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Chapters

New York Chapter

 Chapter President

Edward Arcara, CPA
465 Franklin Street
Buffalo, NY 14202-1301
Phone: 716.884.2492

Chapter Announcements

  
  
  
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Picture Placeholder: Angelo P Cellini, EA
  • Angelo P Cellini, EA
312/17/2015 1:21 PM

​TAXPAYER GIFTS HIS PERSONAL RESIDENCE TO HIS CHILDREN AND RETAINS A LIFE ESTATE. TAXPAYER FILES A GIFT TAX RETURN.  WHEN TAXPAYER PASSES AWAY, IS THE PERSONAL RESIDENCE (TITLED TO THE CHILDREN BEFORE THE TAXPAYER'S DEATH) PART OF HIS GROSS ESTATE FOR NYS SUROGATE COURT FEES? IF THE ANSWER IS YES, DOES THE ESTATE REPORT THE SALE OF THE PERSONAL RESIDENCE ON FORM 1041?  IF THERE IS A LOSS FROM THE SALE IS IT A CAPITAL LOSS OR A PERSONAL NON-DEDUCTIBLE LOSS (THE RESIDENCE REMAINED VACANT DURING THE PERIOD OF ESTATE ADMINISTRATION)? IF THE ANSWER IS NO, DO THE CHILDREN REPORT THEIR SHARE OF THE SALE OF THE PERSONAL RESIDENCE ON THEIR 1040 AS A NON-DEDUCTIBLE PERSONAL LOSS? UNFORTUNATELY, I GET DIFFERENT ANSWERS TO THIS.

Edward L Arcara, CPA4/4/2016 7:11 AMNo
  
Picture Placeholder: Kathryn M Keane, EA
  • Kathryn M Keane, EA
112/2/2015 9:45 AM

​The NY Chapter is considering hosting a Tax Office Bootcamp in 2016. The Bootcamp would cover practice management, client retention, marketing, team building for office staff and best practices for a successful tax practice.

The Bootcamp would be taught over two (2) days and would offer attendees a chance to learn and grow their business while networking with other tax professionals in their area. No CE would be offered.

Please take our NEW SURVEY to let us know!

https://www.surveymonkey.com/r/NYChapterBootcamp

Tamika Mapp2/25/2016 8:16 PMNo
  
Picture Placeholder: Maureen A Whelan, CFP(R)
  • Maureen A Whelan, CFP(R)
01/27/2016 11:24 AM

NY State is telling me that I need to complete 16 hours of Continuing Education. 

I am NOT an EA or CPA or Attorney (nor do I play one on TV).  I HAVE completed more than 10 NY State Income Tax returns in 2014, 2013 and 2012.  It was my understanding that my CE requirement was 4 hours.  (Thanks to the NATP NY chapter for clarifying the 4 courses I had to take.)

Is my understanding of the requirements correct?

(Yes - I've left it to the last minute - but when I saw that they were having systems problems I thought my inability to complete the registration process was the problem they were trying to correct!)  Never assume.

Thanks,

Maureen Whelan

1/27/2016 11:24 AMNo
  
Picture Placeholder: Suzanne Meagher, EA
  • Suzanne Meagher, EA
01/22/2016 11:52 AM

​Hello

I have become concerned regarding email hacking and overall computer security.  I am looking for more than software, possibly a firm that could address issues/concerns.  Has anyone used a firm within the NYC metro area that they would recommend?

1/22/2016 11:52 AMNo
  
Picture Placeholder: Paul L Cellio
  • Paul L Cellio
11/9/2016 8:09 AM

​I recently participated in an Ultra Tax Annual Update Webinar Class and it was mentioned that NYS will not process an E-File return unless the taxpayer(s) enter a driver's license number or an ID card number.  I can not find anything further on this.  Is this true... Is it optional.  

Edward L Arcara, CPA1/16/2016 2:42 PMNo
  
Picture Placeholder: Adrianne L Shtop, ATP
  • Adrianne L Shtop, ATP
112/30/2015 11:43 AM

​Once you get through a NYS online learning video and answer all the questions, it asks for your name and something else to verify your participation.

