NYCPA News and Blogs

The IRS announced that, since instituting a moratorium on processing new Employee Retention Credit (ERC) claims last…

U.S. Secretary of the Treasury Janet Yellen appeared before the U.S. Senate Committee on Finance on March 21 to discuss the…

The IRS hasn't fully updated its plans to incorporate the tens of billions of dollars in additional funds provided by the…

Determining whether a taxpayer's side hustle qualifies as a business and not just a hobby is an important distinction when…

While the Tax Cuts and Jobs Act (TCJA) of 2017 contained many new provisions affecting individuals and business entities,…

The IRS’s free Direct File pilot program, which is now open round the clock to eligible taxpayers in 12 states, has…

There are six common mistakes that retirees make when preparing their taxes as they seek to minimize their lifetime tax…

The Corporate Transparency Act (CTA) went into effect on Jan. 1 and, as some businesses may turn to their accounting firms…

The corporate alternative minimum tax (CAMT), which took effect in January 2023, has already affected more than a dozen…