LOGO

PROVIDING OUTSTANDING
TAX SEMINARS SINCE 1995

REGISTER

Month: July 2019

NYS IT-205 Update

As discussed in our May 14, 2019 post, New York State retroactively changed certain income tax rules for trusts and estates as of January 1, 2018. For taxable years beginning after December 31, 2017, Form IT-205, Fiduciary Income Tax Return, permits a subtraction adjustment/deduction for taxes (other than state and local sales and income taxes) that exceed the $10,000 limitation on federal For...

E-File Blackout Periods

The IRS has announced when its e-file system will be offline during July and August.  Unlike most system maintenance periods, which occur mainly over weekends, the first of these upcoming blackout periods will include multiple weekdays. The first blackout period will be from 12:01 AM Eastern Time on Thursday July 18, 2019 through 12 PM Eastern Time on Monday July 22, 2019. The second black...