Star Property Tax Checks & Enhanced Star Fact Sheet-NYS Dept of Taxation & Finance

Legislative changes to the Basic Star and Enhanced Star property tax programs are summarized in a “Fact Sheet” from the NYS Dept of Taxation and Finance.  The sheet can be downloaded, printed, and is suitable for handing to clients at residential closings.

Amended Notice of Adoption Updating the Energy Code–Division of Code Enforcement and Administration

On August 25, 2016, the Code Council adopted a rule amending the March 9, 2016  rule. The Amended Notice of Adoption of the amended rule updating the Energy Code was published in the September 21, 2016 edition of the State Register. The amended rule updating the Energy Code update incorporates the following documents by reference:

 

•2015 International Energy Conservation Code

•2013 ASHRAE 90.1

•2016 Supplement to the New York State Energy Conservation Construction Code (Revised August 2016 

 

 

The “Revised August 2016” version of the supplement was posted on the website on September 2, 2016, your copy of the supplement is not current if you downloaded it before that date. For more information and to download the current version of the Supplement “Revised August 2016” CLICK HERE 

(http://www.dos.ny.gov/dcea/CodeUpdate.html)

 

 

Effective Date

The amended rule updating the Energy Code becomes effective on October 3, 2016. There is no “transition period” for the Energy Code.

 

Public access to the ICC Codes;

The ICC 2015 codes adopted by New York State can be viewed at no cost at; http://codes.iccsafe.org/New%20York%20State.html#2015

New Procedure Helps People Making IRA and Retirement Plan Rollovers

A new self-certification procedure will help recipients of retirement plan distributions who inadvertently miss the 60-day time limit for properly rolling these amounts into another retirement plan or individual retirement arrangement (IRA).

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Employer Tax Withholding Responsibility – YouTube

Learn how to deposit withheld employee taxes to avoid a trust fund recovery penalty in this new YouTube video.

Watch this and other videos on the IRS YouTube Channel

Employer Tax Withholding Responsibility

 

Try watching this video on www.youtube.com, or enable JavaScript if it is disabled in your browser.

IRS Warns Taxpayers of Summer Surge in Automated Phone Scam Calls; Requests for Fake Tax Payments Using iTunes Gift Cards

The IRS warns tax professionals and taxpayers to stay vigilant against an increase in IRS impersonation scams. The scams come in the form of automated calls and demands for tax payments on iTunes and other gift cards.

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Solid Waste Management Facilities (Part 360), Proposed Regulations – NYS Dept. of Environmental Conservation

Comprehensive Revisions, Enhancements and Structure Changes

This proposed rulemaking is a comprehensive revision to existing regulations. The last comprehensive revisions to the regulations governing solid waste management in New York State occurred in 1993. In support of these regulatory changes a Draft Generic Environmental Impact Statement (DGEIS) [PDF] (292 KB) has been prepared. The revisions include technical amendments and clarifications, as well as updated criteria needed due to legal and policy developments.

The existing regulations for solid waste management facilities are currently found in Part 360. A component of this proposed rulemaking is to subdivide the solid waste management facility regulations into groups that are similar in nature, such as facilities that recycle and recover materials. Therefore, the current Part 360 criteria will be found in Parts 360, 361, 362, 363, 365, and 366. In addition to the solid waste management facilities and activities currently regulated under Part 360, this proposed rulemaking includes revisions to regulations governing waste transportation (Part 364) and state assistance grants to municipalities related to solid waste management (Part 369). This rulemaking will also incorporate minor amendments to Parts 621 and Parts 370-374.

Read more here…

Aug. 17 Webinar: Protect your Clients, Protect Yourself from Data Theft

Leaders from the IRS, state tax agencies and the tax preparation community recently urged tax professionals to be proactive in the fight against identity theft and launched an expanded awareness campaign, Protect Your Clients; Protect Yourself, that will provide computer security tips and other information leading into the 2017 tax filing season.

As part of this effort, IRS invites tax professionals to participate in a free 1.5-hour webinar, Protect your Clients; Protect Yourself from Data Theft, on Aug. 17 at 1:00 p.m. Eastern. 

 

You can register for the webinar now.

 

Topics include:

    • Security Summit initiatives for FY 2017, including enhancing tax professional awareness of client data safeguards
    • Legal requirements and best practices to better protect taxpayer information
    • Emerging scams, as outlined by our Criminal Investigation expert
    • Steps tax professionals should take if they suffer a loss of taxpayer data
    • Opening remarks from IRS Commissioner John Koskinen and a live Q&A with IRS subject matter experts

Earn one continuing education credit in the category of federal tax.

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