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Sidney Kess

Sidney Kess

September 28, 2020 | New York Law Journal

Filing Amended Returns in the Age of the Pandemic

In his Tax Tips column, Sidney Kess advises that this year in particular warrants a review of returns filed for 2018 and 2019. And even after the 2020 returns are filed, it may be desirable in the future to amend previous returns.

By Sidney Kess

7 minute read

August 25, 2020 | New York Law Journal

Government Benefits for COVID-19 Relief: Taxable or Nontaxable?

In his Tax Tips column, Sidney Kess highlights how the federal, state and local governments have provided or are providing a variety of measures to help individuals and businesses get through the economic challenges presented by the pandemic.

By Sidney Kess

7 minute read

July 28, 2020 | New York Law Journal

Required Minimum Distributions: Now and in the Future

In his Tax Tips column, Sidney Kess highlights some changes to the SECURE Act and the CARES Act, for 2020 and beyond, regarding required minimum distributions.

By Sidney Kess

6 minute read

June 26, 2020 | New York Law Journal

Looking Ahead in Taxes

In Sidney Kess' Tax Tips column, he notes that there are changes afoot for 2021 that will impact tax planning for individuals and businesses. Here is what to watch for.

By Sidney Kess

7 minute read

May 22, 2020 | New York Law Journal

COVID-19 and Charitable Contributions by Individuals and Businesses

The pandemic has put many people and businesses in need of help. The government has stepped up to do this via Economic Impact Payments and various tax breaks. And individuals and companies have responded to this need through various charitable efforts. In his Tax Tips column, Sidney Kess discusses new rules for 2020 to incentivize this giving.

By Sidney Kess

7 minute read

May 04, 2020 | New York Law Journal

Filing for Tax Refunds Post CARES Act

In his Tax Tips column, Sidney Kess discusses aspects of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. A number of the CARES Act's changes suspend or alter rules put in place by the Tax Cuts and Jobs Act (TCJA). As a result, there are several opportunities to file for federal tax refunds, which produce immediate cash for taxpayers.

By Sidney Kess

7 minute read

March 30, 2020 | New York Law Journal

Analyzing Provisions of the CARES Act Tax Relief

In his Tax Tips column, Sidney Kess analyzes some of the provisions of the Coronavirus Aid, Relief, and Economic Security Act, the $2.2 trillion package to help individuals and businesses get through the health and economic crisis triggered by COVID-19.

By Sidney Kess

8 minute read

March 25, 2020 | New York Law Journal

Tax Updates Related to the Coronavirus

In his Tax Tips column, Sidney Kess discusses aspects of the Families First Coronavirus Response Act (H.R. 6201), which was signed into law on March 18, 2020 and creates new paid leave payments for employees and new tax credits for small employers. He also addresses other IRS COVID-19 pronouncements of note.

By Sidney Kess

8 minute read

March 20, 2020 | New York Law Journal

Your Child's Taxes Under New Law: What You Need To Know

The Further Consolidated Appropriations Act, 2020 (P.L. 116-94), which was signed into law on Dec. 20, 2019, made a number of dramatic changes that impact the taxation of children. Sidney Kess discusses the changes in this edition of his Tax Tips column.

By Sidney Kess

6 minute read

January 07, 2020 | New York Law Journal

Spending Measure: Tax Changes for Individuals

In his Tax Tips column, Sidney Kess discusses a new law that makes an estimated $426 billion in tax cuts for both individuals and businesses. These changes require individuals to reexamine their tax returns for 2018, consider which new rules apply for 2019, and plan ahead for 2020 and beyond.

By Sidney Kess

6 minute read