Securities Trader Fust Charles Chambers Investing

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It's advantageous for short-term investors to qualify as traders, rather than investors, for federal income tax purposes. Unfortunately, there's no bright-line distinction between trader and investor status. Here's an overview of the IRS and U.S. Tax Court guidance to help determine if you qualify… Read more

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UI Fraud Fust Charles Chambers
The Department of Labor's Employment and Training Administration (ETA) reports "unprecedented increases in unemployment insurance (UI) claims amid the pandemic and related surges in fraudulent filing in states' systems by sophisticated criminal rings." This has caused widespread problems for states,…

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Tags: Education

CTC College Fund Fust Charles Chambers
If you're eligible for advance child tax credit (CTC) payments provided by the American Rescue Plan Act, you might wonder whether you should spend the extra cash. Some families are incurring extra child-care costs so the parents can return to work. But others don't have any imminent…

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SPAC Special Purpose Acquisition Company Fust Charles Chambers.jpg
Special purpose acquisition companies (SPACs) provide an alternate route for start-ups to access public markets instead of traditional initial public offerings (IPOs). Roughly 200 SPACs debuted in 2020, drumming up close to $64 billion in funds. In fact, in 2020, there was as much capital raised…

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Fust Charles Chambers 529 College Saving Plan
Tax-favored Section 529 college savings plans — also known as qualified tuition programs — have been around long enough that many people are now withdrawing money to pay for school. Qualified withdrawals are always federal-income-tax-free and usually state-income-tax-free, too. However, the full…

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Fust Charles Chambers ROTH IRA
Nowadays, many employer retirement plans give employees the option of contributing to designated Roth accounts (DRAs). According to a 2020 survey, 75% of employer plans now offer DRAs, which are also known as Roth 401(k) accounts. If your employer offers this option and your income is too high to…

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Tags: Best Of, Careers

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Congratulations, Matt Fantacone!

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Tags: Tax, Audit, Consulting

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As you recover, reopen, and rebuild, let Fust Charles Chambers LLP serve your special project needs. Pandemic induced delays and lingering projects can be readily managed and staffed by our seasoned professionals.

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Tags: Consulting

Preferred Provider Services, Fust Charles Chambers Professional CPA Firm Syracuse New York
On Friday, June 11, 2021 the U.S. Department of Health and Human Services (HHS) released updated Provider Relief Fund General and Targeted Distribution Post-Payment Notice of Reporting Requirements, which supersedes the guidance released on January 15, 2021.

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