Does anyone know what that other piece of data is? 

I cant get back into the system due to technical difficulties, but my recall says they ask for an OSN or OLS ??? I was thinking maybe Online Services Number, but I don't see anything like that in my online services account. And looking at my online services account window kicked me out of the video and I lost all my lovely correct answers. 

Thanks much for any assist, as I cant get through to NYS, of course!


Kathryn M Keane, EA1/11/2016 8:35 AMNo
  
Picture Placeholder: Kirk R Vanstrom
  • Kirk R Vanstrom
112/30/2015 8:37 AM

​While calling the NYS Department of Taxation and Finance this morning (12/30) for technical help, the message indicated that the department has extended the due date to meet our continuing education requirements from 12/31 to 1/30/2016. I am assuming it will be through the same format, but maybe someone has better information.

Kathryn M Keane, EA1/11/2016 8:33 AMNo
  
Picture Placeholder: Paulo Maurice Tennant
  • Paulo Maurice Tennant
412/7/2015 11:26 AM

​On October 21st. & 22nd. I took the NY Chapter continuing Educational courses, The NYS Rep. indicated that 4 hours would go toward NYS requirements, this morning in my attempt to register I am told there are no credits there for me, kindly let me know if I will be credited with the 4 hours.

Paulo Tennat

Paula L. Miller, AFSP12/27/2015 12:07 PMNo
  
Picture Placeholder: Kathryn M Keane, EA
  • Kathryn M Keane, EA
210/8/2014 2:32 PM

NYS just released its list of education to meet their requirement of four credits.  These are NOT offered by the Chapter.  Sadly, if you hold a NYTRIN, you are required to take these classes.  Check out http://www.tax.ny.gov/tp/reg/cont_ed_req.htm ​

Kathryn M Keane, EA12/2/2015 9:43 AMNo
  
Picture Placeholder: Kathryn M Keane, EA
  • Kathryn M Keane, EA
29/23/2015 2:49 PM

​Information about our upcoming Fall Series can be found on the Chapter's Education page along with the registration form.

 

Also keep an eye out for our John Hnat Scholarship! We are offering a scholarship for our 2016 Essential and Comprehensive 201 classes!

Kathryn M Keane, EA12/2/2015 9:41 AMNo
  
Picture Placeholder: Donald E Raymond, EA
  • Donald E Raymond, EA
17/30/2015 2:58 PM

​Resident taxpayer is moving to PA and does 1031 exchange of NY farm property with PA farm property.  Will the gain on the sale of the NY property be taxable in NY or will it be deferred because of the 1031 exchange?

Edward L Arcara, CPA11/14/2015 11:07 AMNo
  
Picture Placeholder: Kathryn M Keane, EA
  • Kathryn M Keane, EA
210/14/2015 3:54 PM

​The NY Chapter wants to know what type of education you would like for us to provide.

 

Do you prefer Federal topics or NYS topics? Click the link below to take the survey!

 

https://www.surveymonkey.com/r/NYNATP

Kathryn M Keane, EA10/28/2015 8:19 AMNo
  
Picture Placeholder: Kathryn M Keane, EA
  • Kathryn M Keane, EA
010/7/2015 2:40 PM

The NY Chapter's Annual Meeting will be October 23rd, 2015 at the Binghamton Doubletree Hotel on Water Street!

The Annual Meeting will be held at Lunch during the Binghamton Essential Class with Keynote Speaker NYS DTF Commissioner Jerry Boone!

If you would like to attend the Annual Meeting, but not the Essential Seminar, the fee is $30.

Reserve your spot today! Early Bird Pricing for the Binghamton Essential Class ends 10/9/15!

