tue, 16 Dec 2025 20:20:47 -0500 I no longer have any research material or software so TY. I have a friend who inherited an IRA from her mother. Mom was late 80s and had been taking RMDs before death. When I retired we were under the 5 year rule.

Now it seems she can take it out over her life expectancy from Table 1 or she can use the newer 10 year rule. Trying to read from…Read more

]]> 9efcc8f476ff95ac176ebe29866112f7 Emmet Gemme started the topic Dorothy Day House Fundraiser in the forum Tax Discussion https://www.nyctatp.org/forums/topic/dorothy-day-house-fundraiser-4/ Mon, 24 Nov 2025 06:25:35 -0500 Welcome to Thanksgiving Week! We are now just two weeks until our Annual Tax Update Seminar! It is also the time of year we try to give back to our community. We do so through the Dorothy Day House Fundraiser, the local shelter and food pantry. We ask you to take a minute and donate to DDHH, to assist those less fortunate. Thank you for your…Read more

]]> a179f35f5e587db76c9b93b6aea6decb Emmet Gemme started the topic Tickets for next week! in the forum Tax Discussion https://www.nyctatp.org/forums/topic/tickets-for-next-week/ Thu, 11 Sep 2025 18:36:36 -0400 Earlier today the tickets were down on our site. It has been fixed!!!

]]> e00d808d06aa9ffadfbfe8f74c25ec26 Emmet Gemme replied to the topic September Super Session - Register TODAY in the forum Tax Discussion https://www.nyctatp.org/forums/topic/september-super-session-register-today/#post-22291 Tue, 09 Sep 2025 16:03:31 -0400 Gonna be a great session Bo.

]]> 056f528bb182a30f0d81aadf0416af50 Emmet Gemme replied to the topic Trust account and sale of personal home. in the forum Tax Discussion https://www.nyctatp.org/forums/topic/trust-account-and-sale-of-personal-home/#post-22160 Mon, 21 Jul 2025 22:29:52 -0400 So just use her social security number and her name for the sales! Don’t let the atty screw that up!

]]> 7cd132ee378c943eba0f53918b67063e Emmet Gemme replied to the topic Questions for Kathryn? - June 18 dinner meeting in the forum Tax Discussion https://www.nyctatp.org/forums/topic/questions-for-kathryn-june-18-dinner-meeting/#post-21983 Tue, 10 Jun 2025 21:02:54 -0400 Come on you all. Kathryn is one of our best and favorite speakers. She is knowledgeable and entertaining too. Hope to see you there.

Emmet

]]> f306f54e0e51b2fc204bedb44a95eba0 Emmet Gemme replied to the topic May 21st Dinner meeting in the forum Tax Discussion https://www.nyctatp.org/forums/topic/may-21st-dinner-meeting/#post-21874 Tue, 20 May 2025 16:45:55 -0400 John, it’s working fine. I will DM you!

]]> 881461cbbb2792746dcaf8e1da4d02ee Emmet Gemme replied to the topic Schedule C LLC in the forum Tax Discussion https://www.nyctatp.org/forums/topic/schedule-c-llc/#post-21743 Tue, 08 Apr 2025 19:04:17 -0400 Rosemary, IMHO the LLC only adds a touch of legitimacy to the venture. The other facts and circumstances are way more important. They are but not limited to: Expertise in the endeavor! Effort to produce a profit! Marketing efforts! Etcetera!!!

]]> 6c78d8d7c14f6a440b42025b0c07dee9 Emmet Gemme replied to the topic Like kind exchange in the forum Tax Discussion https://www.nyctatp.org/forums/topic/like-kind-exchange/#post-21731 Thu, 27 Mar 2025 01:35:49 -0400 So what is the question???

Back in my day I did my LKE in Tax Tools first and then in my tax software. Then I compared and fixed my results until they matched.

