Committed to Providing our Clients With Integrated Solutions for Their Tax, Business and Estate Planning Needs |
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Tax ● Estate and Succession Planning ● Business Agreements and Transactions ● Probate and Estate Administration ● Elder Law and
Special Needs Planning
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Cryptocurrency, now synonymous with virtual currency, has been in the news as of late due to increased retail investor interest, volatility, and overall mainstream visibility. In addition, public figures, such as Elon Musk, have made significant investments in cryptocurrencies through their business holdings which has created even more interest in cryptocurrency trading. The increased mainstream visibility of Cryptocurrency has led to heightened concern by government regulatory bodies, including the IRS, the Treasury Department, and the Department Of Justice. Therefore, before investing in cryptocurrency it is prudent that we review the Federal taxation of cryptocurrencies. |
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We have been getting many questions about the use of Revocable Living Trusts and why they are a useful estate planning tool. While they are growing popularity due to their many benefits, including the avoidance of probate upon one’s passing, as well as the ability to have a loved one assist with asset management, there may be some downsides. Listen to Neil’s short clip for his tips to making your Revocable Living Trust as effective as possible. |
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Upcoming Events/Speaking Engagements |
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Friday, March 5, 2021
8:30 a.m. - 10:30 a.m.
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The Revised and Extended Employee Retention Credit
The Consolidated Appropriations Act, signed into law at the end of 2020, modified and extended the rules of the Employee Retention Credit, originally enacted as part of the CARES Act. Initially set to expire at the end of 2020, the credit is now applicable for a portion of 2021. In addition, more taxpayers will be eligible for the credit as a result of the changes implemented under the latest revisions. The rules of the ERC, however, are somewhat complicated and the reporting of the credit can create some confusion. This webinar will review the new version of the ERC, discuss the broader applicability to businesses and highlight the reporting requirements. As clients are becoming more aware of the availability of this credit it is essential that tax practitioners have the most up-to-date information.
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Course Level: Intermediate
CPE Credits: 2
Fee: $179.00
Date: Friday, March 5, 2021
Time: 8:30 a.m.-10:30 a.m.
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Thursday, March 11, 2021
5:00 p.m. - 6:00 p.m.
Tax Planning for IRAs in 2021 and Beyond
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Neil Katz with the Suffolk County Bar Association Tax Law Committee
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Wednesday, March 17, 2021
4:00 p.m. - 6:00 p.m.
Top Ten Pitfalls and Best Practices for NYS/NYC Residency
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Recent events and tax law changes have made many contemplate leaving New York State and New York City. As a result, practitioners are going to be faced with many reporting issues this tax season. The legal concepts involved in determining residency status often conflict with a layperson’s thoughts. During this webinar Lara and Yvonne will review NYS/NYC residency rules, highlight the Top Ten mistakes and items overlooked by practitioners, discuss best practices, and consider the issues and questions to be asked of a client claiming a change of domicile. Topics will include permanent place of abode, day count and allocation of income. Webinar hosted by NCCPAP. |
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Course Level: Intermediate
CPE Credits: 2
Fee: $50/$100
Date: Wed., March 17, 2021
Time: 4:00 p.m.-6:00 p.m.
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Katz Chwat, P.C. | 175 Broadhollow Road, Suite 130, Melville, NY 11747 | Website
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ATTORNEY ADVERTISING: This memorandum provides general information on legal issues and developments of interest to our clients and friends. It is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters we discuss here. Should you have any questions or wish to discuss any of the issues raised in this memorandum, please call your Katz Chwat, P.C. contact. |
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