If you have clients with disabilities, they can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts. The Tax Cuts and Jobs Act enables eligible individuals with disabilities to put more money into their ABLE accounts, qualify for the Saver’s Credit in many cases and roll money from their 529 plans into their ABLE accounts.
For more information about ABLE accounts and the tax reform changes, visit IRS.gov/taxreform.
New York’s attorney general says President Trump used his charitable foundation like it was his personal checkbook, including $10,000 he paid from the foundation for a painting of himself.
In People of the State of New York v. Trump, the state alleges Trump wrote a check for $100,000 to settle a zoning dispute for his Mar-a-Lago club. The attorney general is suing to recover $2.8 million in restitution and fines for years of illegal transactions.
The Trump Organization denies the allegations, but one thing seems clear. There was no collusion because Trump signed all the checks himself.
While the federal income tax-filing deadline has ended, some of your clients may still need assistance. Several IRS resources are available year-round:
- IRS.gov. You can find helpful information by clicking on “Help” at the top of the home page to access several online tools, obtain answers to tax questions with the Interactive Tax Assistant and the IRS Tax Map, and choose ‘Where’s My Refund?’ to check the status of your client’s refund.
- Taxpayer Advocate Service. TAS can help any of your clients experiencing economic harm, who are seeking help in resolving tax problems, or who believe that an IRS procedure is not working as it should. Contact TAS at 1-877-777-4778.
- Low Income Taxpayer Clinics. The LITCsprovide professional representation to individuals who need to resolve tax problems.
- Multimedia Center. A number of YouTube videos are available on a variety of topics in either English, Spanish or American Sign Language. IRS podcasts are also available in English and Spanish.
- Twitter. @IRSnews provides tax-related announcements and tips. @IRStaxprostweets news and guidance for tax professionals. Tweets from @IRSenEspanolhave news and information in Spanish.
- The Taxpayer Advocate Service sends tweets from @YourVoiceAtIRS.
For more information, visit https://go.usa.gov/xQHcZ.
ALBANY — The New York State Police crime lab is analyzing DNA evidence using controversial techniques that have been characterized as junk science and led to shakeups at other labs around the country. A Times Union examination of records documenting the practices of the State Police’s Forensic Investigations Center also found the lab may be manipulating DNA analysis to match samples to known suspects in crimes, and that a national accreditation organization removed details of that allegation from an audit that was released in February.
The NYSBA General Practice Section is hosting a program for solo and small firm attorneys as follows:
Date: Tuesday, June 19, 2018
Time: 5:30-7:30pm – Registration and light dinner at 5pm
Place: New York State Bar Center | 1 Elk Street, Albany, NY
The event is free to General Practice Section members ($0 GP Section members / $15 NYSBA members / $30 non-members), but pre-registration is required.
The concept is simple: Lawyers talking to lawyers, about the real issues of solo and small firm practice. A facilitated format (The Solution Room) keeps discussion focused and lively, while attendees with a range of experience levels have opportunity to both give and receive advice on professional challenges. The Solution Room format has been used successfully in a range of professions on multiple continents to engage professionals in productive peer-to-peer discussion. The program will be facilitated by Adrian Segar of Conferences That Work in Marlboro, VT. For more details, see www.nysba.org/SoloSR18.
Register online at www.nysba.org/SoloSR18
Or GP Section members may RSVP via email to email@example.com. Please indicate your approximate length of time in solo/small firm practice, whether (a) 6 months-5 years (b) 6-10 years (c) 11-15 years, (d) 16-20 years, or (e) 20 years+.
And tell a friend!