News

tax_stinger_logobanner

 
 
Navigating the 2026 New York State Estate Tax
The One Big Beautiful Bill Act: Tax Provisions
Clearing the Fog: Analyzing and Reporting Partnership Liabilities
A Deep Dive Into Schedule K‑1: What Taxpayers, Partners, and Shareholders Need
Navigating State Income Tax Apportionment by Entity Type

Latest Articles

  • IRS Form 990: What Executives And the Board Should Evaluate

    By:
    By Zachary Segal, MST and Lori Rothe Yokobosky, MST
    |
    Nov 1, 2025
    While the IRS Form 990, “Return of Organization Exempt from Income Tax,” is often viewed as a routine compliance requirement, its impact and audience reach far beyond tax reporting and the IRS. For nonprofit organizations, this form can serve as a powerful public-facing tool that shapes perceptions of governance, transparency, and financial stewardship. 

  • As State Payroll Deduction IRA Mandates Take Effect, Enhanced Federal Tax Credits Can Facilitate Employer-Sponsored Retirement Plan Exemption

    By:
    Andrew E. Roth, JD, LLM (taxation), and Mark T. Hamilton, JD, LLM (taxation)
    |
    Oct 1, 2025
    Many states have enacted or are in the process of enacting or implementing legislation requiring employers to facilitate their employees’ enrollment in state-sponsored payroll deduction individual retirement account (IRA) programs.

  • Coast-to-Coast Tax Residency: New York & California Case Studies

    By:
    Daniel P. Kelly & Joseph F. Tantillo, Esq.
    |
    Oct 1, 2025
    In the August 2025 TaxStringer, we examined the tax residency rules for California and New York. The publication detailed the California and New York income tax residency tests, exceptions to the primary rules, presumptions of residency, and residency safe harbors, as well as key factors and actions affecting tax residency in New York and California, and other relevant considerations. We also surveyed income tax residency rules across the United States.

  • New Jersey Inheritance Tax

    By:
    James Lynch, CPA, JD
    |
    Oct 1, 2025

    New York practitioners should be aware of the New Jersey Inheritance Tax. This tax, in place since 1892, imposes a tax on the right to inherit property. It can apply to non-residents of New Jersey who own real or tangible property in New Jersey at the time of death. This article explains the New Jersey Inheritance Tax in greater detail.

  • Navigating the 2024 Form 6765 Overhaul: Key Insights for R&D Credit Practitioners

    By:
    Akshay Shrimanker, CPA, and Jay Persaud, CPA
    |
    Oct 1, 2025
    On Jun. 12, 2025, the NYCPA C-Corporation Tax Committee hosted a one-hour CPE to unpack the IRS’s comprehensive redesign of Form 6765, Credit for Increasing Research Activities, better known as the R&D Tax Credit form.

  • QOZ Planning Under the OBBBA

    By:
    Kevin Matz, CPA, JD, LLM
    |
    Sep 4, 2025
    On Jul. 4, 2025, President Trump signed into law the One Big Beautiful Bill Act,  formally known as H.R.1 – An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14 (the OBBBA). The OBBBA includes provisions that establish a “second tranche” for the Qualified Opportunity Zone (QOZ) and qualified opportunity fund (QOF) program that is generally effective beginning Jan. 1, 2027.

  • Interim Guidance Simplifies Application of the Corporate Alternative Minimum Tax to Partnerships

    By:
    Aaron Lebovics, CPA, Annet Thomas-Pett, CPA, Charwin Embuscado, CPA, Jason Black, CPA, Michael Hauswirth, JD, Craig Gerson, JD, LLM, Corey Dalton, CPA, and Brett York, JD
    |
    Sep 4, 2025
    On Jul. 29, 2025, Treasury and the IRS issued Notice 2025-28 (the Notice) indicating their intent to partially withdraw proposed Corporate Alternative Minimum Tax (CAMT) regulations related to partnerships. The Notice also provides interim guidance to simplify CAMT’s application to partnerships. Forthcoming proposed regulations will include rules similar to the interim guidance provided in the Notice. 

  • Impact of SECURE Final Regs on Planning for Trusts

    By:
    Steven B. Gorin, CPA, Esq., CGMA
    |
    Sep 4, 2025
    This article discusses selected issues under the 2024 final regulations implementing the SECURE Act and SECURE 2.0.

  • Court Decision Might Mean Foreign Tax Credits Can Offset U.S. Tax— but Don’t Jump at the Chance

    By:
    Alicea Castellanos, CPA
    |
    Sep 4, 2025
    The U.S. is one of the only nations that imposes income tax on its citizens who live abroad. The theory is that this taxation guarantees Americans worldwide pay their share for the privilege of U.S. citizenship and, perhaps more importantly, prevents them from hiding income by living overseas. 

  • First Look at the Tax Provisions of “The One Big Beautiful Bill Act”: How It Affects Individuals

    By:
    Mark H. Levin, CPA, MS (Taxation)
    |
    Aug 1, 2025

    On Jul. 4, 2025, President Trump signed The One Big Beautiful Bill Act (OBBBA) into law as Public Law 119-21. Title XI of the law contains the tax provisions for the 2025–2026 federal budget.
Page
Tax Jokes
  

Have you heard the one about the fun accountant? No? Me neither.
 
https://parade.com/1317763/jessicasager/accounting-jokes/

Updated Tax Withholding Estimator Lets Millions of Taxpayers Take One, Big, Beautiful Bill Changes Into Account When Calculating Their Withholding, Internal Revenue Service

Dirty Dozen Tax Scams for 2026: IRS Reminds Taxpayers to Watch out for Dangerous Threats, Internal Revenue Service

IRS Updates Filing Process for 501(c)(4) Organizations, The Trusted Professional

Time is Running Out to Claim $1.2 billion in Refunds for Tax Year 2022; Taxpayers Face April 15 Deadline, Internal Revenue Service

As Tax Rules Get More Complicated, Being Skilled is Now Essential for Tax Professionals, The Trusted Professional

*Outside the Box is a new addition to the TaxStringer featuring important articles on financial and investment management topics by top authors who have expertise both inside and outside the realm of taxation.

 

 

Interested in writing for the TaxStringer? Click here for Submission Guidelines and contact TaxStringer@nysscpa.org.


View Upcoming Tax Courses

 
Views expressed in articles published in Tax Stringer are the authors' only and are not to be attributed to the publication, its editors, the NYSSCPA or FAE, or their directors, officers, or employees, unless expressly so stated. Articles contain information believed by the authors to be accurate, but the publisher, editors and authors are not engaged in redering legal, accounting or other professional services. If specific professional advice or assistance is required, the services of a competent professional should be sought.