First and foremost, we hope that you and your families are well and safe. We appreciate the many emails and calls we have been receiving from our clients, checking in with us on our well-being.
We have temporarily closed our Manhattan and Long Island offices, and switched to work remotely, following the guidelines of the state and local authorities. We have the needed technology and our team is fully trained to work efficiently in a telecommute setting. Our
As the Coronavirus (COVID-19) pandemic spreads, Eshel, Aminov and Partners LLP is doing everything we can to ensure the health and safety of our team, clients and surrounding communities. We are leaning on our core values of acting with integrity, professionalism and responsibility. These values have guided us since our founding, and we test all our actions against them, because they will continue to be our core values for many years to come. Last year, we in
Taxpayers who took out federal or private student loans to finance their attendance at a nonprofit or for-profit school now qualify for safe harbor with regard to cancellation of debt income for discharged student loans. Relief is also extended to any creditor that would otherwise be required to file information returns and furnish payee statements for the discharge of any indebtedness within the scope of this revenue procedure. Background Previously, the Treasury Department
The Further Consolidated Appropriations Act, 2020, signed into law on December 20, 2019, extended a number of expired tax provisions for business and individuals through 2020. It also included several retirement plan changes and repealed three health care taxes. Here's what you need to know: Individual Tax Extenders Mortgage Insurance Premiums. Homeowners with less than 20 percent equity in their homes are required to pay mortgage insurance premiums (PMI). For taxpayers whose