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Bank Collapse Prompts Another Look at Fair-Value Accounting for Securities
Accounting
The collapse of Silicon Valley Bank has prompted members of the banking and investment communities to reconsider accounting…
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OECD Continues Transition to Global Minimum Tax Compliance
Taxation
The Organization for Economic Cooperation and Development (OECD) continues to move ahead with its plans to implement the…
Read More
Represent New York State on the AICPA Council: A Call for Statements of Interest
The Trusted Professional
In October 2023, the NYSSCPA Board of Directors will submit the names of four individuals to the AICPA’s Nominations…
Read More
IRS Posts FAQs About Medical Expenses
Taxation
The IRS has posted frequently asked questions (FAQs) related to certain medical expenses under Section 213 of the Internal…
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Regulatory Roundup: March 14-20
Regulatory Roundup
AICPA MNCPA legislative proposal negatively impacts CPA mobilityMarch 19, 2023 AICPA Financial Reporting Executive Committee…
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'Crypto' Attempts an Image Makeover—Again
Trusted Professional
The recent bad news affecting digital assets has prompted the industry to try to rebrand itself, The New York Times…
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Supreme Court: Penalty for Foreign Account Violations Accrues Per Report, Not Per Account
Trusted Professional
The U.S. Supreme Court’s decision inBittner v. U.S. settled confusion among practitioners and taxpayers regarding…
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Tax Planners to Clients: Wait and See What Congress Does (or Doesn’t Do)
Taxation
Tax planning has always had its challenges, but those challenges are exacerbated by the polarized climate in Washington,…
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TIGTA: IRS Missed Electronic Processing Deadline
Taxation
The IRS failed to create an online system for processing electronic business transcript requests by January 2023, a key…
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