“It Was the Best of Times; It Was the Worst of Times.” By Neil H. Fishman, CPA, CFE, FCPA, CAMS, National President, NCCPAP September 3, 2020—As I write this message, Congress is on its annual summer break for the month of August and will not return until September 8. When they return,...
“May you live in interesting times” By Neil H. Fishman, CPA, CFE, FCPA, CAMS, National President, NCCPAP What we have experienced in the first half of this year has never been seen by most people alive today—a combination of the Spanish Influenza Pandemic of 1919 combined with the Stock...
July 30, 2020— RE: Regulation of Tax Return Preparers According to the IRS, 62% of individuals who currently have a PTIN are not otherwise credentialed, meaning that there is no oversight, regulatory body or authority where individual taxpayers can file a complaint if desired. The proposed...
July 28, 2020— RE: CARES Act, PPP Forgiveness and Expense Deductibility As the month of July comes to a close, there are several aspects of the CARES Act, that are scheduled to end, which will impact both businesses and individuals. Currently, Congress is busy working on additional legislation...
Topics Include: Economic Impact Payments, Nationwide Tax Forums, Pension Plans & COVID-19, Small Business/Self-Employed Division, and Qualified Business Income Deduction Immediate Past President and current Tax Chair, Stephen Mankowski, CPA, recently attended the monthly IRS Meeting. ...
May 14, 2020— Dear Senators Grassley and Wyden: The National Conference of CPA Practitioners (NCCPAP) wishes to express its appreciation for the efforts of you and your colleagues in the United States Senate to help small businesses across the country during the current COVID-19 pandemic. At...
April 22, 2020— Dear Secretary Mnuchin & Administrator Carranza: As the current economic situation has developed, another action was taken by Congress to create the Paycheck Protection Program (PPP). This program was designed to assist small businesses in retaining their employees during...
April 9, 2020— Dear Secretary Mnuchin & Administrator Carranza: When the current economic crisis hit the United States last month, Congress moved as quickly as possible to provide assistance to small businesses across the country, recognizing that small businesses are the backbone of our...
Topics Include: Update from Commissioner Rettig and COVID-19 Compliance Issues Immediate Past President and current Tax Chair, Stephen Mankowski, CPA, recently attended the March 2020 IRS NPL meeting. Bookmark this IRS Page for Ongoing Updates Regarding Coronavirus Tax Relief Update from...
March 24, 2020—The National Conference of CPA Practitioners (NCCPAP) is quite pleased with Treasury Secretary Steven Mnuchin’s response to our letter calling for an extension to the tax deadline. On Friday, March 20, the U.S. Department of the Treasury responded to further requests, from NCCPAP...