Alerts

  • On July 31, President Obama passed the short-term highway funding bill. Included in this package is the changing of due dates for certain returns filed for years ending after December 31, 2015
  • In June, New York City extended the 421-a exemption program for housing development projects with over 15 units until January 15, 2016.
  • On May 29, Congress has extended the late filing provisions for filing form 5500-EZ permanently with a couple of modifications.
  • Effective May 18, 2015, the NYC-RPT form has been revised in include two additional Grantor and Grantee types.
  • IRS has issued final regulations that make significant changes to the rules regarding when you must capitalize an expenditure as opposed to deducting it as a repair.
  • September 16, October 15 and October 31 are quickly approaching. Click the link to find out what these dates mean for you.
  • The Affordable Care Act (ACA) requires employers to provide a notice to current employees with information regarding their coverage options, including information on the Health Insurance Marketplace by October 1, 2013, and to each new employee at the time of hire, or no later than within 14 days of an employee's start date. In order to comply with the ACA, a copy of the Employer Notice of Coverage Options letter must be sent to your employees starting on October 1, 2013. Under the ACA, individuals will be able to purchase health coverage through state or federally facilitated Health Insurance Marketplaces. Individuals will be able to enroll for coverage through the Marketplace beginning October 1, 2013, with initial coverage beginning effective January 1, 2014. Clicking on the link above will supply you with both the Employer Notice of Coverage Options letter for Employers who do offer health plans and the Employer Notice of Coverage Options letter for Employers who do not.
  • The United States Supreme Court has handed down its much-anticipated decision on the fate of Section 3 of the Defense of Marriage Act (DOMA) and the ruling has many implications for taxpayers.
  • Beginning April 1, 2012, the Metropolitan Commuter Transportation Mobility Tax (MCTMT, also known as the "MTA payroll tax") is eliminated for most businesses and all elementary and secondary schools.
  • The New York Department of Taxation and Finance has issued a memorandum discussing recently enacted amendments to the Metropolitan Commuter Transportation Mobility Tax (MCTMT)
  • The New York State Department of Labor (NYSDOL) now requires that all New York employers provide each employee with a written notification of their regular and overtime hourly wages by February 1, 2012 and, obtain a written acknowledgement of receipt from each employee.
  • The Internal Revenue Service has made it easier for real estate professionals to make late elections to treat all interests in rental real estate as a single rental activity.
  • Recently enacted Health Care Reform Act and the 2010 Hiring Incentive to Restore Employment Act (HIRE)