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                        <id>https://nysscpa.org/news/feed</id>
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                                <title><![CDATA[News]]></title>
                    
                                <subtitle></subtitle>
                                                    <updated>2026-08-31T11:29:11-04:00</updated>
                        <entry>
            <title><![CDATA[New York State Society of CPAs Host 2026 Excellence in Financial Journalism Awards]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8739186-new-york-state-society-of-cpas-host-2026-excellence-in-financial-journalism-awards-2026-08-31" />
            <id>https://nysscpa.org/news/8739186-new-york-state-society-of-cpas-host-2026-excellence-in-financial-journalism-awards-2026-08-31</id>
            <author>
                <name><![CDATA[]]></name>
            </author>
            <summary type="html">
                <![CDATA[For immediate release:Wednesday, August 12th 2026Contact: Sorena Fabre ShawMedia &amp; Government Relations Associate DirectorE: Sfabre@nysscpa.org | T: 212.719.8392 New York State Society of CPAs…]]>
            </summary>
                                    <category term="Press Releases" />
                        <updated>2026-08-31T11:29:11-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[New York State Society of CPAs Elects 2026–2027 Board of Directors]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8739183-new-york-state-society-of-cpas-elects-2026-2027-board-of-directors-2026-08-31" />
            <id>https://nysscpa.org/news/8739183-new-york-state-society-of-cpas-elects-2026-2027-board-of-directors-2026-08-31</id>
            <author>
                <name><![CDATA[]]></name>
            </author>
            <summary type="html">
                <![CDATA[For immediate release:Contact: Sorena Fabre ShawMedia &amp; Government Relations Associate DirectorE: Sfabre@nysscpa.org | T: 212.719.8392 New York State Society of CPAs Elects 2026–2027 Board of…]]>
            </summary>
                                    <category term="Press Releases" />
                        <updated>2026-08-31T11:21:53-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[NYCPA Joins IRS Leadership for Tax Administration Discussion]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8737451-nycpa-joins-irs-leadership-for-tax-administration-discussion-2026-08-27" />
            <id>https://nysscpa.org/news/8737451-nycpa-joins-irs-leadership-for-tax-administration-discussion-2026-08-27</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[Last week, Frank J. Bisignano, chief executive officer of the IRS, held a meeting with tax professionals in the New York area at the IRS Nationwide Tax Forum in New York City, among them Orumé Hays,…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-08-27T12:23:30-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Hillary Salo Appointed Next FASB Chair]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8731984-hillary-salo-appointed-next-fasb-chair-2026-08-19" />
            <id>https://nysscpa.org/news/8731984-hillary-salo-appointed-next-fasb-chair-2026-08-19</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[According to Accounting Today, the Financial Accounting Foundation (FAF) has appointed Hillary Salo to be the next chair of the Financial Accounting Standards Board (FASB), taking over from the…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-08-20T12:47:58-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[SEC Proposes Exemptions from Registration and a Safe Harbor for Crypto Assets]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8731868-sec-proposes-exemptions-from-registration-and-a-safe-harbor-for-crypto-assets-2026-08-19" />
            <id>https://nysscpa.org/news/8731868-sec-proposes-exemptions-from-registration-and-a-safe-harbor-for-crypto-assets-2026-08-19</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[The Securities and Exchange Commission (SEC) has suggested new rules designed to make it clearer how the federal securities laws are to be applied to crypto assets while at the same time lowering the…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-08-20T10:59:08-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Trump Appeals Sanctions in $10 Billion IRS Lawsuit]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8727764-trump-appeals-sanctions-in-10-billion-irs-lawsuit-2026-08-13" />
            <id>https://nysscpa.org/news/8727764-trump-appeals-sanctions-in-10-billion-irs-lawsuit-2026-08-13</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[President Donald Trump has asked a federal appeals court to temporarily halt sanctions imposed against him and his attorneys over their handling of his $10 billion lawsuit against the IRS while he…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-08-13T16:08:44-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[IRS Proposes Standardized Process for Retirement Plan Rollovers]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8727704-irs-proposes-standardized-process-for-retirement-plan-rollovers-2026-08-13" />