]]> d4051669f10f96d59e5c053bd6e75879 Emmet Gemme replied to the topic Roth Conversion and RMD Calculation in the forum Tax Discussion https://www.nyctatp.org/forums/topic/roth-conversion-and-rmd-calculation/#post-21724 Sun, 16 Mar 2025 05:45:41 -0400 Bill, we were thinking alike. I just want to make sure before I commit to that decision! TY again!

]]> a1a8d4706f9e225aeabc7b09f00af10d Emmet Gemme replied to the topic Adult Child Dependent: What is IRS definition of "Gross Income" in the forum Tax Discussion https://www.nyctatp.org/forums/topic/adult-child-dependent-what-is-irs-definition-of-gross-income/#post-21723 Sun, 16 Mar 2025 02:53:48 -0400 Lynn and I discussed this and you and us concur! TY Diane!

]]> 1fdb10094781664bd5b904067f37c010 Emmet Gemme started the topic Roth Conversion and RMD Calculation in the forum Tax Discussion https://www.nyctatp.org/forums/topic/roth-conversion-and-rmd-calculation/ Wed, 12 Mar 2025 17:42:24 -0400 So here is my question. I know that a Roth Conversion does not qualify to meet my RMD. (Yes, I turn 73 this year). Here is my question. If I withdraw $20K for a Roth conversion but have $6K withheld for taxes and actually convert $14K of the $20K. Does the $6K not converted (the tax $$$) count towards my RMD. I am retired and no longer have…Read more

]]> 4c113b5812711932a6bb7a1080b9001a Emmet Gemme replied to the topic CT 1065's are working in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-1065s-are-working/#post-21710 Wed, 12 Mar 2025 02:42:11 -0400 Sorry & TY Laura!!!

]]> 50c827a5e91e57d524ba4feaf52881ad Emmet Gemme replied to the topic CT 1065's are working in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-1065s-are-working/#post-21708 Tue, 11 Mar 2025 16:10:59 -0400 Software Laura?? UT?

]]> 449cd6c15dc4972c7871a0ed372424b0 Emmet Gemme started the topic Gene Cassavechia, CPA - Sadly in the forum Tax Discussion https://www.nyctatp.org/forums/topic/gene-cassavechia-cpa-sadly/ Tue, 11 Mar 2025 01:11:17 -0400 It is with sadness I report the passing of Gene, our friend and member for 23 years. Gene served as a Director, Secretary, and Chair of the Education Committee for parts of all of his 23 years. His work was excellent and has been missed since his retirement in 2017.

I know it is Tax Season but here is the information on his services. Chuck & I…Read more

]]> 40a14cec3e5b1db4be918fffa772928b Emmet Gemme replied to the topic custodial parent wants to claim 8863 tuition credit in the forum Tax Discussion https://www.nyctatp.org/forums/topic/custodial-parent-wants-to-claim-8863-tuition-credit/#post-21705 Sun, 09 Mar 2025 23:11:08 -0400 Sad but true!

]]> 457132f416b022ee8c59e63b64900056 Emmet Gemme replied to the topic NYS PTET Help in the forum Tax Discussion https://www.nyctatp.org/forums/topic/nys-ptet-help/#post-21695 Sat, 01 Mar 2025 17:42:44 -0500 TY Abe!

]]> f897896895224717ff97378df6029c8b Emmet Gemme started the topic Carole Heller in the forum Tax Discussion https://www.nyctatp.org/forums/topic/carole-heller/ Sun, 23 Feb 2025 21:13:59 -0500 Sadly I must report that our member and friend, Carole Heller of Fairfield, CT passed away last week. Carole had been dealing with cancer.

Carole was very active for 15 years. She was a member, attended all seminars, and attended most meetings unless she was sailing. She was a quiet member but you could always find her sitting with her friend,…Read more

]]> 93f37459ecc50ff1fce932b56ec09a33 Emmet Gemme replied to the topic CT company with one W-2 NY remote only worker. in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-company-with-one-w-2-ny-remote-only-worker/#post-21682 Thu, 20 Feb 2025 16:37:10 -0500 Marie, she may need to pay NY estimates. Her ER is not required to w/h NY!

