Latest Articles

FBAR 1  55d48cf4e1ad9

August 19, 2015 

Tax Alert: New Deadline for FBAR Filing

Due to a little-noticed provision in the new highway appropriations bill signed into law on July 31 – the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 – the deadline for filing an FBAR (Report of Financial Bank and Financial Accounts) has been moved up from June 30 to April 15. But...…

hybrid cloud 1  55d48baa99324

August 19, 2015 

There’s No Accounting for the Hybrid Cloud

There’s absolutely nothing new about the hybrid cloud. You’d think that accepting that fundamental fact would be self-evident, but unfortunately it’s not. The terminology is misleading and has long since ceased to describe anything specific.

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August 19, 2015 

Back to College? Don’t Forget the Tax Credits and Deductions

The credits apply to eligible students enrolled in an eligible college, university or vocational school, including both nonprofit and for-profit institutions. The credits are subject to income limits that could reduce the amount claimed on their tax ...

semi truck highway 1  55d48674bfef4

August 19, 2015 

Highway Use Tax Returns Due Aug. 31

The deadline generally applies to Form 2290 and the accompanying tax payment for the tax year that begins July 1, 2015, and ends June 30, 2016. Returns must be filed and tax payments made by Aug. 31 for vehicles used on the road during July.

form 990 1  551c02fe55143

August 18, 2015 

New Law Simplifies Tax Filings for Nonprofits

A new law includes a streamlined automatic 60-day extension request process for federal tax filings of Form 990. The New York State Society of CPAs’ Exempt Organizations Committee had made the recommendation to the Internal Revenue Service ...