News

 
  • TIGTA: IRS Sent Almost 90K Premature Collection Notices

    By:
    Chris Gaetano
    |
    Sep 21, 2021
    The Treasury Inspector General for Tax Administration (TIGTA) said that the IRS issued 89,338 premature Notices and Demand for tax that were generated for 87,542 individual taxpayers who filed Tax Year 2019 tax returns before the COVID-19 filing date extension of July 15, 2020.
  • Coinbase, Under Pressure From SEC, Shelves Interest Payments

    By:
    Chris Gaetano
    |
    Sep 21, 2021
    Cryptocurrency exchange Coinbase said that it is shelving plans for a new product that would let account holders earn interest on their assets due to the threat of litigation from the Securities and Exchange Commission (SEC). 
  • Study: SALT Cap Repeal Would Halve Tax Revenue From New Measures

    By:
    Chris Gaetano
    |
    Sep 20, 2021
    A recent analysis has found that if the $10,000 cap on state and local tax deductions (SALT) were fully repealed, as some have been advocating, high income individuals would see their contributions to the multi-trillion dollar spending package cut by at least half. 
  • Two Plead Guilty to Medical Litigation Scheme Where Clients Underwent Risky Surgery to Boost Claims

    By:
    Chris Gaetano
    |
    Sep 20, 2021
    A doctor and a medical consultant have pleaded guilty to a scheme where they are said to have pressured hundreds of women into undergoing risky surgeries to boost the claims in future litigation. 
  • Senate Proposal Would Pass Capital Gains Tax to ETF Investors

    By:
    Chris Gaetano
    |
    Sep 17, 2021
    Senator Ron Wyden (D-Ore.) has proposed measures aimed at curbing the $5.4 trillion market for exchange-traded funds (ETFs) by changing how capital gains taxes are applied to the investments. 
  • Regulatory Roundup - Sept. 14-17

    By:
    Chris Gaetano
    |
    Sep 17, 2021
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA's regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.
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