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May 2018 Issue

Home /Magazine/May 2018 Issue
Feature Articles

ICYMI | Tax Cuts and Jobs Act: Impact at Different Stages of Life

By  James R. Grimaldi, CPA, James A.J. Revels, CPA and Sidney Kess, JD, LLM, CPA

October 2019 0

The Tax Cuts and Jobs Act of 2017 (TCJA) made dramatic changes to the rules for individuals that affect tax planning at all stages of…

Featured

ICYMI | Tax Cuts and Jobs Act: Impact on Individuals at Different Stages of Life

By  James R. Grimaldi, CPA, James A.J. Revels, CPA and Sidney Kess, JD, LLM, CPA

June 2019 0

The Tax Cuts and Jobs Act of 2017 (TCJA) made dramatic changes to the rules for individuals that affect tax planning at all stages of…

Featured

ICYMI | Medicaid Qualifying Strategies When There Is No Time to Plan

How a Financial Planner Can Intervene in a Crisis

By  Howard Davidoff, JD, LLM, CPA

June 2019 0

In Brief As people age, disability can strike with little to no warning, leaving scant time for individuals and families to craft a financial plan.…

Featured

ICYMI | Post-TCJA Qualified Personal Residence Trust Planning

By  Martin Shenkman, JD, CPA/PFS, AEP

May 2019 0

In Brief The sweeping changes of the Tax Cuts and Jobs Act (TCJA) have prompted reconsideration of many financial plans. The realm of estate planning…

Featured

Forté Capital’s Selected Statistics

By  CPAJ Staff

June 2018 0

U.S. Unemployment Rate The U.S. unemployment rate remained at 4.1% for the sixth straight month. More robust economic growth, due in part to the federal…

News & Views

Tax & Accounting Update

By  Thomson Reuters Checkpoint

June 2018 0

Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…

News & Views

Estate Tax Resources

By  Susan B. Anders, PhD, CPA/CGMA

June 2018 0

There was much speculation surrounding the fate of the federal estate tax leading up to the ultimate passage of the Tax Cuts and Job Act…

News & Views

The Reality of Virtual Currency

By  Yigal Rechtman, CPA, CFE, CITP, CISM

June 2018 0

I have been following the virtual currency (VC) debate and marketplace for some years now, and would like to share my observations as a person…

Featured

Untangling the Inherited IRA Rules

Retiring Baby Boomers and the Impending Transfer of Wealth

By  Richard L. Russell Jr., JD, CPA, Richard L. Russell, JD, CPA and Kristina Kesselring, CPA

June 2018 0

As the baby boomers enter their sunset years, many of them will use traditional Individual Retirement Accounts (IRA) to support themselves in retirement. For a…

Featured

Moving to Another State

Financial, Legal, and Tax Issues

By  James R. Grimaldi, CPA, James A.J. Revels, CPA and Sidney Kess, JD, LLM, CPA

June 2018 0

Americans average 11.7 moves over their lifetime, according to the U.S. Census Bureau (“Calculating Migration Data Using ACS Data,” http://bit.ly/2pRvXxn). People move because of a job,…

Featured

My Journey as a Forensic Accountant

It’s Amazing What CPAs Can Do

By  Yasmine Misuraca, CPA, CFE

June 2018 0

Life has many unexpected turns; one such turn was the direction my career took when I was 29 years old. A single phone call from…

Feature Articles

Paid Family Leave Expands in New York

Common Questions about the New Law

By  Christopher Caldari and Dan Kuperstein, JD

June 2018 0

Big changes arrived for New Yorkers on January 1, 2018, when the New York Paid Family Leave (NYPFL) benefit went into effect. Called one of…

Featured

Estate Basis Consistency Rules Create Uncertainty for Executors and Beneficiaries

By  Richard L. Russell Jr., JD, CPA and Richard L. Russell, JD, CPA

June 2018 0

Over the next 20 to 30 years, the United States is expected to experience one of the largest transfers of wealth in modern world history…

