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Clear filters
Regulatory Roundup - August 30-September 6
The Trusted Professional
AICPA Driven by Inflation Concerns, U.S. Business Executives Project Zero Profit Growth for Coming Year, AICPA & CIMA…
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IRS Reveals Accidental Exposure of Confidential Information
The Trusted Professional
The IRS revealed last week that, on Aug. 26, it erroneously posted on its website some confidential information about…
Read More
Quarterly AICPA Economic Outlook Survey Finds CPA Business Leaders Still Pessimistic
The Trusted Professional
Despite the good economic news of late—a declining inflation rate, increased employment and fewer unemployment…
Read More
August Jobs Report May Portend Higher Interest Rates
NextGen
On the heels of positive economic news such as more employment gains and fewer unemployment claims, a monthly jobs report to…
Read More
FASB to Focus Digital Assets Project on Cryptocurrencies and Exclude NFTs
The Trusted Professional
The Financial Accounting Standards Board (FASB) continued its progress toward establishing final rules for digital assets by…
Read More
Digital Assets: A Fad, or Something More?
Income Taxation
Foodies love their fads and crazes: Kobe beef, bluefin tuna sashimi, even the seasonal pumpkin spice latte. But truffles are…
Read More
Taxation of NFTs: The Hottest Digital Assets, Part 2
Estate Taxation
This is the second part of the two-part piece of this article. To read Part 1 of this piece, please click here. IV. CAPITAL…
Read More
IRS Issues Proposed Regulations on Estate Administration Expenses and Claims
Federal Taxation
Proposed Changes to IRC Section 2053 Would Introduce Present Value Concepts for Estate Tax Deductions, Limit “Graegin…
Read More
Groundbreaking NYS Residency Case – Matter of Obus - NYS Files Appeal
State Taxation
A decision was recently handed down from the New York State Court of Appeals Third Judicial Department that was unexpected…
Read More
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