Gary B. Carbo, CPA

01/11/2022

The IRS for begin accepting tax returns on January 24th 2022

09/29/2021

Sunrise yoga with my Beach Buddies Theresa and Pilar

02/19/2019

https://www.forbes.com/sites/alangassman/2019/01/20/what-to-ask-your-tax-advisors-about-the-new-section-199a-regulations/

Internal Revenue Code Section 199A was enacted as part of the 2017 Tax Cuts and Jobs Act (TCJA), and slightly modified in 2018. This provision provides a tax deduction of up to 20% of the net income that a taxpayer receives from an active trade or business, which may include rental real estate

03/24/2018

https://www.dealnews.com/features/Should-You-Do-Your-Own-Taxes/1920701.html

02/26/2018

http://www.heraldtribune.com/news/20180128/trading-in-bitcoin-does-require-paying-taxes

For tax purposes, the Internal Revenue Service views bitcoin and its cryptocoin cousins as property

02/09/2018

https://www.journalofaccountancy.com/news/2018/feb/tax-provisions-budget-act-201818370.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=09Feb2018&utm_content=button

The Bipartisan Budget Act of 2018 has many tax provisions, including retroactive extensions of a number of tax credits.

01/31/2018

https://www.ny.gov/new-york-state-paid-family-leave/paid-family-leave-information-employers

Nearly all private employees in New York State will be eligible for Paid Family Leave.

12/22/2017

https://www.journalofaccountancy.com/news/2017/dec/tax-reform-bill-changes-for-individuals-201718070.html?utm_source=AICPANewsupdate&utm_medium=email&utm_content=news32&utm_campaign=A17DC108

The tax reform legislation that Congress will consider this week contains many provisions affecting individuals—and many changes from both the House and Senate bills.

10/30/2017

https://www.smllp.ca/blog/giving-us-charities-canada-us-tax-treaty-not-simple-process

Giving to U.S. Charities & the Canada-U.S. Tax Treaty... not a simple process U.S. citizens/residents/greencard holders filing a U.S. Tax Return Charitable contributions made are not always deductible in the year they are incurred. Unlike Canada, which issues a non-refundab...

10/30/2017

https://www.garytax.com/2017/10/30/giving-to-u-s-charities-the-canada-u-s-tax-treaty-not-a-simple-process/