NCCPAP News

This report covers the first IRS Liaison meeting for the year and includes updates regarding the 2022 tax season, such as improving communications, encouraging online access, and Chatbot & Voicebot additions. As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the January IRS Meeting. Encouraging Online Access & New Error Codes for EITC & ACTC in 2022 The IRS’s focus for 2022 is to help the taxpayer and the industry while ensuring the safety of IRS employees. They ... Read More

NCCPAP hosted its inaugural NCCPAP NOW event on January 10, 2022 at 10AM. This session kicks off a series of three educational events. The first event covered the latest happenings in the profession, a tax update (based on current legislation at the moment), an IRS liaison report, and a feature presentation by the TACPA (Texas) Chapter. TACPA focuses on peer review challenges and topics that the Texas State Board of Public Accountancy has taken on as leadership for the other state boards. Future ... Read More

SPECIAL EVENT NCCPAP's NEW ENGLAND CHAPTER In Partnership with the Westchester/Rockland, Florida, Delaware Valley, TACPA, New York City, and New Jersey Chapters Webinar: Build Back Better Tax Law When: TBD, 2-3 business days after the Act's final passage | 2PM-4PM ET  Cost:  Members $50 , Non-Members $100 50% discount for registration PRIOR to final passage of Act. Credits: 2 CPEs (Taxes) Speaker: Barbara Weltman, Esq. Barbara Weltman, Esq., is an attorney and prolific ... Read More

For the first time in NCCPAP history, two of our distinguished leaders have been recognized by Accounting Today in its popular annual industry publication: Top 100 Most Influential People in Accounting . Congratulations NCCPAP President, Mark A. Stewart Jr. and Tax Co-Chair and NPL Liaison, Stephen Mankowski. Both were featured and quoted in this year’s supplement. Who else made the list ? Joe Biden, Sue Coffey, Erin Collins, Gary Gensler, J. Russell George, and Mitch McConnell, Barry Melancon, ... Read More

This report covers the final IRS Liaison meeting for 2021 and includes updates relative to the following topics: Automated Collection System Improvements, Child Tax Credit Update, Disaster Relief, and the IRSAC Annual Report. As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the November IRS Meeting. IRS Automated Collection System (ACS) Improvements All 19 ACS call sites have answered a total of over 1.2 million text messages to taxpayers this year. The average ... Read More

This report includes updates relative to the following topics: Office of Appeals, TFAO Change to IRS NEXT, and the IRS Get Ready 2022 Campaign for Taxpayers As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the monthly IRS Meeting. Update from the Independent Office of Appeals Virtual Meetings: The Office of Appeals has not been holding in-person conferences during the pandemic, rather they have required their staff to meet through Zoom. Taxpayers and practitioners ... Read More

Please join us in congratulating the 2021-2022 Officers and Directors for the National Conference of CPA Practitioners (NCCPAP). The installation of Officers took place on October 27, 2021. The 2021-2022 Officers include the following individuals from their respective firms:           President           Mark A. Stewart Jr., CPA           Feldstein & Stewart, LLP           New City, NY           Westchester/Rockland Chapter           Executive Vice President           Frank Sands, CPA ... Read More

Topics Include the Overwhelming Volume at the IRS, Covid Relief Employment Tax Credits, and Tax Pro Account/Digital Authorizations. As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the monthly IRS Meeting. Update from the National Taxpayer Advocate The IRS is inundated with volume and while there are many factors contributing to this, it is overwhelming to the Service. While they are working hard to remedy this in multiple ways, the level of service is ... Read More

IRS and AICPA Keynote Speakers Featured at NCCPAP’s 19 th Annual Accounting and Tax Symposium Headliners Barry Melancon, President & CEO of AICPA and Ken Corbin,  Chief Taxpayer Experience Officer at the IRS, Present on November 9 th and 12 th September 23, 2021— The Educational Foundation of the Nassau/Suffolk Chapter of NCCPAP and the Nassau/Suffolk Chapter of NCCPAP are proud to announce this year’s esteemed keynote speakers for this fall’s Accounting and Tax Symposium (ATS 2021). ... Read More

The National Conference of CPA Practitioners (NCCPAP) announces its support of H.R. 4214, commonly referred to as The Tax Deadline Simplification Act. Co-sponsored and introduced by Representatives Debra Lesko (R-AZ) and Bradley Schneider (D-IL), this bipartisan legislation, if enacted, will simplify the quarterly installments for estimated income tax payments by individuals, changing the due dates for the second and third quarter estimated federal income tax payments to have all quarterly payments ... Read More

