NYCPA News and Blogs

Many tax and accounting firms face a busier reporting season due to new Form 1099 reporting rules, CPA Practice Advisor…

The IRS has revised and updated its frequently asked questions (FAQs) for Form 1099-K, which reports on payments received…

The $80 billion allocated to the IRS by the Inflation Reduction Act (IRA), if fully appropriated, would yield a significant…

Legislation that would increase, for the current tax-filing year, the $10,000 cap on the state and local tax (SALT)…

Thirteen Republican state attorneys general have sent a letter demanding that Treasury Secretary Janet Yellen halt the…

The U.S. House of Representatives voted overwhelmingly in favor of tax legislation that would enhance the child tax credit…

In her 2023 Annual Report to Congress., National Taxpayer Advocate Erin Collins said that the IRS has made great strides in…

The IRS has lifted a moratorium on processing applications to become an acceptance agent, for the purpose of helping…

As gambling becomes more popular, accounting and tax professionals need to be prepared to work with clients who must report…