Latest Articles

  • IRS e-File Services to Be Down for Maintenance

    By:
    Chris Gaetano
    |
    Jul 19, 2017
    If you need to file something with the IRS, be sure not to do it on either July 22 or after Aug. 5, because people will not be able to use e-File on those dates due to maintenance. 
  • NYSE Head Urges Rollback of SOX Provisions

    By:
    Chris Gaetano
    |
    Jul 19, 2017
    The head of the New York Stock Exchange, alongside other prominent Wall Street officials, urged Congress to ease up on the many mandatory reporting requirements public companies face, such as the internal control rule implemented as part of the Sarbanes-Oxley Act. 
  • Martin Shkreli's Accountant Describes Working for Client from Hell

    By:
    Chris Gaetano
    |
    Jul 18, 2017
    Controversial pharmaceutical executive Martin Shkreli, known for a number of wildly unpopular acts such as dramatically raising the price of a life-saving medication, was also a terrible client, according to court testimony from his former accountant. 

  • Proposed Bill Would Let Same-Sex Couples File Amended Returns for Years They Couldn't Jointly File

    By:
    Chris Gaetano
    |
    Jul 18, 2017
    Democrats in both the House and Senate have proposed a bill that, if passed, would allow same-sex couples to file amended returns for the years that the federal government did not recognize their union and forced them to file individually instead. 
  • Regulatory Roundup: July 12-18

    By:
    Chris Gaetano
    |
    Jul 18, 2017
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.
  • Bill Would Make Hearings Before IRS Office of Appeals a Taxpayer Right

    By:
    Chris Gaetano
    |
    Jul 17, 2017
    A bi-partisan bill introduced in the House, if passed, would make having a hearing before the IRS Office of Appeals a right available to virtually all taxpayers.
  • TIGTA: IRS Must Keep Better Track of Its Records

    By:
    Chris Gaetano
    |
    Jul 17, 2017
    The Treasury Inspector General for Tax Administration (TIGTA) said in a recent report that that IRS policies do not comply with federal record retention requirements, which has resulted in some documents being lost or destroyed when they should have been archived for future use. 
  • Study: People Four Times More Likely to Default on Loans if Parents Also Defaulted

    By:
    Chris Gaetano
    |
    Jul 14, 2017
    A recent study from Denmark says that those with parents who've previously defaulted on loans are four times more likely to, themselves, default on a loan, at least compared to those raised by more scrupulous borrowers. 
  • U.S. Consumer Debt at Record High

    By:
    Chris Gaetano
    |
    Jul 14, 2017
    People across the country have been breaking out the credit cards more eagerly than before, as recent data has found that Americans collectively now have credit card debt totaling $1 trillion, with household debt now the highest its ever been at $12.73 trillion. 
  • Senators Ask FTC to Review IRS Private Debt Collectors

    By:
    Chris Gaetano
    |
    Jul 13, 2017
    Four U.S. Senators have requested that the Federal Trade Commission review whether the four private debt collection firms hired by the IRS to contact holders of delinquent tax liabilities are in compliance with the Fair Debt Collection Practices Act.