Latest Articles

  • NYCPA's Annual Meeting and Dinner to Be Held May 29

    By:
    Karen Sibayan
    |
    May 19, 2025
    The NYCPA will hold its annual meeting, the President Installation and Awards Dinner on Thursday, May 29 from 6:00 to10:00 p.m. at The Edison Ballroom, 240 West 47th Street, in Manhattan.  
  • Trump Tax Bill Passes Budget Committee and Advances in U.S. Congress

    By:
    Karen Sibayan
    |
    May 19, 2025
    President Donald Trump's comprehensive tax bill—which was delayed for days due to lawmakers' disagreements about spending cuts—passed a key congressional committee on May 18.
  • Regulatory Roundup: May 13-19

    By:
    Karen Sibayan
    |
    May 19, 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

  • ICE Gets Tax Data Only in Criminal or Final Deportation Cases

    By:
    Karen Sibayan
    |
    May 16, 2025
    The IRS is now allowed to share taxpayer data with federal immigration officials only in cases that involve immigrants who have final deportation orders or ongoing criminal investigations, according to a newly unsealed agreement between the U.S. Treasury and Homeland Security.
  • NJCPA Proposes an Alternative Path to Licensure with a Modification to the State's Statute

    By:
    Karen Sibayan
    |
    May 16, 2025
    As a recognition of the need to boost access to accounting, the New Jersey Society of Certified Public Accountants (NJCPA) has proposed an added pathway to CPA licensure in the state.
  • SALT Workaround Removed From Tax Bill

    By:
    Karen Sibayan
    |
    May 15, 2025
    The House Republicans’ bill to expand President Donald Trump’s 2017 tax law would generate revenue through eliminating the workarounds that various professional service providers utilize to avoid the cap on state and local tax deductions.
  • AICPA Says House Ways and Means Committee's  Tax Reform Legislation Is a Mixed Bag

    By:
    Karen Sibayan
    |
    May 15, 2025
    After May 12’s release of bill language, the House Ways & Means Committee met on May 13 to pass its portion of the budget reconciliation bill.
  • TIGTA: IRS Fails to Reduce Improper Payment Rates to Under 10 Percent

    By:
    Karen Sibayan
    |
    May 14, 2025
    According to a new report from the Treasury Inspector General for Tax Administration (TIGTA), the IRS has failed at reducing improper payment rates to less than 10 percent while also not reporting improper payment rates for COVID-related programs.
  • AICPA and NASBA Approve New CPA Licensure Pathway Model Legislation

    By:
    Karen Sibayan
    |
    May 14, 2025
    The boards of directors of the AICPA and NASBA approved the expansion of accountancy’s model legislation or the Uniform Accountancy Act to include an added pathway to CPA licensure.
  • SALT Cap Fight Stalls GOP Tax Plan

    By:
    Karen Sibayan
    |
    May 13, 2025
    A couple of New York Republican lawmakers vowed to stop their party’s signature tax legislation if GOP leaders do not raise a proposed $30,000 limit on the federal income tax deduction for state and local taxes,.