2020-08-18 20:52
Steve Grgas discusses, “Coronavirus-Related Distributions and Plan Loan Guidance”.
Annemarie Aguanno takes a look at, “Guidance on Reporting COVID-19 Qualified Sick and… Read More
Blog Directory > Finance Blogs > Get the latest news related to QuickBooks software and more | Accounting Software & QuickBooks Help finance Blog >
Get The Latest News Related To Quickbooks Software And More | Accounting Software & Quickbooks Help Blog
cias-quickbooks.com
Tags:
qualified
deduction
capital safe harbor
newsletter
application
foreign
employee
loan
suspended losses
harbor
The best accounting software news about QuickBooks for accounting professionals. Read about enterprise QuickBooks solutions, QuickBooks recovery and more.
2020-08-06 15:02
Coronavirus-Related Distributions and Plan Loan Guidance
The IRS has issued guidance on coronavirus-related distributions and plan loans. The guidance
presents the rules set out in Act… Read More
2020-08-06 15:02
Guidance on Reporting COVID-19 Qualified Sick and Family Leave Wages
The IRS has issued guidance to
employers on the requirement to report the amount of qualified sick and
family leave… Read More
2020-08-06 15:01
Mid-Year Safe Harbor Plan Amendments and COVID-19 Relief
The IRS has clarified and provided
relief for mid-year amendments reducing safe harbor contributions. An
updated safe harbor not… Read More
2020-08-06 15:01
Deadlines Extended for Qualified Opportunity Funds and Investors
The IRS has announced various
extensions of deadlines for qualified opportunity funds and their
investors due to the Cor… Read More
2020-08-06 15:00
Final Regulations Issued on FDII and GILTI Deduction
The Treasury and IRS have issued
final regulations covering the Code Sec. 250 deduction for
foreign-derived intangible inc… Read More
2020-08-06 14:59
IRS Amends 199A Regs on Suspended Losses and RICs
The IRS amended final regulations
with guidance on the Code Sec. 199A deduction for suspended losses and
shareholders of regu… Read More
2020-08-06 14:59
IRS Temporarily Allows Certain Retirement Plan Participants to Sign Elections Remotely
The IRS has released guidance that
provides temporary administrative relief to help certain retirem… Read More
2020-08-06 14:58
Treasury, SBA Issue Updated PPP Guidance, Revised Application and Forgiveness Forms, New EZ Forgiveness Form
In consultation with Treasury Department, the Small Business Administration (S… Read More
2020-08-06 14:57
Wolters Kluwer Interview: Outlook on Ever-Evolving Paycheck Protection Program
“If you can look into the seeds of
time, and say which grain will grow and which will not, speak then… Read More
2020-07-02 11:41
Congress Extends PPP Application Deadline to August 8th
July 2, 2020
Dear Clients, Colleagues and Friends,
On Wednesday, The U.S. House of Representatives unanimously voted to extend… Read More
2020-06-25 18:32
PPP Loan Forgiveness Application Changes and New EZ Form
June 25, 2020
Dear Clients, Colleagues and Friends,
The U.S. Small Business Administration has released an updated loan forgiveness a… Read More
2020-06-19 20:32
Wayne Naegele discusses, “IRS Releases Guidance Related to Loans Received from Paycheck Protection Program”.
Angelica Farrell takes a look at, “Due Dates Extended for Addit… Read More
2020-06-18 20:09
Check out the video below created by our client, Snowday, LLC, as part of Governor Cuomo’s PSA competition!
