New York/Connecticut Association of Tax Professionals | Peter Salzman | Activity https://www.nyctatp.org/members/petersalzman/activity/ Activity feed for Peter Salzman. Sun, 31 May 2026 04:04:04 -0400 https://buddypress.org/?v= en-US 30 hourly 2 27876caa79249f81492d7088d3e512f9 Peter Salzman replied to the topic Offer in Compromise in the forum Tax Discussion https://www.nyctatp.org/forums/topic/offer-in-compromise/#post-22251 Thu, 04 Sep 2025 14:25:00 -0400 Laura,
I would recommend Lawrence Kalkstein CPA and attorney.
larry@genlime.com
914-582-2287

Good luck.
Peter

]]> 5d790a568dfdaa9765c7a242aa00ab58 Peter Salzman replied to the topic PPP Loan forgiveness in the forum Tax Discussion https://www.nyctatp.org/forums/topic/ppp-loan-forgiveness/#post-14804 Sat, 24 Oct 2020 19:52:02 -0400 Since most employees want direct deposit, I have submitted a pay stub instead of cancelled check for each pay period per employee. Even though it seems like overkill, I don’t want to give them an excuse to deny forgiveness of the loan.
Peter

]]> d4a7c688613f44113829fba1702dcc44 Peter Salzman replied to the topic Lump Sum Election in the forum Tax Discussion https://www.nyctatp.org/forums/topic/lump-sum-election/#post-14181 Sat, 18 Apr 2020 00:39:22 -0400 Art can you email the file to ps@salzmanfm.com.
Thank you.

]]> 9c146837d86eb1ea1f097b801ada22c8 Peter Salzman replied to the topic Self Employed travel expenses in the forum Tax Discussion https://www.nyctatp.org/forums/topic/self-employed-travel-expenses/#post-14111 Thu, 02 Apr 2020 03:17:30 -0400 Robert the short answer is yes, if the client’s temporary assignment is expected to last for one year or less and is away from his or her tax home.
One thing to consider is if the taxpayer returns to their tax home on weekends, then there are limitations.
Peter

]]> 259af6fddc79035e9e72f2690766341d Peter Salzman replied to the topic Actual Expense method Deducted on LLC in the forum Tax Discussion https://www.nyctatp.org/forums/topic/actual-expense-method-deducted-on-llc/#post-12915 Tue, 17 Sep 2019 20:16:53 -0400 Linda, if your client is taxed as a sole proprietor, he should be able to deduct actual expenses even if the LLC does not own the vehicle. For tax purposes it is a disregarded entity.
If your client is taxed as an S Corp, the LLC needs to reimburse your client under an accountable plan. Then he would be able to take actual auto expenses. The key…Read more

]]> ef8fbec06df02989887ec73f562c4c5e Peter Salzman replied to the topic Solo 401k and Deductible IRA in the forum Tax Discussion https://www.nyctatp.org/forums/topic/solo-401k-and-deductible-ira/#post-6126 Thu, 18 Apr 2019 00:39:22 -0400 Thanks Emmet. Yes, I see that is the IRS’s position.
Peter

]]> 018eff60e7fd23f9b2e5803c485198f4 Peter Salzman started the topic Solo 401k and Deductible IRA in the forum Tax Discussion https://www.nyctatp.org/forums/topic/solo-401k-and-deductible-ira/ Fri, 12 Apr 2019 20:00:52 -0400 I have a person who is self employed with a solo 401k. He also has wages, but is not covered by a retirement plan. Can he make a deductible IRA contribution even if his AGI is over the phase out limit. My premise is they are not considered covered because there is no W-2 with box 13 checked to indicate retirement plan.
Thank you.
Peter

]]> e355c6f789fd02e3bc38f236bc4318b0 Peter Salzman replied to the topic qualified business deduction in the forum Tax Discussion https://www.nyctatp.org/forums/topic/qualified-business-deduction/#post-4637 Wed, 20 Feb 2019 15:34:17 -0500 Marge, if you can provide the worksheet that calculates the QBI deduction, I can double check it.
Peter
ps@salzmanfm.com

]]> 9a7e5a20645738c848b1062c1c5337c1 Peter Salzman's profile was updated https://www.nyctatp.org/activity/p/352/ Sun, 11 Nov 2018 21:45:13 -0500 0