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What's New at the Society?

Members Get Unlimited Access to Self Study CPE

 
Unlimited CPE for NYSSCPA Members

Introducing a New Member Benefit!
 
NYSSCPA members now have free unlimited access to over 150 CPE courses in our Self Study Course Catalog.
 
"I enjoy the online CPE because it allows for me to stay up-to-date with pertinent accounting issues while studying on my own time. I can pause the sessions and resume at my convenience. I feel the CPE is highly relevant as a majority of the sessions have lecturers who are experts in their field. The online interface that NYSSCPA utilizes is user friendly and allows me to easily sort by topic."
– Greg Kozerski, Jr., NYSSCPA Member

 

The New NYSSCPA Career Center

 
The New NYSSCPA Career Center

Whether you're an employer looking for your next great hire, or a job seeker looking for your next great opportunity, the NYSSCPA Career Center is here to assist you.

Employers: Post Job Descriptions Here
Job Seekers: View Open Positions Here

 

Get Money Smart

 
Get Money Smart

The cost of financial ignorance is high.

Check out these materials and consider attending one of our free events to learn more about taxes, credit, debt, budgeting, the basics of investing and learning activities for children.

 

Technical Hotline

 
The NYSSCPA Technical Hotline

Stumped? Get CPA expertise through the technical hotline!

Call the hotline at 212-719-8309 or
email your inquires to technical@nysscpa.org.

 

The Latest From Our Publications

Read the February/March 2021 Issue on

CPAJournal.com

The theme for this issue is the outlook for tax and auditing issues in the upcoming year. Perhaps no year has begun with as much uncertainty as 2021. And while any detailed prognostication would be futile, one can ascertain the broad outlines of the issues most likely to drive changes in the business environment and accounting profession in the coming months.

Read Now »

NextGen



The Trusted Professional

TaxStringer

  • The IRS Has Announced Open Season Against Those Covered By FIRPTA!
    Apr 29, 2021
    If you were raised on American TV and are now approaching middle age, you may recall watching the Warner Brothers cartoons featuring characters like Bugs Bunny, Daffy Duck, and Elmer J. Fudd. An oft-featured plot line involved Fudd hunting down rabbits or ducks. He would speak to the audience while on the hunt stating that everyone should be quiet because he was hunting. Bugs and Daffy would argue over the appropriate hunting season in front of Fudd in order to save their respective lives. 
  • FDII Qualification and Substantiation Requirements in the Final 250 Regulations
    Apr 29, 2021

    Enacted by the Tax Cuts and Jobs Act of 2017, IRC Section 250 (Deduction for Foreign-Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI)) provides a favorable 50% U.S. tax deduction to shareholders of controlled foreign corporations (CFCs) on their GILTI deemed dividends.  In addition, Section 250 provides domestic C corporations a favorable 37.5% deduction on Foreign Derived Intangible Income that is derived from serving foreign markets via sales, services and licensing. This article primarily addresses issues related to the FDII deduction.
  • How to Determine the Section 199A Deduction for Your Client
    Apr 29, 2021

    The qualified business income (QBI) deduction under Internal Revenue Code (IRC) Section 199A introduces challenges and benefits for owners of pass-through businesses. Although the deduction can provide a significant tax opportunity, navigating the many rules and limitations associated with it can be complicated and time consuming. Here, learn key applications and requirements when determining the QBI deduction for taxpayers who receive QBI from multiple sources, such as Schedule K-1s and rental properties.
  • Buy-Sell Agreements: The Accountant’s Holistic Primer, Part 1
    Apr 29, 2021
    This is the first of a two-part article on buy-sell agreements. The second part will be featured in the June TaxStringer.

    Most accountants are familiar with the concept of Buy-Sell Agreements, and after practicing long enough, most accountants are involved in planning several Buy-Sell Agreements and administering at least a few of them. Buy-Sell Agreements create the mechanism for an entity and its owners to experience an orderly transition of equity ownership and governance upon a wide range of events that might include death, disability, retirement, voluntary withdrawal, or an impasse among the owners.