May 01, 2015
Salvatore Russo
Articles, Blog Posts, P&N News
0 CommentsWe are pleased to announce that Salvatore V. Russo, CPA has been admitted to the firm as a partner. Sal joined Presti & Naegele in November, 2002. With over 15 years of experience in Public Accounting, Sal has serviced Business and Individual clients of all sizes, operating in multiple states and local jurisdictions, in a […]
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April 23, 2015Andrew PrestiArticles, Blog Posts, Uncategorized0 CommentsBetween now and late June, the U.S. Supreme Court is expected to rule on an important provision of the Patient Protection and Affordable Care Act: the Code Sec. 36B premium assistance tax credit. The Supreme Court has heard oral arguments in King v. Burwell, 2014-2 ustc ¶50,367, where the plaintiffs argue that the IRS erred in […]
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April 23, 2015Wayne NaegeleUncategorized0 CommentsAs an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of April 2015. April 1 Employers. Semi-weekly depositors must deposit employment taxes for payroll date March […]
Read moreApril 23, 2015Salvatore RussoArticles, Blog Posts0 CommentsTax reform percolates in Washington as the new Congress and the White House continue discussions over the scope and reach of tax legislation this year. Administration officials, lawmakers and Congressional staffers have signaled that off-the-record discussions have dealt with some hefty tax reform proposals but, so far, have released few details of these discussions. At […]
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March 13, 2015Steve GrgasUncategorized0 CommentsForm 1095-A, Health Insurance Marketplace Statement, is a new information return. The IRS requires the Health Insurance Marketplace to report certain information about every individual who receives health insurance coverage through the Marketplace to the agency and also to the enrollee. Form 1095-A reports information about the individual(s) covered by Marketplace coverage, the starting and […]
Read moreMarch 13, 2015Wayne NaegeleUncategorized0 CommentsAs an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of March 2015. March 2 Employers. File Forms 1097, 1098, 1099, 3921, 3922, and W2G with the […]
Read moreMarch 13, 2015Andrew PrestiUncategorized0 CommentsThe White House and the new Congress continue to look for common ground on tax legislation and tax reform in 2015. Both sides say tax reform is possible in 2015 and behind the usual rhetoric there seems to be a real drive to move tax reform in the 114th Congress. Reform could be similar to […]
Read moreMarch 13, 2015Salvatore RussoBlog Posts0 CommentsIn Rev. Proc. 2015-20, the IRS substantially simplified the requirements for small businesses to adopt the tangible property regulations (the “repair regulations”) for 2014. The relief allows small businesses to change their accounting methods, to comply with the regulations, without having to apply Code Sec. 481 and without having to file Form 3115, Application for […]
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