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Janover LLC congratulates partner Joseph A. Maffia, CPA, CGMA, who will be installed as a Vice President of the Board of Directors for the New York State Society of CPAs (NYSSCPA). The Installation of the incoming Board Officers and Members will be held at a dinner event on May 29, 2019, Cele Read More

Janover LLC congratulates partner Kenneth H. Rick, CPA, who will be installed as a member of the Board of Directors for the Nassau Chapter of the New York State Society of CPAs (NYSSCPA). The Nassau Chapter’s 66th Annual Installation Dinner will be held on Thursday evening, May 30, 2019 at Read More

Both the Tax Cuts and Jobs Act (TCJA) and Congress’s massive new spending package received widespread media coverage, but a couple of provisions that incentivize investments in low income housing have largely gone under the radar. One provision in the tax law offers significant tax breaks f Read More

When building a knowledge base in the Cannabis industry as a CPA, one’s tax research typically starts with Internal Revenue Code (IRC) Section 280E. For those that are unfamiliar, 280E is only three lines long. With this in mind, we at Janover realized that we needed to understand the conte Read More

You certainly couldn’t be blamed if you thought a dentist wouldn’t qualify as a “real estate professional” allowed to deduct rental real estate losses — after all, the IRS thought the same thing. You’d be wrong, though. The U.S. Tax Court found that a dentist who also operated a r Read More

Janover LLC is pleased to announce that partner Anne Marie Flynn, CPA, has been elected by the partners of the firm to Janover’s executive committee, effective January 1, 2019. Flynn has practiced public accounting for over 25 years. She has been with Janover since 2002 and brings a wealth Read More

As has been reported by multiple news outlets, CBS has refused to air a pro-medical marijuana Super Bowl commercial by Acreage Holdings, a Canadian publicly-traded portfolio company with investments in Cannabis cultivation, processing and dispensary operations. Their commercial, which you can Read More

Times are certainly changing in public accounting. Accounting firms across the country are now rushing to get Cannabis practice groups up and running. At Janover, we did not want to rush into the Cannabis industry, as we knew that in order to successfully launch the practice, we had to take t Read More

Last week, the IRS issued a safe harbor that allows a taxpayer to treat a rental real estate enterprise as a trade or business solely for purposes of Section 199A, or the 20% deduction. To qualify as a trade or business under this safe harbor, the rental real estate enterprise must satisfy th Read More

New for 2019: Senior Citizens Must Enroll in Income Verification Program for Property Tax Break Changes Ease Ability to Claim the Enhanced STAR Exemption The New York State Department of Taxation and Finance today reminded property owners age 65 and over who are applying or reapplying to rece Read More