https://www.linkedin.com/posts/snowday_newyorktough-filmmaking-shortfilm
h… Read More
2020-06-17 15:50
SBA REOPENS ECONOMIC INJURY DISASTER (EIDL) Programs
June 17, 2020
Dear Clients, Colleagues and Friends,
The US Small Business Administration has reopened their
Economic Injury Disaster L… Read More
2020-06-10 02:43
Proposed Regs to Clarify Miscellaneous Deductions of Estate, Non-Grantor Trust
The IRS has released proposed regulations clarifying that the following deductions allowed to an estate or non… Read More
2020-06-10 02:37
Proposed Regulations Address Deductibility of Fines and Penalties
The IRS has released proposed
regulations that address changes made to Code Sec. 162(f) by the Tax
Cuts and J… Read More
2020-06-10 02:36
Treasury, SBA Release PPP Loan Forgiveness Application
Treasury and the Small Business
Administration (SBA) have worked together to release the Paycheck
Protection Program (PPP) Loan Fo… Read More
2020-06-10 02:36
Simplified Procedures for Nonfilers to Receive Economic Impact Payments
Eligible individuals who are not
otherwise required to file federal income tax returns for 2019 may use a
new sim… Read More
2020-06-10 02:13
Extension of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Affected by the COVID-19 Outbreak
The IRS and the Employee Benefits
Security Administration ar… Read More
2020-06-10 02:12
IRS Releases Guidance Related to Loans Received from Paycheck Protection Program
The IRS has provided guidance
regarding whether taxpayers receiving loans under the Paycheck
Protection… Read More
2020-06-04 16:36
Paycheck Protection Program Flexibility Act of 2020
June 4, 2020
Dear Clients, Colleagues and Friends,
Yesterday, the Senate unanimously passed H.R. 7010 – Paycheck Protection Program… Read More
2020-05-23 15:50
New York Forward Loan Fund (NYFLF)
May 22, 2020
Dear Clients, Colleagues and Friends,
Presti & Naegele continues to monitor the latest COVID-19 developments that impact our clients. Belo… Read More
2020-05-19 02:56
PPP Loan Forgiveness Application and Main Street Lending Program
May 19, 2020
Dear Clients, Colleagues and Friends,
Presti & Naegele continues to monitor the
latest COVID-19 develo… Read More
2020-05-16 05:23
Andy Presti discusses, “Get My Payment Tool available for economic impact payments”. Salvatore Russo, CPA takes a look at, “Due Dates Extended for Additional Filings and P… Read More
2020-05-13 03:53
“Get My Payment” Tool Available for Economic Impact Payments
The Treasury Department and the IRS
have released the “Get My Payment” tool to assist Ameri… Read More
2020-05-13 03:53
Due Dates Extended for Additional Filings and Payment Obligations
The Treasury Department and IRS
have provided a notice with additional relief for taxpayers, postponing
until July 15… Read More
2020-05-13 03:52
IRS Addresses Queries on COVID-19 Economic Impact Payments; No Return Required for Certain Social Security Recipients
The IRS announced on March 30 that
distribution of economic impact p… Read More
2020-05-13 03:52
Lawmakers Continue Phase Four Economic Relief Talks; “CARES 2” in the Works
Lawmakers are continuing talks on
a “phase four” economic relief package in… Read More
2020-05-13 03:51
IRS Addresses Bonus Depreciation, Related Issues for Post-2017 Qualified Improvement Property
As a result of the retroactive
assignment of a 15-year recovery period to qualified improvem… Read More
2020-05-13 03:50
Guidance on NOL Carryback Under CARES Act
The IRS has issued guidance
providing administrative relief under the Coronavirus Aid, Relief and
Economic Security (CARES) Act ( P.L. 116… Read More
2020-05-13 03:50
IRS Allows Temporary Filing by Fax for Forms 1139 and 1045
The IRS is allowing taxpayers to
file by fax Form 1139, Corporation Application for Tentative Refund,
and Form 1045… Read More
2020-05-13 03:50
Guidance on 163(j) Elections for Legislation, Farming, Real Property
The IRS has released guidance on making the following elections for the business interest deduction limitation:
the… Read More
2020-05-13 03:49
BBA Partnerships Can Amend Returns for CARES Benefits
The IRS has set forth rules for BBA
partnerships to file amended returns to immediately get benefits under
the Coronavirus Aid, Rel… Read More
2020-05-05 21:06
EIDL/PPP and NYS Dept. of LaborMay 5, 2020Dear Clients, Colleagues and Friends,Presti & Naegele continues to monitor the latest COVID-19 developments that impact our clien… Read More
2020-04-24 15:53
ONLY 300 GRANTS AVAILABLE – Employers with 2 to 50 Employees – only some will qualify April 24, 2020Dear Clients, Colleagues and Friends,While there are only 300 of these grants… Read More
2020-04-22 15:08
Senate Passes $484B Coronavirus Relief Package to Help Small Businesses, Hospitals, and to Expand Testing
April 22, 2020
Dear Clients, Colleagues and Friends,
After nearly two weeks… Read More
2020-04-20 20:09
For Businesses With 3 to 20 Employees – US Chamber of Commerce Small Business Grant Fund
April 20, 2020
Dear Clients, Colleagues and Friends,
The US Chamber of Commerce has launched th… Read More
2020-04-14 17:01
Further IRS Due Date Changes & Stimulus Payment Information
April 14, 2020
Dear Clients, Colleagues and Friends,
The Internal Revenue Service (IRS) has announced Additional Relief for Ta… Read More
2020-04-12 17:27
Thomas Zanata discusses, “Due Date for Federal Income Tax Payments Extended to July 15”.
