NYCPA News and Blogs

People come to the United States seeking the American Dream. To go from rags to riches. To own your own business and excel in…

  In the estate planning and administration world, the last two years have been driven by political instability. It started…

On August 16, 2022, President Biden signed The Inflation Reduction Act of 2022 (Public Law 117-169) into law. The Inflation…

  Introduction On December 11, 2020, the National Defense Authorization Act for Fiscal Year 2021 (“Defense Act”) was…

It turned out that 2022 was a busy year for New York State and City tax purposes.  Highlights included a large and impactful…

U.S. citizens and residents are subject to a number of IRS reporting requirements regarding assets held outside the U.S.…

Historically and still today, the IRS requires that compensation paid to nonprofit executives be reasonable and not…

The tax timelines for 1031 exchanges and Qualified Opportunity Zones (QOZ) require investments to be made within 180 days of…

On October 7, 2022, the Internal Revenue Service issued Notice 2022-53,[1] which provides much-needed transition relief in…