County Executive’s Corner: “Comptroller Agrees”

County Executive’s Corner: “Comptroller Agrees”

By County Executive Ed Day Earlier this week we received more good news in respect to the 2019 Proposed Budget. The New York State Comptroller’s Office found that, “the significant revenue and expenditure projections in the proposed budget are reasonable.” As one of the conditions of our deficit bond we must submit our proposed budget […]

A SALT cap surprise (so far)

A SALT cap surprise (so far)

BY E.J. McMAHON From the Empire Center The newly enacted federal income law provision limiting state and local tax (SALT) deductions “is likely to substantially decrease home values” in New York, Connecticut, Maryland and New Jersey. So claims a federal lawsuit filed by those four states against the Trump administration with the goal of having the $10,000 […]

Carlucci’s Column: Utility companies should send us a rebate check

Carlucci’s Column: Utility companies should send us a rebate check

BY STATE SENATOR DAVID CARLUCCI President Trump’s tax law will have many negative effects for New York. It will hurt hardworking taxpayers and help corporate giants. Our utility companies will have their corporate income taxes slashed from 35 percent to 21 percent generating a major windfall at the expense of customers. The Public Service Commission […]

TAX TIPS: Tax Season Filing Due Dates

TAX TIPS: Tax Season Filing Due Dates

BY PHIL GOLDSTEIN Managing Partner, Goldstein, Lieberman & Co. LLC A set of reminders for your 2017 individual return as the deadline nears: The filing due date is April 17 this year because April 15 is on a Sunday and Washington, D.C., observes its Emancipation Day holiday on April 16. There are a few ways to get a six-month extension if you […]

More Families May Be Eligible for the Child Care Credit/Dependency Exemption

More Families May Be Eligible for the Child Care Credit/Dependency Exemption

BY PHIL GOLDSTEIN Managing Partner, Goldstein, Lieberman and Co. The Tax Cuts and Jobs Act (TCJA) made significant changes to the child credit. This credit is generally available to taxpayers with children under the age of 17, but the new law adds a new (smaller) credit for other dependents. Here are the details. Old Rules – Under […]

Preparing for Tax Season

Preparing for Tax Season

BY ANDREW KABATCHNICK, CPA Preparing for tax time, whether you are preparing yourself or you have a professional, can be a very stressful time for most people.  However, there is a lot that can be done to help reduce the anxiety.  From organizing you receipts and bank statements to planning ahead and discussing changes with you accountant […]

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