Donald Sager takes a look at, “HSA High-Deductible Health Plans Can Cover Coronavir… Read More
2020-04-10 19:11
Uncle Paul’s Pizza Offering Medical Workers Free Meals For 2 Weeks
https://wcbs880.radio.com/articles/news/nyc-pizzeria-offering-workers-free-meals-for-2-weeks
Sean Adams
March 26, 20… Read More
2020-04-10 19:08
Founder of Rethink, Matt Jozwiak, to make free or low-cost meals for New Yorkers in Need
A group called Rethink has teamed up with the Michelin-starred restaurant to feed New Yorkers in need… Read More
2020-04-10 19:08
New York’s New Soup Kitchen Has an Upscale Address: Eleven Madison Park
A group called Rethink has teamed up with the Michelin-starred restaurant to feed New Yorkers in need.
https://w… Read More
2020-04-10 15:54
Due Date for Federal Income Tax Payments Extended to July 15
The Treasury Department and IRS
have extended the due date for the payment of federal income taxes
otherwise due on April 15… Read More
2020-04-10 15:54
HSA High-Deductible Health Plans Can Cover Coronavirus Costs
The IRS has provided emergency
relief for health savings accounts (HSAs) and COVID-19 health plans
costs. Under this relief… Read More
2020-04-10 15:53
AICPA Asks for More QBI Deduction Guidance
The American Institute of CPAs
(AICPA) has requested additional guidance on tax reform’s Code Sec.
199A qualified business inc… Read More
2020-04-10 15:52
Final Covered Asset Acquisition Rules Adopted
The Treasury and IRS have adopted
as final the 2016 proposed regulations on covered assets acquisitions
(CAAs) under Code Sec. 901(m)… Read More
2020-04-10 15:40
Reporting Relief for U.S. Individuals’ Transactions With Certain Foreign Trusts
The IRS has issued guidance that:
exempts certain U.S. citizens and residents from Code Sec… Read More
2020-04-09 21:46
Bogus Emails from Lenders
April 9, 2020
Dear Clients, Colleagues and Friends,
We have become aware of malicious emails being sent by scammers imitating Chase Bank, and possibly other lenders… Read More
2020-04-04 17:00
Cybersecurity & COVID-19
April 4, 2020
Dear Clients, Colleagues and Friends,
Unfortunately, cyber criminals are capitalizing
on the outbreak through phishing attacks and other i… Read More
2020-04-04 17:00
Cyber Criminals Are Capitalizing On The Outbreak
April 4, 2020
Dear Clients, Colleagues and Friends,
Unfortunately, cyber criminals are capitalizing
on the outbreak through phishing… Read More
2020-04-04 16:55
Consumers and Businesses Experiencing Financial Hardship
April 3, 2020
Dear Clients, Colleagues and Friends,
Governor Andrew M. Cuomo announced that through
June 1, 2020, consu… Read More
2020-04-04 16:55
NYS Updates Re: Health Insurance and Unemployment Insurance
https://www.labor.ny.gov/ui/pdfs/ui-covid-faq.pdf
Step by Step instructions to file an unemployment insurance claim online can… Read More
2020-04-03 18:17
IMPORTANT – DEADLINE FRIDAY 04/03/2020 – NYC Employee Retention Grant Program
April 1, 2020Dear Clients, Colleagues and Friends,The NYC Employee Grant Program is an immediate… Read More
2020-04-03 16:50
Paycheck Protection Program
April 3, 2020
Dear Clients,
Colleagues and Friends,
The most popular program from the CARES Act
for small business owners this week has been th… Read More
2020-03-30 18:14
Help for Real Estate Agents/Brokers RE: COVID-19
March 30, 2020
To all REBNY Members and the entire Real Estate Agent/Broker
Community,
Our firm has dedicated
our resources to… Read More
2020-03-28 16:07
The Coronavirus Aid, Relief, and Economic Security Act
March 28, 2020
Dear Clients, Colleagues and Friends,
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
was… Read More
2020-03-25 18:12
Developments in Response to COVID-19
March
25, 2020
Dear
Clients, Colleagues and Friends,
The
following is a summary of current developments in response to COVID-19.
