October 22, 2021
Annemarie Aguanno- Author's Bio
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2021-2022 Special Per Diem Rates Released
2021-2022 Special Per Diem Rates Released The IRS has released the 2021-2022 special per diem rates. Taxpayers use the per diem rates to substantiate certain expenses incurred while traveling away from home. These special per diem rates include: the special transportation industry meal and incidental expenses (M&IE) rates; the rate for the incidental expenses only […]
Read more- October 22, 2021
- Annemarie Aguanno
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Final Foreign Partner Withholding Regulations To Be Deferred Until 2023
Final Foreign Partner Withholding Regulations To Be Deferred Until 2023 The IRS has announced that it intends to defer until 2023 the applicability of certain final regulations under Code Sec. 1446(a) and (f) relating to withholding of tax on foreign partners’ share of effectively connected income. Withholding Provisions on Transfers of Interests in Publicly Traded Partnerships DeferredThe amendments will […]
Read more- October 22, 2021
- Annemarie Aguanno
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IRS Reminds Taxpayers to File and Pay 2020 Tax Returns by October 15 Due Date
IRS Reminds Taxpayers to File and Pay 2020 Tax Returns by October 15 Due Date The IRS has reminded taxpayers to file their 2020 tax returns by the upcoming October 15, 2021 due date. Taxpayers must file on or before the extension deadline to avoid the penalty for filing late if they request an extension. […]
Read more- October 22, 2021
- Annemarie Aguanno
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Taxpayers Urged to Develop Emergency Preparedness Plans for Surviving Natural Disasters
Taxpayers Urged to Develop Emergency Preparedness Plans for Surviving Natural Disasters The IRS has reminded taxpayers to develop emergency preparedness plans due to the upcoming hurricane season and the ongoing threat of wildfires in some parts of the country. September is declared as the National Preparedness Month. Further, the IRS advised taxpayers to: secure critical […]
Read more- October 22, 2021
- Annemarie Aguanno
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Use of E-Signatures Approved for Certain Forms
Use of E-Signatures Approved for Certain Forms The IRS has allowed taxpayers to use electronic or digital signatures on certain paper forms they cannot file electronically. The Service has balanced the e-signature option with critical security and protection needed against identity theft and fraud. The IRS will accept a wide range of electronic signatures. Acceptable […]
Read more- October 22, 2021
- Annemarie Aguanno
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Tax Court Had Jurisdiction Over Innocent Spouse Case
Tax Court Had Jurisdiction Over Innocent Spouse Case The Tax Court had jurisdiction to determine the appropriate relief available to an individual who sought innocent spouse relief for two tax years at issue. Initially, the taxpayer submitted a request for innocent spouse relief for one tax year, which the IRS denied in a final determination. […]
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- October 01, 2021
- Wayne Naegele
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Annemarie Aguanno, CPA, Promoted to Partner
October 1, 2021 Dear Clients, Colleagues and Friends, Presti & Naegele is pleased to announce the promotion of our colleague Annemarie Aguanno, CPA to Partner. Annemarie, who has worked with the firm for more than 15 years, becomes the firm’s seventh partner. Her high level of client service, teamwork and commitment has made her a […]
Read more- September 28, 2021
- Wayne Naegele
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- P&N News
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NYS Pass-Through Entity Tax (PTET)
September 28, 2021 Dear Clients, Colleagues and Friends, For tax years beginning on or after January 1, 2021, New York has implemented a new Pass-Through Entity Tax (PTET) as a workaround to the limitation on the State and Local Tax (SALT) deduction imposed by the federal Tax Cuts and Jobs Act (TCJA) of 2017. The […]
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September 2021 Newsletter
Presti & Naegele is pleased to announce the launch of their YouTube Channel. Steve Grgas discusses, “Guidance for Claiming Employee Retention Credit in Third and Fourth Quarters of 2021”. Annemarie Aguanno examines, “PPP Direct Forgiveness Portal Created, Loan Questionnaire Discontinuance Explained”.
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- September 14, 2021
- Angelica Farrell
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2021 Luxury Auto Depreciation Caps and Lease Inclusion Amounts Issued
2021 Luxury Auto Depreciation Caps and Lease Inclusion Amounts Issued The IRS has issued the luxury car depreciation limits for business vehicles placed in service in 2021 and the lease inclusion amounts for business vehicles first leased in 2021. Luxury Passenger Car Depreciation CapsThe luxury car depreciation caps for a passenger car placed in service […]
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