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Tax season is upon us and, as if paying taxes wasn’t bad enough, there is now a serious epidemic of identity theft in the area of tax returns. The days of filling out a paper tax return are over. Both professionals and do-it-yourself tax preparers use electronic filing methods. That, plus the timing of certain…


If you paid someone to care for your child, spouse, or dependent last year, you may be able to claim the Child and Dependent Care Credit on your federal income tax return. The credit is calculated on Form 2441 for filers of Form 1040 and Form 1040A. Here are some points you should know about…


Yesterday afternoon Governor Cuomo unveiled his Tax-Free NY initiative. This initiative designates University campuses and surrounding areas in New York State as tax-free communities in order to attract start-up businesses, venture capital, new businesses and investments and spur investment in New York State. The initiative designates all SUNY campuses outside of New York City and…

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