]]> 9f221dc0d684bc596102e58107af7aec Emmet Gemme replied to the topic CT RETIRED STATE EMPLOYEE in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-retired-state-employee/#post-21679 Wed, 19 Feb 2025 23:57:21 -0500 Sarg, I was just re-reading this post! Neither you nor I discussed where the taxpayer lived. Everyone is tax first where you earned the income and second where you live. A pension is not earned income! SO, if they lived in CT Rita and I answered your question correctly. If they live (retired) in NY, they are NOT TAXED IN CT AT ALL!

]]> 80a89153844b36a593f2779ea6cb41bc Emmet Gemme replied to the topic CT company with one W-2 NY remote only worker. in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-company-with-one-w-2-ny-remote-only-worker/#post-21678 Wed, 19 Feb 2025 23:53:47 -0500 So go ahead and open a can of worms! I feel like you are mixing up rules for where she works and why. Your sentence sounds like you are discussing an office in the home rules. That has nothing to do with where she worked. IMHO!

If she does not step foot in CT, I see no reason to tax her in CT. While we are discussing this fact, keep in mind…Read more

]]> 5fdcfc391c7a33dea5d06b290c90d6e5 Emmet Gemme replied to the topic CT RETIRED STATE EMPLOYEE in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-retired-state-employee/#post-21668 Mon, 17 Feb 2025 18:13:02 -0500 Yes! But CT does have an adjustment for an exclusion. I’ve been out of the game for 5 years now so I am not sure of the %. They were phasing in by percentages over a few years. Hopefully someone else will fill in the blanks.

]]> d7c432a0095f33a7f8a7e8e9b569f255 Emmet Gemme replied to the topic CT DRS Provides Filing Season Update in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ct-drs-provides-filing-season-update/#post-21660 Fri, 14 Feb 2025 18:10:31 -0500 Great update! TY Laura

]]> 261ee16ba1bb6d35f001c61da0cd7b4e Emmet Gemme started the topic Dues Special Through 15MAR in the forum Tax Discussion https://www.nyctatp.org/forums/topic/dues-special-through-15mar/ Fri, 07 Feb 2025 01:28:07 -0500 Dear Friends,

We have a group of people reviewing the Forum in “Test Mode” For those people we have a special dues offering for dues thru 6/30/25. We are offering a dues discount for new members for $50.00.

Please click on “I have a coupon” and enter the code: $50FORYOU
This will reduce your dues for the next 5 months.
This coupon and offer…Read more

]]> 8a776af82d6972bbe5eafed66a7cd2cd Emmet Gemme replied to the topic Ultra Tax CT clarification in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ultra-tax-ct-clarification/#post-21626 Thu, 06 Feb 2025 23:44:54 -0500 Janice, can you put this comment on the original post and then I will remove this one!

]]> a3f8c7509df10a21d3f0932ab3de39c9 Emmet Gemme replied to the topic Test in the forum Tax Discussion https://www.nyctatp.org/forums/topic/test/#post-21592 Fri, 31 Jan 2025 20:16:06 -0500 TY All! The test we were conducting worked fine!

Good luck with Tax Season!!!

XOXO,
Emmet

]]> 9da0e66082f5b1e7ec5ae0a5eda79978 Emmet Gemme replied to the topic Does a non-profit take depreciation? in the forum Tax Discussion https://www.nyctatp.org/forums/topic/does-a-non-profit-take-depreciation/?view=all#post-21589 Sun, 26 Jan 2025 21:13:55 -0500 Still looking for some advice for asset depreciation for a 501c-3 org. TY, Emmet

]]> 59ca0280b95727b060dab442c68c6f5e Emmet Gemme replied to the topic Offer and Compromise in the forum Tax Discussion https://www.nyctatp.org/forums/topic/offer-and-compromise/#post-20666 Tue, 16 Jul 2024 17:10:29 -0400 I have Jeff’s email & cell if we need more info I can reach out to him.

