The Consolidated Appropriations Act, 2023, which includes the SECURE Act, 2.0 was signed into law on December 29, 2022. The SECURE Act 2.0 is designed to build upon the provisions of the original SECURE Act to expand participation and boost retirement savings. In part, the SECURE Act 2.0 does this … [Read more...] about The SECURE Act 2.0 – Important Highlights to Know
NYS Enhanced STAR Exemption
You may have recently received a notification letter, Form RP-425-MBE from the New York Department of Taxation and Finance indicating that you are receiving the Basic STAR, but that you may now be eligible for the Enhanced STAR exemption, which provides a larger benefit to seniors. To be eligible … [Read more...] about NYS Enhanced STAR Exemption
How to Obtain Your 2022 SSA-1099
To assist in gathering your 2022 tax documents, here is a reminder of where to obtain a copy of your information return related to your Social Security Benefits. If you are a nonresident alien and you received or repaid Social Security Benefits, you will receive Form SSA-1042S. All others receiving … [Read more...] about How to Obtain Your 2022 SSA-1099
New – Small Business Newsletter Winter 2023 Edition
Full of timely and practical information, our Winter 2023 Small Business Newsletter covers a wide range of topics, from the Secure Act 2.0 article that outlines changes to retirement plans that may benefit small businesses, to our easy, convenient, and secure electronic process to send us your tax … [Read more...] about New – Small Business Newsletter Winter 2023 Edition
Charitable Deductions: Use Low Interest Rates to Your Tax Advantage
Certain planning techniques involve the use of interest rates to value interests being transferred to a charity or to private beneficiaries. While the use of these techniques does not necessarily depend on the interest rate, low interest rates may increase their value. Taxpayers can obtain a … [Read more...] about Charitable Deductions: Use Low Interest Rates to Your Tax Advantage
Do You Want to Protect Your Assets? Then This Webinar Recording on Setting Up Trusts Is for You!
If you missed our "standing room only" webinar on setting up trusts as part of your estate planning, you can listen to the recording here. Adam Ohar, CPA, Principal in the Tronconi Segarra & Associates Tax Department, held everyone's attention as he spoke about the different types of trusts, and … [Read more...] about Do You Want to Protect Your Assets? Then This Webinar Recording on Setting Up Trusts Is for You!