NYCPA News and Blogs

The IRS's free tax preparation system, Direct File, has passed its internal testing and will soon be available to taxpayers…

The private placement life insurance (PPLI) industry is a $40 billion “tax dodge” for the ultra-wealthy, a report by the…

The IR plans to begin dozens of audits of business aircraft involving personal use, the agency announced, as it steps up…

The Public Company Accounting Oversight Board (PCAOB) announced settled disciplinary orders that sanction four audit firms…

As the IRS investigates bogus claims for the Employee Retention Credit (ERC), its Criminal Investigation unit (IRS CI) will…

A coalition of financial groups has requested modifications to the Securities and Exchange Commission (SEC')s Staff…

As Congress considers a budget bill that would enhance the child tax credit for millions of lower-income families, IRS…

AICPA AICPA to Congress: “The [BOI] rule should be suspended” Feb 16, 2024 AICPA Recommends Foreign-Owned U.S.…

Cutting the budget of the IRS would result in an increase in the federal deficit, Commissioner Daniel Werfel told a…