August 11, 2021—Last week, the Internal Revenue Service released Notice 2021-49 in response to repeated requests by the accounting and business communities to provide clarification regarding rules governing the Employee Retention Credit (ERC). In so doing, the IRS issued a damaging blow to those businesses hardest hit by the COVID-19 pandemic—small family-owned businesses. The original rules governing the ERC did not allow for a credit for wages paid to family members, including the children and ... Read More

Succession Planning for Accounting Firms August 24, 2021 CLICK HERE TO REGISTER WESTCHESTER/ROCKLAND CHAPTER'S Succession Planning for Accounting Firms 2 CPE Specialized Knowledge Bill Carlino Bill Carlino serves as managing director at Transition Advisors LLC, one of the country’s preeminent consultants specializing in CPA firm ownership and transition where he oversees the New York New Jersey and New England markets. He joined Transition Advisors after serving ... Read More

Topics Include Office of Promoter Investigations, Fraud Enforcement Office Update, and the Introduction of Several New Office Directors As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the monthly IRS Meeting. New Resources Relative to Child Tax Credits Can Be Found Here Office of Promoter Investigations This newly created service-wide office is being headed by Lois Deitrich , a 20-year veteran of the agency. Deitrich is working on agency-wide ... Read More

‘The Place to Be’ for a Sophisticated Dialog and a Fantastic Experience The Educational Foundation of the Nassau/Suffolk Chapter of NCCPAP and the Nassau/Suffolk Chapter of NCCPAP are proud to announce this year’s lineup for its Accounting and Tax Symposium (ATS). This year’s event (formerly known as the Long Island Tax Professionals Symposium or LITPS) will remain virtual. Based on the success of last year’s virtual format, the NCCPAP organizations will continue to welcome a national audience ... Read More

New York State Mandated Annual Sexual Harassment Prevention Training July 27th, 2021 CLICK HERE TO REGISTER WESTCHESTER/ROCKLAND CHAPTER'S NYS Mandated Annual Sexual Harassment Prevention Training 2 CPE Specialized Knowledge Matthew E. Stein ESQ. Matthew Stein has extensive litigation and trial experience, representing and counseling employers on a wide range of issues. He represents clients in state and federal court and before administrative agencies. ... Read More

July 6, 2021—The National Conference of CPA Practitioners (NCCPAP), an organization representing Certified Public Accountants (CPAs) and other tax professionals, announces its endorsement of H.R. 4184, the Taxpayer Protection and Preparer Proficiency Act of 2021. This bill, once it becomes law, would grant the U.S. Department of the Treasury and the Internal Revenue Service (IRS) the authority to regulate those who prepare tax returns. “It is gratifying to see that this legislation has been introduced ... Read More

Topics Include Large Corporate Compliance Audits, Child Tax Credit Updates, Passport Revocation Update, and the Marijuana Industry As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the monthly IRS Meeting. Large Business & International (LB&I) Division Large Corporate Compliance (LCC) audits are the largest audits performed by the IRS. The LB&I division annually selects which businesses it will examine based on a risk profile. To determine the LCC population, ... Read More

NCCPAP National Quarterly Conference By Mark A. Stewart, Jr., CPA, National President, NCCPAP June 22, 2021—NCCPAP recently held its National Quarterly Conference on June 7-9, 2021. Our summary of important topics includes: Meetings with Congress and the IRS The NCCPAP leadership team is currently planning a series of virtual meetings with Congressional and IRS leadership in late July. These are being coordinated through our National Tax Committee co-chairs, Steve Mankowski, ... Read More

NCCPAP President, Mark A. Stewart Jr., CPA will be speaking at the Suffolk County Bar Association’s Tax Law Committee event on July 8, 2021 at 5pm. Mark will present COVID-19 Tax Planning Opportunities, discussing the CARES Act and Consolidated Appropriations Act of 2021; business sales and retirement planning opportunities; and the strong chance of legislative change due to the new administration.   COVID-19 Tax Planning Opportunities July 8, 2021 at 5pm   To register, please email nour@litaxattorney.com ... Read More

Foreign Tax Compliance for US Citizens June 29, 2021   CLICK HERE TO REGISTER WESTCHESTER/ROCKLAND CHAPTER'S Foreign Tax Compliance and Potential Issues 2 CPE TAX Hana Boruchov, Esq, Leo Gabovich,Esq., Altin Nonaj, Esq. Hana Boruchov,Esq. is a graduate of Benjamin N. Cardozo School of Law with a corporate law concentration. Hana is a nationally recognized speaker and author. She is an honoree of Super Lawyers Rising Star Award, consecutively for 2019, 2020 ... Read More

