Latest Articles

  • Senate Moves Forward on Bill to End 40-Day Federal Shutdown

    By:
    Emma Slack-Jorgensen
    |
    Nov 10, 2025
    The US Senate advanced a bill on Sunday aimed at reopening the federal government after a 40-day shutdown that has halted key services, delayed benefits, and disrupted air travel. 
  • Regulatory Roundup: Nov. 4-10

    By:
    Karen Sibayan
    |
    Nov 10, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA'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.
  • IRS Reinstates Some Furloughed Staff Amid Government Shutdown

    By:
    Karen Sibayan
    |
    Nov 10, 2025
    The IRS has reinstated some select employees who were furloughed amid the current government shutdown. The move comes as the tax agency prepares for the upcoming filing season.
  • Treasury Launches Department-Wide Fraud Investigation into Contracting Programs

    By:
    Emma Slack-Jorgensen
    |
    Nov 7, 2025
    The US Treasury has ordered a full audit of all contracts and task orders awarded under preference-based contracting programs, covering about $9 billion in total contract value across Treasury and its bureaus.
  • NATP Warns Shutdown and Staffing Cuts Threaten IRS Operations

    By:
    Emma Slack-Jorgensen
    |
    Nov 7, 2025
    The National Association of tax Professionals has warned congressional leaders that ongoing government shutdowns and staff reductions are undermining the IRS’s ability to serve taxpayers and support the nation’s tax system.
  • IRS Grants Reporting Relief for Employers on Tips and Overtime for Tax Year 2025

    By:
    Emma Slack-Jorgensen
    |
    Nov 6, 2025
    The IRS has announced temporary relief for employers and other payers who may struggle to comply with new reporting rules on tips and overtime pay introduced under the One Big Beautiful Bill Act (H.R. 1, P.L. 119-21)
  • IRS Ends Its Direct File Program

    By:
    Karen Sibayan
    |
    Nov 6, 2025
    IRS Direct File  will not be offered next year as confirmed by the Trump administration. Direct File is the tax agency's free electronic system for filing tax returns.
  • Where Most Fraud Really Comes From

    By:
    Emma Slack-Jorgensen
    |
    Nov 5, 2025
    At this year’s FAE Business and Industry Conference, experts Anthony M. Bracco and Brian Sanvidge offered a closer look at the source of most occupational fraud. 
  • Zohran Mamdani Wins New York City Mayoral Race

    By:
    Emma Slack-Jorgensen
    |
    Nov 5, 2025
    Zohran Mamdani, a young assemblyman from Queens, was elected the 111th mayor of New York City on Nov. 4. Mamdani's proposals would be financed by raising New York state’s corporate tax rate as well as income taxes on New Yorkers who earn over $1 million annually.
  • Supreme Court to Weigh Trump Tariffs in Landmark Case on Presidential Power

    By:
    Emma Slack-Jorgensen
    |
    Nov 4, 2025
    The Supreme Court will hear arguments this week in a major case testing whether President Donald Trump exceeded his authority when he imposed sweeping global tariffs earlier this year under the International Emergency Economic Powers Act.