Team

Jeffrey Cohen

Jeffrey G. Cohen, CPA

Partner, Tax Services Leader

  • Jericho
  • (516) 336-2475
Jeffrey G. Cohen, CPA is the Partner-in-Charge of Tax Services at Grassi.  With over 20 years of experience, Jeff specializes in serving companies within the Manufacturing and Distribution Industry, with an emphasis on the Food & Beverage and Pharmaceutical sectors. 
 
A leading tax expert in the New York Metropolitan area, Jeff has enabled his clients to realize significant tax savings through proper tax planning and consultation. Specifically, Jeff has extensive experience assisting clients with research and development credits, cost segregations studies, domestic production exemption, defined benefit pension plans, IC-DISCs, NYS Qualified Empire Zones and the Excelsior Program, as well as tax credit utilization. 
 
In addition to Jeff’s role as the head of Tax services, he sits on the Firm’s Executive Committee and is the Treasurer of Long Island Elite (LIE).  He has also received a number of accolades, including being named one of Long Island Business News’ “40 Under 40” and the 2013 New York Enterprise Reports Accountant of the Year. Jeff was also an honoree of the Kings of Long Island by Queens Courier in 2018. 
 

Tax Alert: Repeal of the Cadillac Tax and other ACA Changes

Among the many provisions included in the end-of-year federal budget bill were the eliminations of three excise taxes imposed in the Affordable Care Act (ACA).

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Tax Alert: NJ Softens the Blow of SALT Deduction Cap

Owners of New Jersey pass-through entities have a new way to get around the $10,000 cap on state and local tax (SALT) deductions imposed by the Tax Cuts and Jobs Act of 2017.

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Year-End Charitable Giving Strategies

With only a few days left in 2019, keep these tax-savings strategies in mind when planning your last-minute charitable contributions.

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SECURE Act Signed into Law to Help Taxpayers Save More for Retirement

Last week, Congress passed some of the most significant retirement legislation in more than a decade. The SECURE (Setting Every Community Up for Retirement Enhancement) Act is designed to help Americans save more for retirement and to enable small employers to offer more retirement savings options.

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Alert: DOL Expands Retirement Plan Options for Smaller Businesses

The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to provide retirement plans to their employees. According to the DOL, the rule will enable more small and midsize unrelated businesses to join forces in multiple employer plans (MEPs) that provide their employees a defined contribution plan such as a 401(k) plan or a SIMPLE IRA plan. Certain self-employed individuals also can participate in MEPs.

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Alert: Qualified Opportunity Zones - New Proposed Regulations

The second round of proposed regulations issued on April 17, 2019 provide additional guidance on some of the questions and issues that remained unclear after the initial round of proposed regulations that were issued in October 2018.

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Alert: How Meals and Snacks Are Valued For Employers Via TAM

On January 18, 2019, Technical Advice Memorandum (TAM) 201903017 was released concluding that an employer cannot treat free employee meals as excludable under Code Section 119 “convenience of the employer” test. 

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IRS Waives 2018 Underpayment Tax Penalties for Many Taxpayers

The IRS has some good news for certain taxpayers — it’s waiving underpayment penalties for those whose 2018 federal income tax withholding and estimated tax payments came in under their actual tax liabilities for the year.

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Alert: Highlights of NYS Personal Income Tax Changes

New York State has decided to decouple from the Federal Tax Cuts and Jobs Act (TCJA) certain personal income tax changes for tax years 2018 and after.  

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EAlert: Business Meals and Entertainment Deductions

Many businesses still have questions regarding meal and entertainment expenses for 2018. The IRS recently amended IRC Sec. 274, relating to deductibility of business meals, eliminating deductions with respect to most entertainment, amusement or recreational activities.

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EAlert: Qualified Business Income Deduction

For the past eight months, tax practitioners have been reviewing and interpreting the Internal Revenue Code (“IRC”) associated with the pass-through deduction (Sec. 199A) and awaiting additional guidance. 

 

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EAlert: New York’s Optional Employer Compensation Expense Program (ECEP)

New York State Department of Taxation and Finance released guidance on July 3rd relating to the Employer Compensation Expense Program (ECEP) that was created as a part of the 2018-19 budget package

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EAlert: Capital Gains Reinvested in Qualified Opportunity Zones

The Tax Cuts and Jobs Act of 2017 created code section 1400Z, which is designed to encourage economic growth and development through private investment in specific low income or rural communities and disaster areas.

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EAlert: IRS Issues Workarounds for SALT Deduction

On December 22, 2017 President Trump signed into law the Tax Cuts and Jobs Act. 

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EAlert: House Republicans Plan Second Tax Bill

The House Ways and Means Committee is planning a "Phase II" tax plan directed at individuals and families to complement the Tax Cuts and Jobs Act.

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EAlert: NYS Enacts Tax Workarounds

On April 12th, Gov. Andrew Cuomo signed into law the New York State budget bill, that among other things, created an employer payroll tax and new charitable contribution funds to offset the impact of the $10,000 federal cap on state and local tax deductions under the Federal Tax Cuts and Jobs Act.

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Tax Alert: IRS Deadline Extension Due to Winter Storms

WASHINGTON — The Internal Revenue Service today granted many businesses affected by severe winter storms additional time to request a six-month extension to file their 2017 federal income tax returns.

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EAlert: Commercial Rent Tax

The New York City council recently enacted Int. No. 799-B, which significantly increased the Commercial Rent Tax (CRT) exemption. 

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EAlert 2017 Tax Reform: What Congress and the President are Considering Now

As reported by Reuters, President Donald Trump and congressional Republicans are now tackling tax reform. Tax staffers are meeting in the House of Representatives and the Senate through the August break to work on legislation that is expected to be unveiled next month.

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Event: Why Commercial Solar Now?

Jeff Cohen, Tax Partner, will be a panelist at this upcoming and informative panel discussion about all the ins and outs of solar and why you need to get on board now! 

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Education

    BS, SUNY New Paltz

Memberships

    American Institute of Certified Public Accountants (AICPA)

    New York State Society of Certified Public Accountants, Nassau Chapter (NYSSCPA)
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