NYCPA News and Blogs

The Treasury Department and the IRS have issued preliminary guidance regarding the tax treatment of nonfungible tokens…

The Organization for Economic Cooperation and Development (OECD) continues to move ahead with its plans to implement the…

The IRS has posted frequently asked questions (FAQs) related to certain medical expenses under Section 213 of the Internal…

Tax planning has always had its challenges, but those challenges are exacerbated by the polarized climate in Washington,…

The IRS failed to create an online system for processing electronic business transcript requests by January 2023, a key…

The IRS has revised its guidance on foreign income reporting requirements for people fleeing conflict and other “adverse…

Audits are not personal, the IRS emphasizes. They are random—but there are certain inconsistencies in a tax return that…

President Joe Biden’s proposed $6.8 trillion budget for fiscal year 2024 contains an end to tax breaks for private equity…

The U.S. Senate has confirmed Daniel Werfel as the next IRS commissioner, The Washington Post and several other news outlets…