It now appears that electronic filing will begin on Monday January 29, 2018 for individual returns. This should be valid for 2017, 2016 and 2015 only.
On the other hand, business returns can be filed starting Monday, January 8, 2018. However, this is unlikely to include NYS and NYC.
We hope everyone is having or had a nice holiday season. Cards and calendars went out a couple of weeks ago. If anyone wants wallet sized calendar cards, let us know. Appointments can be made now, if you wish. Happy New Year
The new tax bill was signed yesterday by President Trump. There are a few things you can do for the remainder of the year.
1. Load up on deductions for 2017 as it will be likely worth more in 2017 than 2018. This is especially true for job expenses since its going away in 2018.
This only applies if you itemize by the way.
2. Prepay your property taxes for 2018, if the assessor will accept it. This is only good if you itemize and are not subject to AMT. Governor Cuomo has issued an executive order helping some taxpayers. https://www.governor.ny.gov/news/governor-cuomo-takes-emergency-executive-action-deliver-property-tax-deductibility-new-yorkers
3. Delay income for 2017 since the tax rate will be lower and why should you pay taxes in 4 1/2 months when if you wait a week or so, you can delay payment until April 15, 2019.
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