The IRS has just sent notice that its Taxpayer Assistance Centers and offices located in the five boroughs of New York City and Nassau, Suffolk, Westchester and Rockland counties, will be closed Wednesday, Feb.10 due to an expected snow storm.

A CPA in Houston has been suspended for a year from practice before the IRS by the Office of Professional Responsibility for providing false or misleading information in connection with the preparation of his clients’ tax returns.

The AICPA is seeking nominations for CPAs interested in sitting on one of four panels that will re-examine the passing score of the new Uniform CPA Examination, CBT-e, which launches on Jan. 1, 2011.

The State Education Department's Office of the Professions -- that's the office in charge of licensing and disciplining the 48 New York state professions, including accountancy -- now has a Facebook page (NYS Professions).

While the Securities and Exchange Commission (SEC) may have settled its feud with Bank of America, New York Attorney General Andrew Cuomo has continued his assault by charging the megabank with fraud over its alleged role in the financia

NYSSCPA member Ginger Broderick, who serves on the Society's Estate Planning Committee, was interviewed in a NY1 "Money Matters" segment about a new IRS rule that will allow a 2009 tax deduction for monetary donations to qualified Haitian relief organizations.

The Financial Accounting Standards Board (FASB) is looking for members for its new Not-for-Profit Advisory Committee, created by the agency in October 2009 to "provide focused input and feedback to the FASB board and staff on existing guidance, current and proposed technical agenda projects, and longer-term issues." The group will also assist the FASB in its communication and outreach activities to the not-for-profit sector.

The FASB's appeal for committee nominations was noted at the Feb. 3 meeting of the NYSSCPA's Not-for-Profit Organizations Committee.

Specifically, the FASB is looking for three or four candidates "that are senior members, preferably senior partners, from public accounting firms, both large and small, that audit not-for-profit organizations."

New York State Comptroller Thomas P. DiNapoli today cautioned that the state has a significantly larger current year deficit than projected by the governor. In a report, DiNapoli said that while the governor for the most part avoided gimmicks in his executive budget proposal, the proposed budget relies on unrealistic revenue projections and other questionable proposals given today’s economic realities.

Ben S. Bernanke was sworn in Wednesday to a second four-year term as chairman of the central bank in a quiet ceremony that the New York Times notes had "none of the pomp and praise of four years ago."

Fifteen months after Fannie and Freddie were effectively nationalized, the Obama administration still hasn't yet begun charting a promised new course for the two government-sponsored enterprises. The companies already have consumed over $112 billion of taxpayer dollars.