Provisions are… Read More
2020-03-25 18:11
COVID-19 Guidance for Businesses, Employers, and More
March 25, 2020
Dear Clients, Colleagues and Friends,
We are rapidly reviewing federal and local guidance to provide you with t… Read More
2020-03-25 18:11
Federal and Local Guidance
March 25, 2020
Dear Clients, Colleagues and Friends,
We are rapidly reviewing federal and local guidance to provide you with tools to structure your resp… Read More
2020-03-25 16:43
Information to Immediately Assist Employees
March 25, 2020
Dear Clients, Colleagues and Friends,
We are rapidly reviewing federal and local guidance to
provide you with tools to st… Read More
2020-03-25 16:43
Families First Coronavirus Response Act (FFCRA)
March 25, 2020
Dear Clients, Colleagues and Friends,
We are rapidly reviewing federal and local guidance to
provide you with tools t… Read More
2020-03-21 16:19
Helpful links
March 21, 2020
Dear Clients, Colleagues and Friends,
Everyone at Presti & Naegele is well, working remotely
and following current developments due to Novel Coronav… Read More
2020-03-21 16:19
COVID-19 Developments and Helpful Links from Presti & Naegele
March 21, 2020
Dear Clients, Colleagues and Friends,
Everyone at Presti & Naegele is well, working remotely
and… Read More
2020-03-18 16:33
Dear Clients, Colleagues and Friends
March 18, 2020
Dear Clients, Colleagues and Friends,
We’ve been doing our part to slow the spread of COVID-19
over the past weeks by ena… Read More
2020-03-18 16:33
COVID-19 Update from Presti & Naegele
March 18, 2020
Dear Clients, Colleagues and Friends,
We’ve been doing our part to slow the spread of COVID-19
over the past weeks by… Read More
2020-03-07 01:03
Annemarie Aguanno discuses, “Qualified Opportunity Zone Investment Regulations Finalized”.
Andy Presti takes a look at, “Proposed Regulations Reflect Changes to Wage Wit… Read More
2020-03-06 13:56
Calculation of “Average Income” Minimum Set Aside Test for Low Income Housing Credit Explained
Taxpayers claiming the low-income
housing credit should apply the “a… Read More
2020-03-06 13:56
2021 Budget Outlines Administration Priorities for Extending Tax Cuts, Increased IRS Funding
On February 11, the White House
released President Donald Trump’s fiscal year (FY) 2021… Read More
2020-03-06 13:55
Fleet-Average and Vehicle Cents-Per-Mile Base Valuation Amounts Updated
Final regulations increase a
vehicle’s maximum value for eligibility to use the fleet-average
valuation rul… Read More
2020-03-06 13:54
Guidance Provided on Qualifying for EITC
The IRS has provided guidance on
qualifying for the Earned Income Tax Credit (EITC). The EITC is a
refundable tax credit that is intended to be… Read More
2020-03-06 13:47
House Writers Debate Effects of Corporate Income Tax Cut
House Democratic and Republican tax
writers debated the effects of tax reform’s corporate income tax cut
during a February… Read More
2020-03-06 13:42
Practitioners’ Corner: Wolters Kluwer Interviews TCPI Symposium Experts on Current and Future State of Tax Policy
Tax reform legislation widely known
as the Tax Cuts and Jobs Act (… Read More
2020-03-06 13:41
Proposed Regulations Reflect Changes to Wage Withholding, Redesigned W-4
The IRS has proposed regulations
with guidance for employers on withholding federal income tax from
employee&rsq&hell…Read More
2020-03-06 13:32
Qualified Opportunity Zone Investment Regulations Finalize
Proposed qualified opportunity zone
regulations issued on October 29, 2018 ( REG-115420-18) and May 1, 2019
( REG-12… Read More
2020-02-06 14:30
Angélique Kidjo takes home Best World Music Album for ‘Celia’ at the 62nd GRAMMY Awards
By John Ochoa – GRAMMYs Jan 26, 2020
https://www.grammy.com/grammys/ne… Read More
2020-01-27 23:24
Wayne P. Naegele discusses, “Final and Proposed Regulations Address Foreign Tax Credit”.
Thomas Zanata takes a look at, “Final Regulations on Calculation of UBTI Issued&rdq&hell…Read More
2020-01-20 22:45
IRS Issues 2020 Form W-4
https://tax.thomsonreuters.com/blog/irs-issues-2020-form-w-4
By Christopher Wood, CPP December 5, 2019
Highlight: Not all employees must complete the 2020 For… Read More
2020-01-20 22:45
Highlight: Not all employees must complete the 2020 Form W-4. The IRS has designed the withholding tables to work with both the 2020 Form W-4 and prior year forms.
