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Emma Slack-Jorgensen
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Regulatory Roundup: May 31-June 5
Regulatory Roundup
CBO Cost EstimateH.R. 288, Separation of Powers Restoration Act of 2023June 5, 2023As ordered reported by the House Committee…
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New York CPAs Elect Liren Wei as President of State Society
Press Releases
For Immediate Release Contact Person: Jovan C. Richards, Media & Government Relations Manager E: JRichards@nysscpa.org |…
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Deal Suspending Debt Ceiling—and Cutting Some IRS Funding—Signed into Law
Taxation
President Joe Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday, allowing for a two-year suspension of…
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Companies' Use of Accounting Maneuvers to Report Higher Earnings Comes Under Scrutiny
Accounting
Many companies are managing their earnings—using the flexibility in accounting rules to improve reported earnings per…
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Making the Most Productive Use of Work Breaks
NextGen
Taking breaks effectively during the workday can increase both well-being and performance, two researchers wrote in the…
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Libor Sunsets in a Month, and Companies Urged to Switch
Trusted Professional
The phaseout of the London interbank offered rate (Libor) will be complete at the end of the month, but some companies have…
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990-PF: Part VI-A Statements Regarding Activities and Part VI-B Statements Regarding Activities for Which Form 4720 May Be Required
Income Taxation
Introduction The 990-PF (PF) is an old document that has not had a recent overhaul. A minor change was made to the form to…
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The Inheritance Tax under IRC §2801
Estate Taxation
The Heart Act added a new federal Inheritance Tax on certain lifetime and testamentary dispositions to U.S. recipients,…
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U.S. Charitable Organizations: Considerations for International Activities and Operations
Income Taxation
With expanded exposure to international issues and needs, U.S. charitable organizations continue to look for ways to expand…
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