See below to get your registration form!
http://www.natptax.com/…/Docume…/2015ny-fallseries-flyer.pdf

10/7/2015 2:40 PMNo
  
Picture Placeholder: Anna Mary Kubenik, CPA
  • Anna Mary Kubenik, CPA
12/5/2015 2:40 PM

​I have a taxayer and spouse who are both resident of NY state. She works for NYC and lives in NYC. He works and lives outside the city. They file a joint federal return. How do I file the NYS return and the NYC return? Do they file a joint NYS return and she files separately for NYC? If the later is the way to file, what form do I use? And will they lose the education credit for NY if the file separate returns for NY.  

Edward L Arcara, CPA7/16/2015 1:05 PMNo
  
Picture Placeholder: Kathryn M Keane, EA
  • Kathryn M Keane, EA
07/13/2015 12:22 PM

​If you are going to conference, don't forget to stop by the Spirits Lounge at the Hilton New Orleans Riverside on Monday July 20th (immediately following the Charity Auction) for the NY Chapter Meet & Greet! You will get a chance to meet other Chapter Members, talk with colleagues, learn more about our upcoming education programs and get to meet members of your NY Chapter Board! So stop by Monday night and let us buy you a drink!

7/13/2015 12:22 PMNo
  
Picture Placeholder: Kathryn M Keane, EA
  • Kathryn M Keane, EA
06/15/2015 7:46 AM

​The NY  Chapter will host a member gathering on Monday evening after the Auction.  Watch the Announcement Board near the Registration Area at Conference site.  Info will be posted by 6 PM Sunday evening.

 

6/15/2015 7:46 AMNo
  
Picture Placeholder: Robert E Kaczmarek
  • Robert E Kaczmarek
312/31/2014 12:57 PM

Due to having open heart surgery and an additional surgery on my groin, I was not physically able to attend your WNY Tax review session.  I was wondering why you only schedule one session in Buffalo (Amherst, NY) this year. I know that you will say that there was a session in Rochester, NY. However circumstances prevent members from attending distance sessions. Therefore, how can I get CPE credits for NYS Tax Changes?​

Kathryn M Keane, EA6/10/2015 10:14 AMNo
  
Picture Placeholder: James M Kronenberg, CPA,EA,MBA
  • James M Kronenberg, CPA,EA,MBA
02/11/2015 2:05 AM

​Wondering if NYS resident with IRC Sec 1231 gain (sale of residential real estate with IRC Sec 1250 nonrecapture portion as well) must follow  NYS/NYC IT-215 Line 2 instructions (see below) so that EIC for NYS/NYC is disallowed when including 1231 gain as "Investment Income" for IT-215 purposes (strict use of IRS 1040 line 13 amount) but it is excluded per Fed EIC worksheet so Fed EIC is generated ?

"Line 2 – You cannot claim the New York State and New York City earned income credits if your investment income is more than $3,350. For most people, investment income is the total amount of: – taxable interest (from line 8a of federal Form 1040 or 1040A); – tax-exempt interest (from line 8b of federal Form 1040 or 1040A); – ordinary dividends income (from line 9a of federal Form 1040 or 1040A); and – capital gain net income from line 10 of Form 1040A or line 13 of Form 1040 (if more than zero). For additional information on what qualifies as investment income, see federal Publication 596, Earned Income Credit."

​Thanks for your feedback !  Appreciate any insights or tax software treatment experiences involving this.

2/11/2015 2:05 AMNo
  
Picture Placeholder: Megan Sonicksen
  • Megan Sonicksen
19/30/2013 8:31 AM

​Please use this discussion board for discussions specifically relating to the Chapter, state or local tax discussions.

For general discussion items relating to business management, federal tax or education, please use the discussion board located under Member Center>Community.

Anna Mary Kubenik, CPA2/5/2015 2:34 PMNo
  
Picture Placeholder: Jeffrey Almanzar, AFSP
  • Jeffrey Almanzar, AFSP
12/2/2015 4:46 PM

​Hi, 

I just joined NATP, I was wondering if there is a NYC chapter?

if so how can i get involved?


Jeffrey Almanzar

Steve Schultz2/5/2015 7:19 AMNo
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