NYCPA News and Blogs

On Friday, September 30, the Internal Revenue Service (the “Service”) set forth administrative guidance indicating that…

A better, stronger, faster Internal Revenue Service may soon be tracking down more wealthy tax cheats, thanks to the…

In my prior role, I was involved in numerous examinations of financial products and transactions as a Large Business and…

If you owe enough in delinquent American federal taxes, the U.S. government can take your passport. The IRS certifies…

I.    INTRODUCTION   The primary goal of most employers in establishing any type of retirement savings program is to…

Transfers between U.S. Citizen Spouses -— The Marital Deduction U.S. citizens may delay the imposition of either the U.S.…

In 2022, taxpayers have at their disposal a $12,060,000 Basic Exclusion Amount (BEA) for federal gift and estate tax…

Foodies love their fads and crazes: Kobe beef, bluefin tuna sashimi, even the seasonal pumpkin spice latte. But truffles are…

This is the second part of the two-part piece of this article. To read Part 1 of this piece, please click here. IV. CAPITAL…