NYCPA News and Blogs

By Akshay Shrimanker, CPA At a recent NYCPA C Corporations Committee meeting,  a timely question sparked a lively…

By Anthony J. Enea, Esq. The decision to transfer one’s home raises a number of significant and complex issues and concerns…

By Kevin Matz, CPA, JD, LLM On Jun. 29, 2026, the IRS released Rev. Proc. 2026-25, which provides a transfer tax safe harbor…

More than 10 years since its enactment, both taxpayers and the IRS are still learning the ins and outs of the Centralized…

Why This Matters Now With the One Big Beautiful Bill Act (OBBBA) came IRC section 174A, restoring current deductibility…

Section 1031 of the Internal Revenue Code of 1986 generally provides that no gain or loss is recognized when property held…

  US Estate and Gift Tax on US Citizens and Domiciliaries The US estate and gift tax is imposed on lifetime gifts and the…

While the IRS Form 990, “Return of Organization Exempt from Income Tax,” is often viewed as a routine compliance…

Few provisions of the Internal Revenue Code (the "Code") are as generous as the rules under section 1202 governing "qualified…