Society Invites Candidates for 2007 Nominating Committee

Members Ineligible to Serve on the 2007-2008 Nominating Committee

A Deeper Look at J-SOX

IRS Clarifies Legality of 419(e) Plans

Employee Benefits Conference Touts Diverse Agenda

NYSSCPA Holds First Press Seminar on Government Accounting

Billing, Collecting and Suing for Fees

By Allison Schiff

NEW YORK—Energized at the end of June by what certain politicians referred to as an unfair tax advantage enjoyed by the managers of private investment partnerships, Rep. Sander Levin (D–MI) and other leading House Democrats and members of the Ways and Means Committee, including Rep. Charles B. Rangel (D–NY), introduced a bill (H.R. 2834) that would, according to a committee release, ensure “that any income received from a partnership, capital or otherwise, in compensation for services is ordinary income for tax purposes.” Continue...

By Dana A. Dillehunt

NEW YORK—On May 25th, the Small Business and Work Opportunity Tax Act was signed by President Bush, which, for the second time in two years, made significant changes to the existing so-called “kiddie tax” law. Continue...

Two months ago, the New York State Senate, for the fifth year in a row, passed an accountancy reform bill (S5240) sponsored by Senator Kenneth P. Lavalle (R–Port Jefferson). The NYSSCPA worked with and supported Senator Lavalle. We also worked with representatives of the Big 4, the Accountant’s Coalition, and the New York State Education Department to draft a compromise bill. Continue...