The Presti & Naegele 
Advantage

 
Tax & Accounting Updates

Latest Tax Alerts


Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news.  
 

March 2015
Compliance Calendar


This calendar helps keep you, as an individual or business, aware of your tax filing/reporting deadlines.
 

FAQ: What is new Form 1095-A, Health Insurance Marketplace Statement
 

Form 1095-A, Health Insurance Marketplace Statement, is a new information return. The IRS requires the Health Insurance Marketplace to report certain information about every individual...

Presti & Naegele
 

Contact us at:
info@pntax.com
Tel:(212)736-0055
IRS provides repair regulations relief for small businesses
In Rev. Proc. 2015-20, the IRS substantially simplified the requirements for small businesses to adopt the tangible property regulations (the "repair regulations") for 2014. The relief allows small businesses to change their accounting methods, to comply with the regulations, without having to apply Code Sec. 481 and without having to file Form 3115, Application for Change in Accounting Method.

The repair regulations are broad and comprehensive, applying to any business that uses tangible property...
Tax legislation and reform cautiously move forward in new Congress
The White House and the new Congress continue to look for common ground on tax legislation and tax reform in 2015. Both sides say tax reform is possible in 2015 and behind the usual rhetoric there seems to be a real drive to move tax reform in the 114th Congress. Reform could be similar to the comprehensive package moved nearly 30 years ago in the Tax Reform Act of 1986, or, as many observers predict, will take a new track to reflect a vastly different economy and Tax Code compared to 1986.

Tax bills

The two tax writing committees-House Ways and Means and Senate Finance-have so far approved a number of tax bills impacting individuals and businesses...