NYCPA News and Blogs

During the administration of a decedent’s estate, an executor performs four basic functions: identifies and collects the…

The Taxpayer First Act (TFA), signed into law on July 1, 2019, established the new IRS Independent Office of Appeals. While…

On May 7, 2019, the IRS and the U.S. Treasury department released Proposed Regulations under IRC section 1446(f) that…

Over the past few years, the IRS has been slowly issuing guidance and warnings regarding the reporting and taxation of the…

Carried interest arrangements have been common for years in many types of private investment funds (“Funds”), including…

Cannabis is an industry that is of great interest to CPAs, finance professionals, investors, and the public at large. While…

Since the inception of cryptocurrency in 2009, the very concept of currency has been challenged and debated. This article…

The IRS audit process is rife with procedural rules to ensure taxpayers are notified before action is taken against them and…

According to the IRS 26 C.F.R. § 1.6109-2(d), “Beginning after December 31, 2010, all tax return preparers must have a…