Heckler & O’Keefe Has Moved Offices

Oct 29, 2020 | News

Our new office, conveniently located within walking distance of the Katonah train station, better serves NYC and Westchester businesses and clients. Please update your records to: Heckler and O’Keefe200 Katonah Ave.Katonah, NY 10536 Google Map Heckler and...

Final Regulations Update Definition of Qualifying Relative

Oct 29, 2020 | Taxes

The IRS has released final regulations that clarify the definition of a “qualifying relative” for purposes of various provisions for tax years 2018 through 2025. These regulations generally affect taxpayers who claim federal income tax benefits that...

2020-2021 Special Per Diem Rates Released

Oct 29, 2020 | Taxes

The IRS has released the 2020-2021 special per diem rates. Taxpayers use the per diem rates to substantiate the amount of ordinary and necessary business expenses incurred while traveling away from home. These special per diem rates include the special transportation...

Draft 2021 Partnership Forms Clarify International Reporting by Partners

Aug 29, 2020 | News, Taxes

The Treasury Department and the IRS have released drafts of proposed partnership forms for tax year 2021 (the 2022 filing season). The proposed forms are intended to provide greater clarity for partners on how to compute their U.S. income tax liability for relevant...

Guidance and Relief for 2020 RMD Waiver, Required Beginning Date Changes

Aug 29, 2020 | COVID-19, Taxes

The IRS has issued guidance and temporary relief for required minimum distribution (RMD) changes in 2020. Distributions that would have been RMDs under old law are treated as eligible rollover distributions. The 60-day rollover period deadline for any 2020 RMDs...

Trump Signs PPP Application Extension Bill

Aug 29, 2020 | COVID-19, Taxes

On July 4, President Donald Trump signed into law a Paycheck Protection Program (PPP) application extension bill that Congress had quickly passed just before the Independence Day holiday. According to several senators, the measure...