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Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More


Client News

Nasheville group buys the Westin Tampa Bay on Rocky Point ...
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Final Regulations Clarify Employment Tax Treatment of Partners in Partnership That Owns Disregarded Entity

The IRS has released final ... Read More


Final Regs Dealing With Lessees Claiming Investment Credit Disallow Basis Increases for Partners and S Shareholders Making Income Inclusions

IRS final regulations provide ... Read More


Preventive Care High Deductible Health Plan Exceptions Expanded for Chronic Conditions

Effective July 17, 2019, the list of preventive care benefits ... Read More


Proposed Regulations Address PFIC Rules

The Treasury and IRS have issued proposed regulations ... Read More


Proposed Exception to MEP Unified Plan Rule

Proposed regulations would provide an exception ... Read More


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House Approves Bipartisan Repeal of ACA’s “Cadillac” Tax

By: Annemarie Aguanno, CPA, Senior Audit/Tax Manager

 

nnemarie aguanno, CPAThe House has approved a bipartisan repeal of the Affordable Care Act’s (ACA) so-called "Cadillac"excise tax on certain high-cost insurance plans.

ACA Cadillac Tax Repeal

The Middle Class Health Benefits Tax Repeal Bill (HR 748) cleared ... Read More




Final Regulations Allow Truncated TINs on Forms W-2 Furnished to Employees

By: Salvatore Russo, CPA, Partner

 

Salvatore Russo, CPA, PartnerFinal regulations allow employers to voluntarily truncate employees’ social security numbers (SSNs) on copies of Forms W-2, Wage and Tax Statement, furnished to employees. The truncated SSNs appear on the forms as IRS truncated taxpayer identification numbers (TTINs). The regulations also clarify and provide an example of how the truncation rules apply to Forms W-2.

Why Truncate? ... Read More




Continuity Safe Harbor Deadlines for Energy Credit Facility Construction May Be Tolled for National Security Delays

By: Donald Sager, CPA, Partner

 

Wayne Naegele, Senior PartnerThe continuity safe harbor placed-in-service date deadlines for the investment tax energy credit (Code Sec. 48) and the renewable electricity production credit (Code Sec. 45(a)) may be tolled if a construction delay is caused by national security concerns raised by the Department of Defense (DOD).

Background

In general, the energy credit may only be claimed if construction on a qualified facility begins before ... Read More




    



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