            <id>https://nysscpa.org/news/8727704-irs-proposes-standardized-process-for-retirement-plan-rollovers-2026-08-13</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[According to the Journal of Accountancy, the IRS has issued new guidance aimed at simplifying and standardizing the process for rolling over assets between retirement plans and individual retirement…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-08-13T15:26:52-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Accounting Career Satisfaction is Increasing As Workplace Priorities Shift]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8725457-accounting-career-satisfaction-is-increasing-as-workplace-priorities-shift-2026-08-10" />
            <id>https://nysscpa.org/news/8725457-accounting-career-satisfaction-is-increasing-as-workplace-priorities-shift-2026-08-10</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[Accounting Today reports that early results from the third annual CPA Career Satisfaction Survey show a small rise in the number of accountants who are happy with their careers. This year, 54% said…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-08-11T13:05:41-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[IRS Expands AI-Driven Enforcement While Adding New Taxpayer Relief]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8725456-irs-expands-ai-driven-enforcement-while-adding-new-taxpayer-relief-2026-08-10" />
            <id>https://nysscpa.org/news/8725456-irs-expands-ai-driven-enforcement-while-adding-new-taxpayer-relief-2026-08-10</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[The IRS is expanding its use of artificial intelligence (AI) and data analytics across enforcement and taxpayer service, while also rolling out new tools designed to resolve disputes and provide…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-08-11T13:04:11-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Does Vibe Coding qualify for the R&D Tax Credit?]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8712476-does-vibe-coding-qualify-for-the-rd-tax-credit-2026-07-28" />
            <id>https://nysscpa.org/news/8712476-does-vibe-coding-qualify-for-the-rd-tax-credit-2026-07-28</id>
            <author>
                <name><![CDATA[]]></name>
            </author>
            <summary type="html">
                <![CDATA[By Akshay Shrimanker, CPA At a recent NYCPA C Corporations Committee meeting,  a timely question sparked a lively discussion: does “vibe coding” qualify for the federal R&amp;D tax credit? The…]]>
            </summary>
                                    <category term="Tax Stringer" />
                        <category term="Federal Taxation" />
                        <updated>2026-07-28T08:16:11-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[The Decision to Transfer One’s Residence Requires the Consideration of Many Tax and Medicaid Eligibility Factors]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8712472-the-decision-to-transfer-ones-residence-requires-the-consideration-of-many-tax-and-medicaid-eligibility-factors-2026-07-28" />
            <id>https://nysscpa.org/news/8712472-the-decision-to-transfer-ones-residence-requires-the-consideration-of-many-tax-and-medicaid-eligibility-factors-2026-07-28</id>
            <author>
                <name><![CDATA[]]></name>
            </author>
            <summary type="html">
                <![CDATA[By Anthony J. Enea, Esq. The decision to transfer one’s home raises a number of significant and complex issues and concerns for both the attorney and client, for example: virtually every transfer…]]>
            </summary>
                                    <category term="Federal Taxation" />
                        <category term="Tax Stringer" />
                        <updated>2026-07-28T08:15:57-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Special Needs Trusts: Tax and Planning Considerations for CPAs]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8712466-special-needs-trusts-tax-and-planning-considerations-for-cpas-2026-07-28" />
            <id>https://nysscpa.org/news/8712466-special-needs-trusts-tax-and-planning-considerations-for-cpas-2026-07-28</id>
            <author>
                <name><![CDATA[]]></name>
            </author>
            <summary type="html">
                <![CDATA[By Joel Krooks, Esq., JD Certified public accountants are often among the first advisors to learn that a client’s family member has a disability, has received a personal injury settlement, or is…]]>
            </summary>
                                    <category term="Tax Stringer" />
                        <category term="Estate Taxation" />
                        <updated>2026-08-04T10:15:27-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[IRS Issues Transfer Tax Safe Harbor on Contributions to Trump Accounts that Treats Different Taxpayers Differently]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8712459-irs-issues-transfer-tax-safe-harbor-on-contributions-to-trump-accounts-that-treats-different-taxpayers-differently-2026-07-28" />
            <id>https://nysscpa.org/news/8712459-irs-issues-transfer-tax-safe-harbor-on-contributions-to-trump-accounts-that-treats-different-taxpayers-differently-2026-07-28</id>