Columns

Tax-Exempt Leases of Tangible Personal Property

Sales and Use Tax Implications

By  Corey L. Rosenthal, JD, Fred R. Komarow and Stanley Solomon, JD

June 2018 0

The lease of tangible personal property with an operator, or a “fractional ownership” arrangement where the use of a tangible asset is collectively shared by…

Feature Articles

Medicaid Qualifying Strategies When There Is No Time to Plan

How a Financial Planner Can Intervene in a Crisis

By  Howard Davidoff, JD, LLM, CPA

June 2018 0

In Brief As people age, disability can strike with little to no warning, leaving scant time for individuals and families to craft a financial plan.…

Featured

Using a Qualified Retirement Plan to Take Advantage of TCJA Provisions

A ‘Triple Play’ of Tax Benefits

By  David I. Gensler, MAAA, MSPA, EA and David M. Gelman, MAAA, MSPA, EA

June 2018 0

It is way too early to understand the full impact of the Tax Cuts and Jobs Act (TCJA) recently passed by Congress and signed into…

Featured

Reporting Virtual Currency Transactions to the IRS

Time May Be Running Out for Affected Taxpayers

By  Sharon L. McCarthy, JD

May 2018 0

IRS Notice 2014-21, issued on March 25, 2014, made it clear that the IRS would treat virtual currencies that can be converted into traditional currency…

Feature Articles

Planning During Terminal Illness

By  James R. Grimaldi, CPA, James A.J. Revels, CPA and Sidney Kess, JD, LLM, CPA

May 2018 0

In Brief Being diagnosed with a terminal illness is a profoundly emotional event that also raises many important financial questions. Financial planners can help provide…

Featured

First Look at the Tax Cuts and Jobs Act

Questions and Answers about International Taxation

By  Sidney Kess, JD, LLM, CPA and Chaya Siegfried, CPA

May 2018 0

Taxation of international activities has always been complex and rife with traps for the unwary. The Tax Cuts and Jobs Act of 2017 (TCJA) has…

Featured

Illegal Immigration and Tax Issues

Recent Changes Affect Available Deductions and Credits for Dependents

By  Joseph Foy, CPA, DPS and Frimette Kass-Shraibman, PhD, CPA

May 2018 0

Taxpayers may be surprised to know that, prior to the enactment of the Tax Cut and Jobs Act of 2017 (TCJA), under certain conditions illegal…

Columns

Reporting on Audits Conducted Under Dual Standards

By  Howard B. Levy, CPA

May 2018 0

As noted by the PCAOB in its Release 2017-001: “there are situations in which an auditor may be required by law or regulation, or voluntarily…

Featured

Post-TCJA Qualified Personal Residence Trust Planning

By  Martin Shenkman, JD, CPA/PFS, AEP

May 2018 0

In Brief The sweeping changes of the Tax Cuts and Jobs Act (TCJA) have prompted reconsideration of many financial plans. The realm of estate planning…

Featured

The Impact of the Tax Cuts and Jobs Act on Life Insurance

Increased Exclusions, Reduced Rates, and Rule Changes

By  Sidney Kess, JD, LLM, CPA and Lee Slavutin, MD, CLU, AEP

May 2018 0

In Brief The Tax Cuts and Jobs Act of 2017 will have far-reaching effects on many areas of financial planning, and life insurance is no…

Featured

First Look at the Tax Cuts and Jobs Act

The Impact on Individuals at Different Stages of Life

By  James R. Grimaldi, CPA, James A.J. Revels, CPA and Sidney Kess, JD, LLM, CPA

May 2018 0

The Tax Cuts and Jobs Act of 2017 (TCJA) made dramatic changes to the rules for individuals that affect tax planning at all stages of…

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  • Adapting to Constant Change March 2023
  • CPAJ News Briefs: FASB, PCAOB, IASB March 2023
  • Critical Audit Matter Reporting March 2023
  • Reassessing the Erroneous Refund Penalty March 2023
  • Keynote Session March 2023












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