July 6, 2016
Leaders from the Internal Revenue Service, state tax agencies and tax preparation community are warning tax preparers that they increasingly are targets of cybercriminals and should take appropriate steps to protect clients from data theft.
June 22, 2016
From initially offering books and classroom sessions for CPAs in California to producing high-definition webcasts and on-demand classes for CPAs across the country, the CalCPA Education Foundation has pioneered many advancements in continuing ...
June 21, 2016
The IRS is warning Americans about fake charity scams that are trying to use the mass shooting in Orlando as a way to raise money.
June 20, 2016
Small Business Tax Strategies offers pointers on some common situations. For more details and expert advice and guidance, visit a CPA. Generate energy credits in your state Q. In the last issue (SBTS May 2016), you explained rules for federal residential energy credits. Can you get this on a state level too? Anonymous A. Possibly....…
June 20, 2016
Previously, a licensee could only place orders for wine and spirits during normal business hours, by contacting a local store. Through LOOP, orders can be placed online at any time of day and on any day of the year, and emails to users confirm ...
June 20, 2016
Mortgage rates fell further this week, with the benchmark 30-year fixed mortgage rate now at the lowest point since May 2013, 3.69 percent, according to Bankrate.com's weekly national survey. The 30-year fixed mortgage has an average of 0.19 discount ...
June 13, 2016
Almost nine out of ten Americans (89%) receive unwanted calls each month according to a recent survey which has also revealed the top 5 types of scam people have fallen victim to.
June 13, 2016
Beware of the "wash sale" rule. This rule says you can't deduct the loss from the sale of securities if you buy "substantially identical" securities within 30 days before or after the loss sale. The disallowed loss is added to your basis in the new stock.
June 9, 2016
Whaling is a form of phishing attack where senior executives and others with access to valuable and sensitive data are sent very personal and well researched emails. The attacker may send the target an email that appears to be from someone they ...
June 8, 2016
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
June 3, 2016
An NYSSCPA member since 1987, Zovistoski has served on the Society’s Board of Directors each year for the past six years—two of them as the Society’s secretary/treasurer. He’s also served as Finance Committee chair and Northeast Chapter president, as ...
June 1, 2016
2016 Innovation Award Winner -- The Electronic Tax Return Reader imports data from borrowers’ electronic tax returns, including financial and real estate information. The patent-pending technology supports PDF files created directly from select tax ...