AICPA Comments on Circular 230

The Growing Specter of Identity Theft

Q&A with Sam Antar, Former CFO of Crazy Eddie's

Using CLATs to Transfer Wealth to Heirs

By Allison Schiff

ALBANY—In an effort to increase the transparency of volunteer firefighter service award programs and improve the financial oversight of fire districts and companies in the State of New York, the NYS Assembly recently passed A10478—similar in some respects to a law now governing school districts—which will amend town law and general municipal law by requiring fire districts with more than $200,000 in revenue to conduct “yearly independent audits.” Click here...

By Forrest Whitesides

NEW YORK—The New York State Department of Taxation and Finance recently announced that a Department-sponsored illegal tax shelter amnesty program, dubbed the “Voluntary Compliance Initiative” (VCI), has resulted in the collection of $345 million in previously unpaid state taxes. Total taxes collected via the VCI program, which ran from Oct. 1, 2005, through March 1 of this year, exceeded original estimates by more than 300 percent, according to the Department of Taxation and Finance. Click here ...

This is my first column as the newly elected President of the NYSSCPA, and I’d like to use this opportunity to give a few words of thanks where it is due and outline my goals and vision for the Society in the coming year. I have no doubt that the next 12 months will fly by while we are working hard to better the Society and our profession as a whole. Click here ...