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February 15 , 2007

The Newspaper of the NYSSCPA

Vol. 10, No.3

What's Inside

Nominating Slate-Official 2007-2008 Nominating Committee Report

Complexity of AMT Targeted by Society’s SET Proposal

AMT Heads National Taxpayer Advocate’s List of Concerns

FAE Taxation Conference Features Financial Products, Tax Treatments

NYSSCPA Presents Webinar on New Age Foundations

Educating Clients During Tax Season

Frequent Tax Claims Against CPAs

IRS, Hollywood Foreign Press Reach Agreement on Swag Bags

Common Estate Planning Errors and How to Avoid Them

Equivalency, Experience Top Agenda at State Board Meeting


Michael J. Clooney gives a presentation on leagal updates Jan. 17 at the Foundation for Accounting Education's 29th Annual Nonprofit Conference, in Manhattan.

By Forrest Whitesides

NEW YORK—Substantial equivalency and professional experience requirements for licensure were the two main areas of discussion at the Jan. 24 meeting of the New York State Board for Public Accountancy in Manhattan. The Board also discussed the new diagnostic testing reports related to the uniform CPA examination and welcomed new five-year-term board members David DeSilva, of Dermody Burke & Brown, and Henry Krostich, of Krostich & Krostich LLP.

Continue...

FAE Nonprofit Conference Draws Big Turnout

Forrest Whitesides

NEW YORK—More than 400 conference-goers attended the Foundation for Accounting Education’s 29th Annual Nonprofit Conference, held Jan. 17 at the New York Marriott Marquis Times Square in Manhattan. The conference, which featured sessions on auditing and legal updates, among others, also was held the prior week at the RIT Inn and Conference Center in Henrietta, N.Y., to make it accessible to upstate members. In total, the two conferences pulled in more than 600 attendees.Continue...

Nominating Committee Selection Process

Mark Ellis

NEW YORK—The work of the 2006–2007 NYSSCPA Nominating Committee is largely over, and their official report is here. As NYSSCPA Secretary and a member of a past nominating committee, I thought it might be helpful for the membership to have some information on how the process works. Continue...

NYSSCPA Board Seeks FAE Trustee Candidates

By James A. Woehlke

Each year, the terms of three Foundation for Accounting Education Trustees end, and the NYSSCPA Board seeks members interested in serving on the FAE Board. Beginning in 2005, the Society’s Board of Directors began submitting six names to fill the three FAE Board of Trustees vacancies. Before 2005, the trustees filled their own vacancies. The Society’s Board needs to hear from members interested in serving on the FAE Board before March 15.Continue...