ncCPAp on the GO!

Warning TC-201 May no longer need a Certified Audit

  • 1.  Warning TC-201 May no longer need a Certified Audit

    Platinum Most Valuable Member
    Posted 01-26-2019 16:44
    We were preparing to do several of these audits.... and then    a notice appeared saying they may not be required.

    All should be aware ....




    The NYC Tax Commission's website now contains the following advisory: 

     

    "The New York City Council has passed intro 1038-A-2018. As a result, effective for applications for the 2019/2020 tax year, income and expense statements filed on Form TC201 must be certified by a certified public accountant only if the assessed value is equal to or greater than $5 million and the gross income is at least $100,000."


    Apparently,  the mayor must sign....

    you just do not want to be gearing up for work which may not be required any longer.





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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Melville NY
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