]]> 242f5c29c093ad4cd30ed662614e6025 Emmet Gemme replied to the topic Offer and Compromise in the forum Tax Discussion https://www.nyctatp.org/forums/topic/offer-and-compromise/#post-20664 Tue, 16 Jul 2024 16:39:36 -0400 Jeff Jordan retired and moved south. Wendy Sullivan took over his business.
She lived in New Fairfield, CT and was an attorney. I found her # online @ (845) 832-6696
Good luck!

Wasn’t there an exhibitor at the 2023 Seminar that did this work?

]]> 02a072755cf1a5d607831d3dc2b7002c Emmet Gemme replied to the topic SS benefits before full retirement age in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ss-benefits-before-full-retirement-age/#post-20525 Fri, 07 Jun 2024 02:26:06 -0400 So we must assume she is under her full retirement age!!!

It is based on income on her Schedule C, therefore net income!
The 2024 limit for early SS is $22,320.00.
A net of $20K is below the limit…

She is good to go!

]]> d196b7baa252cb1716a6e1398b788566 Emmet Gemme replied to the topic Have a drink with us, catch up with friends, and maybe learn something, too! in the forum Tax Discussion https://www.nyctatp.org/forums/topic/have-a-drink-with-us-catch-up-with-friends-and-maybe-learn-something-too/#post-20242 Mon, 29 Apr 2024 17:37:26 -0400 Come on out! Have a beverage and renew old friendships! Make sure you say hello and don’t forget your name badge!

Best regards,
Emmet, Executive Director and Founding Member

]]> 7fe435900df804ba0b15dd96176c6e65 Emmet Gemme replied to the topic Executor in the forum Tax Discussion https://www.nyctatp.org/forums/topic/executor/#post-20155 Fri, 29 Mar 2024 19:35:29 -0400 A less expensive attorney?

]]> 6d7d196690911d8ee62edafc58e88b2c Emmet Gemme replied to the topic ULTRA TAX in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ultra-tax/#post-20131 Sat, 16 Mar 2024 17:57:45 -0400 Cathy, it is simply income for 2023. You only need to note is separately if you wish to calculate the “Lump Sum” option. If you want to see, UT has a place for Lump Sums received. I cannot look because I no longer have UT! Most times I attempted the lump sum option it saved nothing…

]]> 305b7286d192fa7740269a4a15cfa2d5 Emmet Gemme replied to the topic NYS Estate--Vanguard IRA withheld taxes and sent them to CT in the forum Tax Discussion https://www.nyctatp.org/forums/topic/nys-estate-vanguard-ira-withheld-taxes-and-sent-them-to-ct/#post-19981 Sat, 20 Jan 2024 01:44:27 -0500 I have had that for various states! I just I just filed for the non res state and got a full refund. It was never a problem!

]]> c92604c88275b8f7d97637a74946b2bf Emmet Gemme replied to the topic The Tax Book Deluxe Plus for Tax Year 2023 is distributed! in the forum Tax Discussion https://www.nyctatp.org/forums/topic/the-tax-book-deluxe-plus-for-tax-year-2023-is-distributed/#post-19979 Tue, 16 Jan 2024 03:37:53 -0500 Great job Nancy. Thank you for heading this up this year! Good luck with Tax Season everyone! God bless you and keep you healthy!

]]> 3a1deff41e201a97fa70d62f7664467c Emmet Gemme started the topic Update on John Appelt in the forum Tax Discussion https://www.nyctatp.org/forums/topic/update-on-john-appelt/ Tue, 19 Dec 2023 19:49:45 -0500 Many of you that were at the seminar knew that John Appelt had a medical emergency and we sent him by ambulance to the hospital. The hospital kept him 5 days and have determined it was a combination of keto acidosis (a diabetic condition) along with blood pressure. He is home and improving every day. Merry Christmas John!!!

