212.327.2103 admin@knsscpa.com
  • CLIENT PORTAL LOGIN
  • BOOK YOUR TAX APPT ONLINE
Kaplan-Newman, Schwartz & Schwartz, LLC
  • Home Page
  • About Us
    • Managing Partners
  • Services
    • Healthcare Professionals
    • Practice Owners
  • Client Resources
  • Blog and News
  • Contact Us & Directions
Select Page

The New Section 199A Qualified Business Income Deductions

by dmdcpas | Oct 4, 2018 | 2018 Fall newsletter

What is qualified business income deduction? Section 199A qualified business income deduction is available from 2018 to 2025. Taxpayers may deduct 20% of Qualified Business Income from Partnerships, S Corporations, Sole Proprietorships (Schedule C?s) and Real Estate...

Are Scholarships and Fellowships Taxable?

by dmdcpas | Oct 4, 2018 | 2018 Fall newsletter

We recently received an interesting question from a client that we know many of you may have as well: ?My daughter-in-law is doing a PhD and has an NSF Fellowship from the government.? Interestingly, the government does not take out taxes nor provide a W2 or 1099...

IRS Introduces New Tax Transcript to Better Protect Taxpayer Data

by dmdcpas | Oct 4, 2018 | 2018 Fall newsletter

The IRS has recently launched a new format for individual tax transcripts to protect taxpayer data from unauthorized disclosure and theft. The new format will redact personally identifiable information from the Form 1040 series.? Financial entries will remain visible,...

Are You Prepared for a Disaster?

by dmdcpas | Oct 4, 2018 | 2018 Fall newsletter

A natural disaster can strike at any time. Take time now to: Document valuables ? including by photographing or videotaping the contents of your home. Review and update your emergency plans annually. Visit Gov for help with planning. Create electronic copies of key...

How the New Tax Law May Impact Taxpayers with High Incomes, Dependents, or Complex Returns

by dmdcpas | Oct 4, 2018 | 2018 Fall newsletter

The Tax Cuts and Jobs Act, the tax reform legislation passed last December, made major changes to the tax law, including increasing the standard deduction, removing personal exemptions, increasing the Child Tax Credit, limiting or discontinuing certain deductions and...

Recent Posts

  • IRS Assistance Centers – Saturday Walk Ins
  • Start the 2022 tax year off right by checking your withholding
  • Deadline To Set Up A Retirement Plan For Your Office Extended To 3/15 Or Later
  • Clock Is Ticking To Avoid Forfeiture Of Provider Relief Funds Received In 2020
  • Are you a Locum Tenens physician?
  • Home Page
  • About Us
  • Client Resources
  • Services – Healthcare Professionals
  • Services – Practice Owners
  • Privacy Policy
  • Contact Us & Directions
(C) 2008 - 2021 Kaplan-Newman, Schwartz & Schwartz, LLC - 315 Madison Avenue 3rd Floor New York, NY 10017 ph 212.327.2103