On December 5, the IRS… Read More
2020-01-20 15:38
New Rules Proposed on Charitable Contribution Related to SALT Benefits
The IRS has released new proposed
rules related to charitable contributions made to get around the
$10,000/$5,000… Read More
2020-01-20 15:38
Final Regulations Issued on CFC Related Person Rules, Active Trade or Business Exception
Final regulations provide rules on
the attribution of ownership of stock or other interests, for… Read More
2020-01-20 15:38
IRS Releases Final and Proposed BEAT Regulations
The IRS has issued final and
proposed regulations implementing the base erosion and anti-abuse tax
(BEAT) under Code Sec. 59A. The BEAT… Read More
2020-01-20 15:37
Final and Proposed Regulations Address Foreign Tax Credit
The IRS has issued highly
anticipated final regulations on the significant changes made to the
foreign tax credit rules by the… Read More
2020-01-20 15:37
Partner Tax Basis Capital Reporting Not Required Until 2020 Partnership Tax Years
The IRS has released guidance that
provides that the requirement to report partners’ shares of par… Read More
2020-01-20 15:36
Final Regulations on Calculation of UBTI Issued
The IRS has released final
regulations that present guidance on how certain organizations that
provide employee benefits must calculate u… Read More
2019-12-08 20:21
Andy Presti announces, “Shahid Khoja has joined the firm as Tax Manager”.
Annemarie Aguanno discusses, “Final Regs Revert Back to Prior Partnership Disguised Sale Rules… Read More
2019-12-08 19:49
Presti & Naegele is pleased to announce Shahid Khoja has joined the firm as a Tax Manager
Shahid Khoja specializes in international tax, with expertise in the financial services indu… Read More
2019-12-07 00:47
Hopes for Year-End Tax Extenders Package Appear Dwindling
Hopes for a year-end tax extenders package appear to be dwindling on Capitol Hill.
Tax Extenders Need a Legislative Vehicle… Read More
2019-12-07 00:46
IRS Increases Enforcement Action on Syndicated Conservation Easements, IR-2019-182
The IRS has announced a significant increase in enforcement actions for syndicated conservation easement… Read More
2019-12-07 00:45
Proposed Rules Clarifying Carried Interest Limitation Expected Early 2020, Kautter Says
Treasury and the IRS are expected to release proposed rules in “early 2020” that would… Read More
2019-12-07 00:45
Proposed Regs Address Terminated S Corporation Distributions
The IRS has proposed regulations that define an eligible terminated S corporation (ETSC), and provide rules relating to distri… Read More
2019-12-07 00:43
Top Senate Tax Writers Call for Action on SECURE Act
Senate Finance Committee (SFC) Chair Chuck Grassley, R-Iowa, and other top Senate tax writers are calling for Senate action on the bip… Read More
2019-11-10 15:41
Lisa Varela discusses, “IRS Provides Section 199! Safe Harbor for Rental Real Estate”.
Steve Grgas examines, “Final Regulations on 100 Percent Bonus Depreciation Issued… Read More
2019-11-10 14:12
IRS Provides Section 199A Safe Harbor for Rental Real Estate
The IRS has issued a revenue procedure with a safe harbor that allows certain interests in rental real estate to be treated as… Read More
2019-11-10 14:11
Cryptocurrency Guidance, Virtual Currency FAQs Released
The IRS has released cryptocurrency guidance and frequently asked questions (FAQs) on virtual currency. Under the cryptocurrency gu… Read More
2019-11-10 14:11
SALT Cap Not Unconstitutionally Coercive
A district court has dismissed a lawsuit filed by four states’ against the federal government, ruling that the $10,000 state and local taxes… Read More
2019-11-10 14:10
Final Regs Revert Back to Prior Partnership Disguised Sale Rules
New final regulations that address the allocation of partnership liabilities for disguised sale purposes revert back to pr… Read More
2019-11-10 14:10
Proposed Regs Address Tax Implications of LIBOR Elimination
Proposed regulations provide guidance on the potential tax consequences of replacing the London interbank offered rates (LIBORs… Read More
2019-11-10 14:04
Tax Extenders Remain Top Contender for Hitching a Ride on Must-Pass Government Funding Bill
“A thumb goes up, a car goes by…” Tax extenders remain a top contender for … Read More
2019-10-14 02:25
Wayne Naegele discusses, “Advance Payment Proposed Regulations Released”.
Elias Koumniotes discusses, “Eligible Partnerships Granted Extension to File Form 1065 and Schedul… Read More
Share the post
Get the latest news related to QuickBooks software and more | Accounting Software & QuickBooks Help
×
Subscribe to Get The Latest News Related To Quickbooks Software And More | Accounting Software & Quickbooks Help
Get updates delivered right to your inbox!