It loads about as fast as ever. It’s still a bit slow to accept posts, but it gets there. And, activity is picking up again.

Yes, all income is taxable unless specifically exempted by law. I have not seen anything to the contrary regarding this pay-out [NYS Inflation Refund checks].

I researched on Google, and this is the response, the payment was considered a refund of NYS taxes:

Yes, NYS Inflation Refund checks are considered taxable…Read more

Section 7 outline of the Fair Labor Standards Act of 1938
FairLaborStandAct Section 7.pdf
Overtime FLSA overview Blue J.pdf
Partnership Reconstruct Basis…Read more

An inherited IRA is subject to specific distribution rules that depend on the beneficiary’s classification and when the IRA was inherited[1].

Beneficiary Classifications:
For IRAs inherited after December 31, 2019, beneficiaries fall into three categories[2]:

1. Eligible Designated…Read more

One Big Beautiful Bill Act
& other FEDERAL Tax Topics with A.J. Reynolds, EA
+ CT Tax Update with John Biello, CT Dept of Rev. Srvc.
+ NY Tax Update with Sara Carlson, NYS Dept. of Tax

Early Bird pricing before…Read more

Friday 24 October 8:00 am – 4:40 pm

Hurry!

2025 October Seminar – 8.0 CE’s

Questions: Contact Nancy Sporbert nstsllc@outlook.com

Good afternoon, partners:

#IRS alert: Cyber thieves are impersonating the #IRS through bogus emails so they can steal #TaxPros’ credentials and potentially file fraudulent tax returns for refunds. Report these schemes: http://www.irs.gov/phishing

Thank you,
Jacqueline (Jacquie) Kelly-Myers

IRS – Communication & Lia…Read more

Zoom meeting:
https://us02web.zoom.us/j/88214340752?pwd=0IZwwoEdLoV59aG7ZaJp1eFR0ZxTWr.1

laura@hartmanngrouptax.com

I’m an assistant treasurer in my Episcopal parish. Our part-time priest is adding another part-time job at a nearby parish and is concerned about them getting her payroll correct. (Years ago our Diocese pushed us all to go to…Read more

Our speaker, Jason Daughtry, EA, is an NTPI Fellow and specializes in IRS and state representation and mentoring tax professionals.

The #IRS is looking for your feedback on free government and private-sector tax filing services. Your input is anonymous and can help shape future recommendations made to Congress. Find the survey here: https://ow.ly/X4GC50WKirp

Thank you,
Jacqueline (Jacquie) Kelly-Myers

IRS – Communication & Liaison
Stakeholder L…Read more

The IRS is aware that there is a delay in processing some electronic payments, and that some taxpayers are receiving IRS notices indicating a balance due even though payments were made timely.

Who is affected: Taxpayers who paid tax reported due on their tax return…Read more

Let me formally introduce myself to some and present myself to others. My name is Jacqueline Kelly-Myers, and I am a member of Communication & Liaison, Stakeholder Liaison Field office in Rochester, New York. I am responsible for providing tax outreach to maintain open communication lines throughout our communities in Rochester and…Read more

To participate in the optional pass-through entity tax (PTET), you must opt in each year. If you wish to participate in the PTET for 2025, you must opt in by March 17, 2025.

Do not wait until the deadline to opt in. You may need assistance from our representatives to update your account…Read more

View a prior webinar recording here:
https://www.thetaxbook.com/webinars?srsltid=AfmBOopC4oSKMcMfIVpXzklihrPt3ailbmb_a6Sob01SUxOJbk9ie42J

Here is the next installment of the IRS Security Summit’s messages on how tax professionals can protect themselves and their clients from data theft by creating a written information security plan (WISP). It is good information. Please feel free to share this information with your members.

Sincerely,
Joe McCarthy
IRS L…Read more

Ordinary & Necessary Business Expenses: IRC 162 and…Read more

https://frblaw.com/podcast-category/how-tax-works/

https://x.com/HowTaxWorks

Spotify, Amazon Music, Apple Podcasts, & where ever you listen to your podcasts.

