NYCPA News and Blogs

Every four years in America, an unusual event occurs. It takes place on the Wednesday following the first Monday in November.…

What is look-back? Look-back is essentially a re-visit under the premise of: If I would have known then what I know now, how…

This is a two-part piece. The first piece was featured in the February TaxStringer.   C. Offers in Compromise The OIC…

During October 2021, New York State (NYS) passed legislation that made participation in the NYS Secure Choice Savings Program…

Complex annual U.S. federal information reporting requirements apply to U.S. citizens and resident aliens who own foreign…

Introduction Form 7203 places renewed emphasis on the proper calculation and reporting of S corporation open account debt.…

  This is a two-part piece. The second piece will be featured in the March TaxStringer.   During the early days of the…

The U.S. imposes an Expatriation Tax on U.S. citizens who abandon citizenship and on or long-term U.S. residents…

In response to the COVID-19 pandemic, both federal and state legislatures passed a series of legislation to inject funding…