Our News

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 […]

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

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

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

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 […]