12 Types of Passive Income That Aren’t Taxable
There are numerous ways to earn passive income, but unfortunately, most of them are taxable. This is particularly true of income-generating investments, of which only […]
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ASC 606
Below, please find the most updated audit ASC 606: ASC 606 might not apply to your nonprofit, but it’s easy to determine whether it affects your organization […]
Parents will see some changes to child tax credits – 2022 Tax Return
Parents can expect to see less money in child tax credits this year. Instead, the tax law is going back to the way it was […]
Actions against the U.S.—partnerships—charitable contributions deductions
(A) Actions against the U.S.—partnerships—charitable contributions deductions LLC and/or partnership’s complaint against govt., challenging IRS’s examination and treatment of its partnership return for the year for […]
New Jersey’s elective pass-through entity (PTE) tax
On January 18, 2022, Governor Phil Murphy signed into law New Jersey Senate Bill 4068/Assembly Bill 6110 (S. 4068), which revises significant aspects of New […]
2021 New York updates nonresident audit guidelines to change the 11-month rule to a 10-month rule for determining residency
New York updates nonresident audit guidelines to change the 11-month rule to a 10-month rule for determining residency In December 2021, the New York State […]
COVID-19 CONSIDERATION
Due to the restraints of COVID-19, AGAM CPA, PC will perform the audit remotely. AGAM created a portal for the client to populate all files […]
Private Foundations and Public Notice of the Availability of Annual Returns
New York State recently amended the Estates, Powers and Trusts Law (“EPTL”) and the Not-For-Profit Corporation Law (“N-PCL”) to require public notice of the availability […]