            <author>
                <name><![CDATA[]]></name>
            </author>
            <summary type="html">
                <![CDATA[By Kevin Matz, CPA, JD, LLM On Jun. 29, 2026, the IRS released Rev. Proc. 2026-25, which provides a transfer tax safe harbor for certain—but not all—contributions to Trump accounts. Where the safe…]]>
            </summary>
                                    <category term="Tax Stringer" />
                        <category term="Federal Taxation" />
                        <updated>2026-07-28T08:14:38-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Former NYCPA Suffolk Chapter President Thomas Novak Passes Away]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8705543-former-nycpa-suffolk-chapter-president-thomas-novak-passes-away-2026-07-17" />
            <id>https://nysscpa.org/news/8705543-former-nycpa-suffolk-chapter-president-thomas-novak-passes-away-2026-07-17</id>
            <author>
                <name><![CDATA[]]></name>
            </author>
            <summary type="html">
                <![CDATA[ Former New York State Society of CPAs Suffolk Chapter President Thomas J. Novak passed away on July 8, 2026. A member of the Society for more than 40 years, Thomas served as president of the…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-07-23T13:11:55-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[New PCAOB Ethics Standard Could Change Auditor Malpractice Cases]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8694178-new-pcaob-ethics-standard-could-change-auditor-malpractice-cases-2026-07-01" />
            <id>https://nysscpa.org/news/8694178-new-pcaob-ethics-standard-could-change-auditor-malpractice-cases-2026-07-01</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[A new ethics standard from the PCAOB could have a major effect on auditor malpractice lawsuits when it takes effect on December 15, 2026.  According to Reuters, the new rule, EI 1000, Integrity and…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Ethics" />
                        <category term="Auditing" />
                        <updated>2026-07-02T15:53:58-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[New York’s Pied-à-Terre Tax Takes Effect With Few Paths Around It]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/8694171-new-yorks-pied-a-terre-tax-takes-effect-with-few-paths-around-it-2026-07-01" />
            <id>https://nysscpa.org/news/8694171-new-yorks-pied-a-terre-tax-takes-effect-with-few-paths-around-it-2026-07-01</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[Accounting Today reports that New York City’s new pied-à-terre tax takes effect July 1, bringing an annual surcharge on qualifying second homes and leaving many high-end property owners with…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Accounting" />
                        <updated>2026-07-02T15:50:15-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Former NYCPA President Michael Borsuk Passes Away]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7296979-former-nycpa-president-michael-borsuk-passes-away-2026-07-01" />
            <id>https://nysscpa.org/news/7296979-former-nycpa-president-michael-borsuk-passes-away-2026-07-01</id>
            <author>
                <name><![CDATA[]]></name>
            </author>
            <summary type="html">
                <![CDATA[ Dear NYCPA members,   I’m saddened to share that former New York State Society of CPAs President Michael Borsuk passed away in June. A member of the Society for more than 60 years,…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <updated>2026-07-01T13:59:23-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[IRS Provides Gift Tax Safe Harbor for Trump Account Contributions]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7295431-irs-provides-gift-tax-safe-harbor-for-trump-account-contributions-2026-06-30" />
            <id>https://nysscpa.org/news/7295431-irs-provides-gift-tax-safe-harbor-for-trump-account-contributions-2026-06-30</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[The IRS has issued new guidance intended to simplify gift tax reporting for individuals who contribute to Trump accounts, a new type of individual retirement account created for eligible children…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Taxation" />
                        <updated>2026-06-30T15:47:42-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Senators Debate Tax Changes as Social Security Faces 2032 Funding Deadline]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7295425-senators-debate-tax-changes-as-social-security-faces-2032-funding-deadline-2026-06-30" />
            <id>https://nysscpa.org/news/7295425-senators-debate-tax-changes-as-social-security-faces-2032-funding-deadline-2026-06-30</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[Reuters reports that lawmakers on the Senate Finance Subcommittee on Social Security, Pensions, and Family Policy debated competing approaches to strengthening Social Security during a June 24…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Taxation" />
