The Trusted Professional

Subscribe
Archive
Editorial Calendar
Advertise with Us

February 1 , 2007

The Newspaper of the NYSSCPA

Vol. 10, No.2

What's Inside

Letters to the Editor

Congress Postpones Decision on Repeal of 15% IC-DISC

IRA Expert Speaks at Estate Planning Committee Meeting

Members Find Benefits in Long-Distance Committee Participation

NYSSPCA's
Investment Management Committee

Disciplinary Matters

Support COAP with an Annual Dinner Journal Ad

Litigation Services Committee: Investigations, Witnesses, Damages and Fraud

Committees: One of the Many Benefits of NYSSCPA Membership

2007 - 2008 Committee Year

Legislature to Choose New Comptroller

Scholarship Winners


Baruch College student Jose Mendoza (front, left) receives a scholarship presented by James Anchin (front, right) and Jeffrey Rosenthal (not pictured) on behalf of Anchin, Block & Anchin LLP. Baruch College accounting professor Steven Lilien (back, left) accompanied the winners, who also included students Crisphel Crisostomo (back, center) and Thomas Yang.

By Stephanie R. Myers

ALBANY—Former New York State Comptroller Alan Hevesi’s replacement will be selected by the state Legislature from candidates first recommended by a screening panel, New York Governor Eliot Spitzer and legislative leaders announced Jan. 9.
The Comptroller Screening Panel, which will be comprised of three individuals with experience in government and finance, will 1hoose up to five candidates for the Legislature’s consideration.

Continue...

PCAOB Constitutionality Suit Gets Under Way

By Forrest Whitesides

WASHINGTON—A lawsuit challenging the constitutionality of the Public Company Accounting Oversight Board is under way in the U.S. District Court for the District of Columbia. Judge James Robertson is presiding over the case, which began in December 2006.Continue...

Past NYSSCPA President Receives Sempier Award

By Stephanie R. Myers

NEW YORK—Marilyn Pendergast, past president of the NYSSCPA, was recently recognized by the International Federation of Accountants with the prestigious Sempier Award for her role in the international accountancy profession. Continue...

IRS Explains Claims Procedure for Tax Relief and Health Care Act
of 2006

By Mark H. Levin, CPA

As outlined on page 4 of the January 2007 issue of The Trusted Professional, various deductions that were extended through 2007 by the Tax Relief and Health Care Act of 2006 (TRHCA) will not appear on the 2006 Form 1040. Subsequently, the IRS issued IR-2006-195 that explains how to claim these deductions. Continue...

Chapter Newsletters

BROOKLYN

Message from the President

MANHATTAN

Message from the President - Elect

NASSAU

Nassau Chapter Tax Conference Covers All the Bases

QUEENS

The Future of Our Profession

ROCHESTER

On the Tax Front

ROCKLAND