]]> 3747a53e59fdca67cd3208f8978cdc00 Emmet Gemme started the topic Dorothy Day House Fundraiser in the forum Tax Discussion https://www.nyctatp.org/forums/topic/dorothy-day-house-fundraiser-2/ Mon, 04 Dec 2023 21:07:48 -0500 Hi All,

Just a friendly reminder that if you intended to contribute to the Dorothy Day House these links are still active. Go ahead and make your contribution now!

Dorothy Day House

TY very much,
Emmet Gemme
Executive Director, NY/CT-ATP

]]> 8702a7e364799da39c392a8193295944 Emmet Gemme started the topic Member and Seminar Rebates in the forum Tax Discussion https://www.nyctatp.org/forums/topic/member-and-seminar-rebates/ Tue, 14 Nov 2023 22:35:20 -0500 Did you know that;
Current Members who attend a meeting and attend our annual seminar get a seminar rebate check? This reduces the price they paid for the annual seminar!!! This year there were 5 meetings. A member in good standing who attended all five meetings and our Annual Tax Update Seminar will get $100.00 as a rebate. The rebate is…Read more

]]> 766adb69b7e649e52ab67996927babc0 Emmet Gemme replied to the topic Seminar EARLY BIRD ENDS Sunday 5 November! in the forum Tax Discussion https://www.nyctatp.org/forums/topic/seminar-early-bird-ends-thursday-5-november/#post-19662 Thu, 02 Nov 2023 16:17:26 -0400 Early bird end Sunday the 5th!

]]> e79539385fc6e34891c1f10d6829abd9 Emmet Gemme replied to the topic October Seminar on Friday 20 October 2023 in the forum Tax Discussion https://www.nyctatp.org/forums/topic/october-seminar-on-friday-20-october-2023/#post-19516 Tue, 10 Oct 2023 17:32:53 -0400 I know most of you are busy with the deadline of 16OCT, but just take a moment and get ‘er done. Time to get our group back to pre COVID-19 attendance. Hey, I’m retired and I’ll be there!

Good luck in the next 7 days,
Emmet

]]> 5cebf1c242d33a61504d576157b4a013 Emmet Gemme replied to the topic IRS TO FUROUGH 2/3 OF STAFF IF GOV. SHUTS DOWN in the forum Tax Discussion https://www.nyctatp.org/forums/topic/irs-to-furough-2-3-of-staff-if-gov-shuts-down/#post-19443 Sat, 30 Sep 2023 03:14:36 -0400 OMG, I am glad I am retired! But, all of us in Yellowstone NP ATM, do wonder what will happen 1-OCT!!!

]]> 748e8ce4afcbda26f8a8e212fe94d04c Emmet Gemme replied to the topic Spousal inherited IRA in the forum Tax Discussion https://www.nyctatp.org/forums/topic/spousal-inherited-ira/#post-19296 Tue, 12 Sep 2023 15:29:06 -0400 I believe she needed to move it in a spousal rollover. Because she failed to do that she now must withdraw it all by the appropriate deadline (5 or 10).

I do not know the deadline to make the spousal rollover and I no longer have any research material at my fingertips. You mentioned that she has let a few years pass so I fear she is too late.…Read more

]]> b41a695ee8c277a7b91d9f0788167c44 Emmet Gemme replied to the topic Spousal inherited IRA in the forum Tax Discussion https://www.nyctatp.org/forums/topic/spousal-inherited-ira/#post-19288 Tue, 12 Sep 2023 02:49:21 -0400 Hi Diane… Not sure if I fully understand what your beneficiary did! If she did not do a rollover, she is under the rules for full distribution withing 5 or 10 years. Because I retired during the 5 year rule, I do not fully understand when the 10 year rule applies. If she is under one of those rules, she can make withdrawals at will. The bad…Read more

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