NASSAUSUFFOLK

Lacerte users-At this late day, we just noted that Lacerte put out an update to addback 50% of meals on  NY-IT 558 if 100% was taken on the Federal return.


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Lori Di Marco
LORI DI MARCO, CPA, PLLC
Patchogue NY
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Jay P. Haberman, CPA
sent from my phone


Original Message:
Sent: 4/14/2022 10:58:00 AM
From: Lori Di Marco
Subject: NYS and Meals deduction

Lacerte users-At this late day, we just noted that Lacerte put out an update to addback 50% of meals on IT 558 if 100% was taken on the Federal return.
As we were unaware of this decoupling earlier, returns were filed, basically, Sch C returns,  without this adjustment and will get notices from NYS.
We just realized that returns prepared previously and now being submitted this week have changed as a result of this.

------------------------------
Lori Di Marco
LORI DI MARCO, CPA, PLLC
Patchogue NY
------------------------------

Original Message:
Sent: 4/14/2022 10:58:00 AM
From: Lori Di Marco
Subject: NYS and Meals deduction

Lacerte users-At this late day, we just noted that Lacerte put out an update to addback 50% of meals on IT 558 if 100% was taken on the Federal return.
As we were unaware of this decoupling earlier, returns were filed, basically, Sch C returns,  without this adjustment and will get notices from NYS.
We just realized that returns prepared previously and now being submitted this week have changed as a result of this.

------------------------------
Lori Di Marco
LORI DI MARCO, CPA, PLLC
Patchogue NY
------------------------------