Topics Include Filing Season Statistics, Restaurant Revitalization, and Small Business/Self-Employed Division Updates As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the monthly IRS Meeting. Filing Season Fun Facts & Other Updates—At a Glance 136 million federal tax returns filed $254 billion in refunds; 94% filed electronically; 92% direct deposit 9.9 million phone calls answered (March experienced 1500 calls/second!) 1000 IRS employees to be added ... Read More

Topics Include an Update on the New Tax Pro Account Release and a Spotlight on Criminal Investigation Programs As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the monthly IRS Meeting. Tax Pro Account Thanks to COVID, the IRS accelerated its release of the Tax Pro Account. While the first release was anticipated for Q3 2022, the IRS is now looking at Q3 2021. With the upcoming release, the forms will automatically be entered into the Centralized Authorization File ... Read More

NCCPAP Leaders Highlighted in the Media We’re being heard! NCCPAP is gaining more and more visibility in the media. Over the past several months, NCCPAP Board Members and our CPA member experts have been tapped as trusted sources for tax and regulatory information and advocacy. Some recent examples include: April 9, 2021, New York Times As featured in the Your Money Adviser Section, The Tax Filing Deadline Was Delayed, but Read the Fine Print Our NCCPAP ... Read More

Topics Include Current Filing Statistics, Improvements to The Taxpayer Experience, and COVID-related Retirement Plan Relief As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the monthly IRS Meeting. Current Filing Statistics 66M returns have been received through 3/12; 58.4M returns have been processed More than 15M business returns have been process through 3/12 160M is the total expected number of returns to be received Free File participation is up ... Read More

ATS 2021 Tax Season Special Pricing This year's 19th Annual Accounting & Tax Symposium (formerly LITPS) will again be virtual. Based on the success of our first virtual event last year, we are offering relevant & timely topics, nationally recognized speakers, an enhanced Lunch & Learn for networking, and up to 32 CPE Credits! We have spent hundreds of hours enhancing your Tax Symposium to make this a memorable event with the quality and exceptional education experience that you deserve. The event ... Read More

March 22, 2021—The National Conference of CPA Practitioners (NCCPAP), an organization representing sole practitioners and small CPA firms across the country, would like to take this moment to thank the U.S. Department of the Treasury and the Internal Revenue Service (IRS) for their announcement last week extending the due date for personal income tax returns from April 15 to May 17, 2021; however, NCCPAP recognizes that work still needs to be done to help both individual and corporate taxpayers. ... Read More

March 19, 2021— Dear Director Ficara and Governor Murphy, For the last twelve months, taxpayers, practitioners, and the New Jersey Division of Taxation have been dealing with unprecedented circumstances associated with the Covid-19 pandemic. Every tax filing season is fraught with uncertainty. Unfortunately, the circumstances associated with the 2021 filing season are outside of the control of taxpayers, practitioners, and even the Division of Taxation. There has been late legislative action, ... Read More

March 19, 2021— Dear Commissioner Schmidt and Governor Cuomo, For the last twelve months, taxpayers, practitioners, and the New York State Department of Taxation and Finance have been dealing with unprecedented circumstances associated with the Covid-19 pandemic. Every tax filing season is fraught with uncertainty. Unfortunately, the circumstances associated with the 2021 filing season are outside of the control of taxpayers, practitioners, and even the Tax Department. There has been late legislative ... Read More

March 17, 2021—The National Conference of CPA Practitioners (NCCPAP), an organization representing CPAs across the country, gives its thanks to the U.S. Department of the Treasury and the Internal Revenue Service (IRS) regarding its decision to extend the April 15 filing and payment due date for personal income tax returns or extensions until May 17, 2021. “The past year has been extremely trying for everyone, especially for those who prepare income tax returns and advise businesses,” says Mark ... Read More

Topics Include Several COVID-related items: Employee Retention Credits, Recovery Rebate Credits, and PPP Loan Update As reported by Tax Chair, Stephen Mankowski, CPA, CGMA, who recently attended the monthly IRS Meeting Nationwide Tax Forums Registration opened on March 1. The IRS Forums will begin in July and spread over five weeks with Tuesday, Wednesday and Thursday seminars. A case resolution room will be available until the Forums go back to live events; however, there will be an Exhibit ... Read More