Blogs

 
President Trump, the Chairman of the SEC, An Emmy Nominee, and Neil Fishman, NCCPAP’s National President These movers and shakers have been recognized by Accounting Today as the Top 100 Most Influential People—those thought leaders and change-makers who are shaping the accounting profession. Congratulations to Neil H. Fishman, CPA, CFE, FCPA, CAMS, and NCCPAP President, who follows in the footsteps of other esteemed NCCPAP Presidents acknowledged by Accounting Today in previous years. This prestigious honor is by no means automatic—there’s an extensive questionnaire and years of dedication and credentials that are required for consideration. “I’m ...
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Topics Include: Disaster Assistance Relief, Identity Protection Program, IRSAC Briefing Book, and the new 2020 W-4 Immediate Past President, Stephen Mankowski, CPA, recently attended the November 2019 IRS NPL meeting. Highlights are as follows: National Tax Security Awareness Week A week full of events occurred last week beginning with a multi-city press tour commencing on Cyber-Monday. NCCPAP was invited to make some remarks and personal appearances in Miami, FL and Philadelphia, PA. Disaster Assistance Relief With an increase in the number of weather and fire-related disasters in the US, there are special tax law provisions to help taxpayers ...
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Karen Giunta, CPA and Sanford Zinman, CPA Recognized for Their Lifetime Achievements NCCPAP Gold Awards are not to be taken lightly. In fact, they are not given out frequently. In addition, the previous recipients have the responsibility and honor of selecting the new recipients. As NCCPAP (the National Conference of CPA Practitioners) continues to celebrate its 40th Anniversary as an organization of ‘CPA practitioners helping CPA practitioners’, two individuals have been recognized for their lifetime achievements not only as CPAs, but also as contributors, advocates, and selfless volunteers to the entire organization. Congratulations to Karen P. Giunta, CPA ...
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NCCPAP National office and Nassau Suffolk Chapter are now at 185 Froehlich Farm Blvd., Woodbury, NY 11797. All phone numbers remain the same. #News
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Please join us in congratulating the 2019-2020 Officers and Directors for the National Conference of CPA Practitioners (NCCPAP). The installation of Officers took place at The Fox Hollow in Woodbury, New York on October 23, 2019, to coincide with the organization’s 40th Anniversary celebration. The 2019-2020 Officers include the following individuals from their respective firms: President : Neil H. Fishman, CPA, CFE, FCPA, CAMS, Fishman Associates CPAs, Boynton Beach, FL Executive Vice President : Mark A. Stewart, Jr., CPA, Feldstein & Stewart, LLP, New City, NY Vice President : Scott Cheslowitz, CPA, Rothenberg & Peters, PLLC, Great Neck, ...
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NCCPAP's Neil H. Fishman, CPA, CFE, FCPA, CAMS shares the top issues facing the tax practitioner community with Accounting Today ’s Editor-in-Chief, Daniel Hood.  Listen to the Podcast #New
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Somebody looking to hire a staff accountant let me know.I know someone who is looking to work for a Cpa firm.She passed all 4 papers of cpa and has past experience.
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Several members of the National Conference of CPA Practitioners (NCCPAP) will be speaking at the upcoming Accounting & Finance Show at the Javits Center in New York City on July 10-11, 2019. The conference is free. This is a very large accounting show where NCCPAP can showcase its organization, recruit new members, and provide education supplied by its many member experts.   #Ne
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NCCPAP Immediate Past President, Stephen Mankowski, CPA, recently attended the June 2019 IRS NPL meeting. Highlights of this month’s meeting include: ETAAC Public Report, Penalty Relief, Private Debt Collection & TIGTA, and W-4 Update. Read more at the link below. View the Highlights
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​ RE: Tax Cuts & Jobs Act - Session III Feb 1 2018 Reminder today’s session is at the Crest Hollow Country Club We are fortunate that we have new information available for this session. Please be patient as Kathy accumulates the information and creates a PDF encompassing all of the necessary materials.  Remember our speakers are working hard to bring you valuable insights that will benefit you and your clients.  Please check the library and download this PDF and bring it as well as your badge.
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​ RE: Tax Cuts & Jobs Act - Session III Feb 1 2018 Reminder today’s session is at the Crest Hollow Country Club We are fortunate that we have new information available for this session. Please be patient as Kathy accumulates the information and creates a PDF encompassing all of the necessary materials.  Remember our speakers are working hard to bring you valuable insights that will benefit you and your clients.  Please check the library and download this PDF and bring it as well as your badge. ​​
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4th quarter NYS estimated tax was set up for Dec 31st. Since it was a Sunday and holiday weekend, it appears the actual transmittal of funds will go out January 2nd. Is the payment still considered 2017 for the Federal itemized deductions?
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​ US Congress Conference Report which has not been voted on or passed yet, refers to the final version of the bill - does not allow a deduction for prepayment of 2018 state income taxes.   https://rules.house.gov/conference-report/hr-1 In addition prior revenue rulings 71-190 and 82-208 also preclude taking a 2017 deduction for payments made in 2017 to be applied to a tax liability in 2018 — notably, a year that has not even arrived at the time of payment, let alone produced any income, deductions, credits, or other items to support a tax calculation. Any payment might be in the form of an estimated tax — to be credited against the 2018 tax liability ...
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​ US Congress Conference Report which has not been voted on or passed yet, refers to the final version of the bill - does not allow a deduction for prepayment of 2018 state income taxes. https://rules.house.gov/conference-report/hr-1 In addition prior revenue rulings 71-190 and 82-208 also preclude taking a 2017 deduction for payments made in 2017 to be applied to a tax liability in 2018 — notably, a year that has not even arrived at the time of payment, let alone produced any income, deductions, credits, or other items to support a tax calculation. Any payment might be in the form of an estimated tax — to be credited against the 2018 tax liability ...
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​ It’s been 2 months since Hurricane Harvey, Hurricane Irma and Hurricane Maria hit, changing lives forever.  The Disaster Tax Relief and Airport and Airway extension Act of 2017 signed into law on September 29th offers specific disaster victims alternative methods of reporting eligible Hurricane Harvey, Irma and Maria disaster losses on their 2017 tax returns.  Remember these are temporary and limited to specifically identified areas and victims. Please visit our website for assistance with planning and/or reporting of casualty related issues http://aparnesscpa.com/services/casualty-loss-victims/    and additional blog posts http://aparnesscpa.com/resources/blog/ ...
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​ I too am a disaster victim and survivor. I woke up on the morning of October 29 th , 2012 to clear skies and stepped out of my house, walked down my front stairs onto the 3 feet of sand that had washed up from the beach during the storm.  As I started walking towards the beach (at the end of my block) I thought to myself “I don’t remember Kathy’s house having a garage,” as I got closer I realized her house had been ravaged by the storm and the roof was hovering 10 feet above the remains of her home.  Hurricane Sandy had hit Rockaway Beach in Queens NYC and life would never be the same or anywhere normal for several years to come.  The ocean had surged the ...
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Does any one have a specialty in forensic accounting?
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I handle many co-ops. In situations where I prepare the 1098 forms, I typically use Box 4 as a supplementary information box, and use the wording "RET" with a dollar amount to provide the shareholder's allocated real estate tax deduction. I also put the shareholder's apartment number and number of stock shares owned in that box. Again, just supplementary information to go along with Tax Letter. I have done this for over 20 years. I just learned that for tax year 2014, the IRS sent one of the shareholders a bill for unreported income, using the RET amount as income, treating the RET abbreviation as "return" of some kind. Has anyone ever seen this or have ...
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