Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

Latest Articles

  • Two Supreme Court Rulings Limit Power of Regulatory Agencies, Including SEC

    By:
    Ruth Singleton
    |
    Jul 1, 2024
    Two rulings issued last week by the U.S. Supreme Court will limit the power of regulatory agencies to enforce and interpret financial and other statutes. In one case, involving the Securities and Exchange Commission (SEC), the high court ruled that administrative tribunals can no longer hear enforcement actions. In the other, it held that federal courts will no longer be obligated defer to reasonable interpretations of law by federal agencies under what has come to be known as the Chevron doctrine.
  • Regulatory Roundup: June 25-July 1

    By:
    Ruth Singleton
    |
    Jul 1, 2024

     With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.

  • IRS Makes Limited Settlement Offers to Syndicated Conservation Easements Participants

    By:
    S.J. Steinhardt
    |
    Jun 28, 2024
    The IRS has offered a time-limited settlement deal to certain taxpayers who participated in Syndicated Conservation Easements (SCE) and substantially similar transactions that are being audited by its Large Business & International and Small Business and Self-Employed divisions.
  • FASB Approves Rule Requiring Disclosure of Employee Compensation, and More, in Financial Statements

    By:
    S.J. Steinhardt
    |
    Jun 27, 2024
    The Financial Accounting Standards Board (FASB) voted unanimously to mandate quarterly disclosure of more details in the footnotes of public company financial statements, with the intention of giving investors more insight into companies’ operations. Those details would include breaking out employee compensation, depreciation of property and equipment, amortization of intangible assets such as trademarks, and inventory purchases in the footnotes of income statements.
  • IRS Advisory Panel Recommends Regulating Noncredentialed Tax Preparers

    By:
    S.J. Steinhardt
    |
    Jun 27, 2024
    The IRS’s Electronic Tax Administration Advisory Committee (ETAAC) released its annual report, making three recommendations to Congress and nine others to the IRS.
  • In New Report, National Taxpayer Advocate Highlights Both Improvements at IRS and Continuing Delays

    By:
    S.J. Steinhardt
    |
    Jun 26, 2024
    National Taxpayer Advocate Erin Collins’s mid-year report to Congress states that the recent filing season generally ran smoothly this year, but it also identifies continuing delays and urges the IRS to make better service a priority.
  • IRS Settles With Citadel CEO Over Leaked Tax Records and Issues Apology

    By:
    S.J. Steinhardt
    |
    Jun 26, 2024
    The IRS has settled with the billionaire founder of hedge fund Citadel for failing to protect his tax information from being leaked to the media.
  • TIGTA: IRS Has Spent 10% of Its Inflation Reduction Act Funding

    By:
    S.J. Steinhardt
    |
    Jun 25, 2024
    As of March 31, the IRS had spent $5.7 billion, or 10 percent, of the $57.8 billion it will receive from the Inflation Reduction Act , the Treasury Inspector General for Tax Administration (TIGTA) reported.
  • Members of Congress Propose Windfall Tax on Excess Profits

    By:
    S.J. Steinhardt
    |
    Jun 25, 2024
    Citing “record-breaking profits and record-breaking corporate profits and unprecedented corporate greed,” Sen. Bernie Sanders (I-Vt.) and two other legislators have introduced legislation to impose a 95 percent windfall tax on excess profits.
  • IRS Drafts Revised Research Credit Form

    By:
    S.J. Steinhardt
    |
    Jun 24, 2024
    The IRS has released a draft version of a revised Form 6765, Credit for Increasing Research Activities, days after the agency relaxed some of the documentation requirements for claiming the tax credit