NYCPA News and Blogs

In April 2020, the IRS quietly updated Form 14457. Previously called the “Offshore Voluntary Disclosure Letter,” the…

With the recent passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress enacted many tax…

We live in unprecedented times. Many of the tenets we thought we knew at the beginning of March 2020 have now been shattered…

The IRS recently announced its intention to reimpose a practitioner tax identification number (PTIN) user fee for the 2020…

In the wake of the coronavirus (COVID-19) pandemic, charitable organizations around the world have been forced to cancel or…

The IRC imposes various penalties on taxpayers who fail to comply with the obligations it sets forth for them. However,…

Congress first enacted IRC section 1202 in 1993 to encourage investment in specific types of small businesses by providing an…

On Apr. 9, 2020, as a further response to COVID-19, the U.S. Treasury Department and the IRS issued Notice 2020-23, which…

On Sep. 28, 2018, the IRS’s Offshore Voluntary Disclosure Program (OVDP) came to an end; however, offshore tax and…