NYCPA News and Blogs

On Dec. 20, 2024, the Treasury Department and the IRS released proposed regulations (REG-116610-20) to update Circular 230,…

The Inflation Reduction Act, enacted in 2022, provides a groundbreaking framework for advancing clean energy initiatives…

Many Americans faced overreaching tax changes with the Tax Cuts and Jobs Act of 2017. Taxpayers’ attention went to items…

One of the most common concerns clients have about transferring a home that is subject to a mortgage to an inter vivos trust…

State tax considerations often get short shrift when planning for the sale of a business or investment held in a…

2024 was yet another busy year for New York taxes. The Budget was, once again, full of new and interesting tax provisions,…

Certified public accountants and other financial professionals excel at deciphering complex financial matters, especially…

In Loper Bright Enterprises et al. v. Raimundo, 544 F. Supp. 3d 82, 103-04 (2021), the U.S. Supreme Court overturned the…

This article is the third in a three-part series on succession planning. In Part I of the series, we discussed the legal…