Entity Selection
Sales & Use Tax
Residency
IRC 162 Ordinary & Necessary…Read more

Register Here NOW

IRS Office of Professional Responsibility Alert

CAF Numbers in “Pending Review” Status
________________________________________
To fulfill their professional obligations, practitioners—attorneys, certified public accountants, enrolled agents, and tax return preparers who participate in the Internal Revenue Service’s Annual Filing…Read more

IR-2024-136, May 9, 2024

WASHINGTON — With identity theft and refund fraud an ongoing concern, the Internal Revenue Service today highlighted a…Read more

Greetings,

Attached is some interesting information on increased security measures instituted by the Centralize Authorization File (CAF) to prevent unauthorized disclosure of taxpayer information. Issues discussed are:
• Suspected compromised CAF numbers being placed into a suspended s…Read more

Greetings,
See below for some information about Hero payments. Feel free to share it with your members.
Joe
203.415.1015

Important IRS information related to Connecticut Premium Pay (Hero) payments.
• No corrected 1099s will be issued by Public Partnerships LLC for Hero payments.
• If a Hero payment is inc…Read more

Greetings,

As part of the IRS’ effort to continue combatting identity theft and protecting taxpayers’ personal information, we’re making changes that will impact how tax professionals receive transcripts.

Beginning April 8, 2024, tax professionals must call the Practitioner Priority Service (PPS) to reque…Read more

I have an elderly client with terminal cancer, with grown children who will NOT be the executor for her estate, and a lawyer who charges $600 an hour. Her friends are similarly elderly and not of strong body &/or mind.

Where should she look for a professional executor? Bank, such as…Read more

UUCD (https://uudanbury.org),

Star Island (https://starisland.org/), or

the Parkinson’s Foundation (https://www.parkinson.org/)

would be greatly appreciated.

Marie Dupree

[Note: the NY/CT-ATP made a donation in Keith’s memory to the Parkinson’s Foundation.]

Keith’s education included an M.A. from Brown University, and a B.A. from Dartmouth, Magnum Cum Laude, Phi Beta Kappa Honorary Society, Full Scholarship, Granville High School’s valedictorian and record holder for highest grades in his class for over 50 years.

Prior to his ret…Read more

“Keith passed away this morning. It was the same day my brother passed away several years ago. Keith Dupree will be missed! His Parkinson Disease was advanced. It is a blessing that he passed on his own terms!”

Marie Dupree 16 March 2024 10:43 am

“Keith’s service will be a…Read more

Did Profx give you Worksheet View? Or, did you get that from the Knowledgebase where I can look it up myself?

https://www.irs.gov/pub/irs-pdf/i8283.pdf

https://www.irs.gov/pub/irs-pdf/f8283.pdf

2023 above vs 2021 https://www.irs.gov/pub/irs-prior/f8283–2021.pdf

https://consumer.ftc.gov/features/identity-theft

[Note: his excerpt here]

Some of you have been circulating the attached OLR analysis of HB5356 from the 2022 session of the General Assembly. Please be advised that this bill never passed and did not become law. If you search the bill on the GA website…Read more

OLR Bill Analysis
sHB 5356
AN ACT CONCERNING PANDEMIC PAY FOR ESSENTIAL WORKERS.
SUMMARY
This bill establishes the Connecticut Essential Workers Pandemic Pay program to be administered by the Office of the Comptroller (OTC) or a third-party administrator…Read more

Some of you have been circulating the attached OLR analysis of HB5356 from the 2022 session of the General Assembly. Please be advised that this bill never passed and did not become law. If you search the bill on the GA website you will find that the last action on this bill was on April 22, 2022 where it was…Read more

My favorite FA works for Morgan Stanley and isn’t right for this particular client. Looking for one of those consultants who helps design a financial plan. Probably one-off.

Greetings!

As part of a continuing effort to improve service this tax season, the Internal Revenue Service today announced special Saturday hours for the next four months at specific Taxpayer Assistance Centers (TACs) across the country.

The special Saturday openings will take place from 9 a.m. to 4 p.m., on Feb. 24, March…Read more