February 1, 2006
The Newspaper of the NYSSCPA
Vol. 9, No.2

What's Inside

Howard Stern Deal Lands Execs in 'Sirius' Trouble

Tax Season a Perilous Time for CPAs

Guarding Against Excel Spreadsheet Vulnerabilities

Accountants Without Borders

Roslyn Scandal CPA Faces Disciplinary Action

FAE Board Seeks Candidates

E-filing Now Required for Some NY Preparers

FAE International Taxation Conference

Peter Guang Chen, partner at Deloitte Tax LLP, outlines and explains the hottest issues in Chinese tax laws to attendees of the Foundation for Accounting Education’s International Taxation Conference, held Jan. 12 at the FAE Conference Center in Manhattan.

By Forrest Whitesides

NEW YORK—Effective Jan. 1, any tax practitioner who uses tax preparation software and had prepared more than 200 New York state personal income tax returns for the previous tax year, 2004, will be required to file all clients’ returns for the past fiscal year electronically.

According to NYS Commissioner of Taxation and Finance Andrew S. Eristoff, the e-file system allows for more accurate returns, faster refunds and a completely painless experience, with proof of acceptance within 48 hours of filing.

Continue...

New York Issues New Tax Forms

By Stephanie R. Myers

ALBANY—The New York State Department of Taxation and Finance announced a major redesign of resident and nonresident personal income tax forms that will allow almost half of New York’s 8.8 million filers to use a new short form. Continue...

Nominating Committee Results for 2006 - 2007 Officers and Directors

By Raymond M. Nowicki

NEW YORK—The 2005–2006 New York State Society of CPAs’ Nominating Committee, chaired by Steven C. Baum, has announced its nominees for Society officers and incoming Board members for the 2006–2007 term, which begins June 1, 2006. Continue...

IRS Changes Language on Schedule D Instructions

By William Lalli, Tax Policy Manager

The IRS recently changed the language of the instructions for preparation of Schedule D of Form 1040 to explicitly disallow preparers from using “see attached” instead of entering all capital asset transactions individually. The new language also specifies that summary totals of transactions, including the sale of stocks, bonds or real estate, will no longer be accepted. Continue...

Chapter Newsletters

BROOKLYN
Message from the President
FINGER LAKES
Message from the President
MID HUDSON
Message from the President
NASSAU

The Joy of Giving

NORTHEAST
Message from the President
ROCKLAND
Message from the President
STATEN ISLAND
Message from the President
SUFFOLK
Message from the President
SYRACUSE

Message from the President


 


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