                        <updated>2026-06-30T15:41:01-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[IRS Criminal Investigation Returns Focus to Tax Fraud as AI Expands Enforcement Capabilities]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7294324-irs-criminal-investigation-returns-focus-to-tax-fraud-as-ai-expands-enforcement-capabilities-2026-06-29" />
            <id>https://nysscpa.org/news/7294324-irs-criminal-investigation-returns-focus-to-tax-fraud-as-ai-expands-enforcement-capabilities-2026-06-29</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[Accounting Today reports that the IRS Criminal Investigation (IRS-CI) is returning its attention to tax and financial fraud after a year in which many of its resources were redirected to…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Advocacy" />
                        <category term="Ethics" />
                        <updated>2026-06-29T14:26:09-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Global Sustainability Reporting Becomes More Consistent, Though Challenges Persist]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7294323-global-sustainability-reporting-becomes-more-consistent-though-challenges-persist-2026-06-29" />
            <id>https://nysscpa.org/news/7294323-global-sustainability-reporting-becomes-more-consistent-though-challenges-persist-2026-06-29</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[Global sustainability reporting continues to move toward greater consistency and standardization, but regulatory uncertainty and shifting political priorities remain obstacles, according to a new…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Advocacy" />
                        <updated>2026-06-29T14:24:01-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[IRS Chatbots Under Scrutiny After Audit Finds Accuracy and Oversight Concerns]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7290825-irs-chatbots-under-scrutiny-after-audit-finds-accuracy-and-oversight-concerns-2026-06-24" />
            <id>https://nysscpa.org/news/7290825-irs-chatbots-under-scrutiny-after-audit-finds-accuracy-and-oversight-concerns-2026-06-24</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[A new report from the Treasury Inspector General for Tax Administration (TIGTA) is raising concerns about the accuracy and oversight of the IRS’s chatbot and live chat programs, warning that…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Accounting" />
                        <updated>2026-06-24T14:43:31-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Corporate Tax Leaders Weigh AI, Tax Policy, and Talent Challenges]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7290822-corporate-tax-leaders-weigh-ai-tax-policy-and-talent-challenges-2026-06-24" />
            <id>https://nysscpa.org/news/7290822-corporate-tax-leaders-weigh-ai-tax-policy-and-talent-challenges-2026-06-24</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[During CFO.com’s recent virtual event, Navigating the Corporate Tax Frontier, tax and finance leaders talked about the future of corporate taxation. They focused on how AI is changing the…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Advocacy" />
                        <category term="Corporate Taxation" />
                        <updated>2026-06-24T14:44:01-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[Sanders Proposes AI Equity Tax to Fund Payments for Americans]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7289872-sanders-proposes-ai-equity-tax-to-fund-payments-for-americans-2026-06-23" />
            <id>https://nysscpa.org/news/7289872-sanders-proposes-ai-equity-tax-to-fund-payments-for-americans-2026-06-23</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[Sen. Bernie Sanders has introduced legislation that would impose a one-time tax on certain AI companies, requiring them to transfer equity equal to 50% of their outstanding ownership interests to…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Taxation" />
                        <updated>2026-06-23T15:37:42-04:00</updated>
        </entry>
            <entry>
            <title><![CDATA[State Retirement Mandates Create New Compliance Challenges for Small Businesses]]></title>
            <link rel="alternate" href="https://nysscpa.org/news/7289854-state-retirement-mandates-create-new-compliance-challenges-for-small-businesses-2026-06-23" />
            <id>https://nysscpa.org/news/7289854-state-retirement-mandates-create-new-compliance-challenges-for-small-businesses-2026-06-23</id>
            <author>
                <name><![CDATA[Emma Slack-Jorgensen]]></name>
                <email><![CDATA[eslackjorgensen@nysscpa.org]]></email>

            </author>
            <summary type="html">
                <![CDATA[With more states requiring retirement savings programs, Accounting Today reports that small business owners now have new rules to follow, and ignoring these requirements could lead to serious…]]>
            </summary>
                                    <category term="The Trusted Professional" />
                        <category term="Accounting" />
                        <updated>2026-06-23T15:34:06-04:00</updated>
        </entry>
    </feed>
