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LATEST DISCUSSIONS

  • Posted in: NASSAUSUFFOLK

    Client works with a broker who arranged for RMD in 2022. However, he didn't do it in 2023, meanwhile the client thought that it was set up to be an automatic distribution. She had many conversations with the broker during the year and not once did he ...

  • Posted in: NASSAUSUFFOLK

    I have a few trusts with the beneficiaries and trustees no longer living in New York. It's my understanding that they no longer have to file their NY return. Is that correct? Thanks, ------------------------------ Michael Rubinstein CPA Michael ...

  • Posted in: NASSAUSUFFOLK

    Early in 2023, client purchased a Treasury Note for $265,000 (not original issue) which matured at the end of 2023 for $275,000. Is the $10,000 "extra" short term gain or US Treasury interest? Thanks, Jay Jay M. Menachem, CPA 300 ...

  • Posted in: NASSAUSUFFOLK

    I would treat as US Govt interest (not taxable on NYS) since the source is a US T note. I've never tried to find anything specific to New York treatment of this since I never thought the treatment was in question. -- Larry Prosky ...

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