Sidney Kess

September 27, 2023 | New York Law Journal

Most tax-related informational-type returns are filed with the IRS in coordination with income tax filing deadlines. However, there is at least one major deadline involving foreign assets that now requires filing with the Treasury. Another major reporting development involving the IRS and third-parties includes new filing rules.

By Sidney Kess

6 minute read

August 28, 2023 | New York Law Journal

In this article, Sidney Kess discusses the various potential tax issues to consider when businesses and individuals relocate to a different state.

By Sidney Kess

6 minute read

July 26, 2023 | New York Law Journal

The middle of the year is a good time to be certain that each individual's situation has been evaluated so that planning can be custom-tailored to each client's unique situation.

By Sidney Kess

8 minute read

June 21, 2023 | New York Law Journal

With the normal retirement age for Social Security now capped at 67, many individuals may be concerned about outliving their income. This is especially so given the high cost of health care over and above what Medicare provides. Fortunately, tax laws provide some ways to address the concerns of living to old age.

By Sidney Kess

6 minute read

May 26, 2023 | New York Law Journal

The following is a review of the major changes that took effect Jan. 1, 2023. They should be factored into withholding and estimated taxes for 2023.

By Sidney Kess

6 minute read

April 26, 2023 | New York Law Journal

The IRS has already noted 14 federal disasters in 2023—including tornados, mudslides, winter storms, severe rains and flooding. When this happens, there are tax consequences to individuals and businesses, writes contributor Sidney Kess.

By Sidney Kess

8 minute read

March 27, 2023 | New York Law Journal

In February 2023, the IRS reported that it has issued nearly eight million refunds to individuals with respect to 2022 returns averaging $1,963, down slightly from last year's average of $2,201. Almost 87% of refunds were made through direct deposits.

By Sidney Kess

7 minute read

February 22, 2023 | New York Law Journal

The good news is that penalties can be avoided, minimized, or abated, if proper action is taken.

By Sidney Kess

7 minute read

January 27, 2023 | New York Law Journal

The article provides a year-by-year overview of key provisions that may affect you, your family members, and your practice.

By Sidney Kess

8 minute read

January 05, 2023 | New York Law Journal

It seems that criminals are always one step ahead of taxpayers, businesses, and tax professionals. The innocents need to be proactive and their continued vigilance against scammers is essential.

By Sidney Kess

7 minute read