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Akmcpa.com news digest

  • 7 years

    AKM Partner Warren M. Bergstein’s guide to tax planning for individuals and smal...

    Federal Tax Planning Strategies for Individuals and Small Businesses – See more at: http://www.nysscpa.org/news/publications/the-tax-stringer/stringer-article-for-authors/federal-tax-planning-strategies-for-individuals-and-small-businesses#sthash.W5YIOIGh...

  • 7 years

    1099 Deadline is January 31st

    As part of a number of rules and deadline changes  intended to make compliance easier for everyone, the IRS this year is requiring that 1099s for non-employee compensation be completed and distributed by January 31.  This is a month earlier than in prior...

  • 7 years

    AKM Principal Nancy L. Adams will be speaking at NYWIFT.

    AKM Principal Nancy L. Adams will be speaking at New York Women in Film & Television “Can I deduct it on my taxes?” on January 9. Nancy will cover the rules for tax deductions, including deductions specific to the film and television industry. For...

  • 7 years

    Net Investment Income Tax

    The Net Investment Income Tax “NIIT” was added to the Internal Revenue Code on March 30, 2010. It is imposed at a rate of 3.8% of certain net investment income of individuals, estates and trusts that have income above specified thresholds.
    While some taxpayers have been impacted by the tax since tax year 2010, most individuals, who are calendar year payers, were not subject to it until 2013.  As incomes rise more people are expected to be subject to the tax....

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