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Gov. Hochul Signs Non-CPA Ownership Bill into Law
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IRS to Waive $1B in Some Late Payment Penalties
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Latest Articles

  • AICPA Asks IRS to Create Automated Procedure for Sec. 1033 Extension Requests

    By:
    Karen Sibayan
    |
    Jan 7, 2026
    In a Jan. 5 letter, the AICPA suggested that the IRS create an automated procedure to process extension requests for taxpayers affected by federally declared disasters to replace involuntarily converted property under section 1033.

  • FASB Explores Crypto in 2026 Amid Trump Push

    By:
    Emma Slack-Jorgensen
    |
    Jan 5, 2026
    FASB plans to take a closer look at cryptocurrency accounting in 2026, adding two digital-asset projects to an already crowded agenda shaped by its most recent agenda consultation.

  • Governor Hochul Proposes No Tax on Tips

    By:
    Karen Sibayan
    |
    Jan 5, 2026
    As part of New York State Governor Kathy Hochul's upcoming full-year 2027 executive budget proposal, she will put forth legislation that removes state income taxes on up to $25,000 of tips in tax year 2026.

  • Regulatory Roundup: Dec. 16–Jan. 5

    By:
    Karen Sibayan
    |
    Jan 5, 2026
    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 Updates Premium Tax Credit FAQs

    By:
    Karen Sibayan
    |
    Dec 23, 2025
    The IRS on Dec. 23 updated FAQs in Fact Sheet 2025-10 regarding changes to the Premium Tax Credit under the One Big, Beautiful Bill Act (OBBBA) and to related provisions that no longer apply.

  • Lawmakers Draw Up Cryptocurrency Tax Framework Offering Safe Harbor

    By:
    Karen Sibayan
    |
    Dec 23, 2025
    Republican Rep. Max Miller of Ohio and Democrat Rep. Steven Horsford of Nevada are creating a cryptocurrency tax framework in the House of Representatives.

  • AICPA Calls for Comments on Ethics Rules Update for Alternative Practice Structures in Private Equity

    By:
    Karen Sibayan
    |
    Dec 22, 2025

    The AICPA's Professional Ethics Executive Committee on Dec. 19 voted to ask for public comment on proposed changes to the AICPA Code of Professional Conduct that bear on alternative practice structures, specifically those that involve private equity investments.

  • Groups Sue IRS Due to Anti-Solar, Wind Tax Rules

    By:
    Karen Sibayan
    |
    Dec 22, 2025
    A wide array of groups with strong ties in clean and affordable energy sued the IRS and US Treasury Department due to new rules for tax credits that unfairly and illegally discriminate against wind and solar projects.

  • Treasury, IRS Offer Safe Harbor for Taxpayers Who Claim the Carbon Capture Credit

    By:
    Karen Sibayan
    |
    Dec 19, 2025
    The Treasury Department and the IRS on Dec. 19 offered guidance to taxpayers who claim the tax credit for carbon capture and sequestration. The credit was expanded and changed under the One, Big, Beautiful Bill.

  • Alternative CPA Licensure Pathway Evolved Into a CFO Issue This Year

    By:
    Karen Sibayan
    |
    Dec 19, 2025

    CPA licensure has quietly become one of the most significant talent issues that CFOs have to deal with. They have had tackle with the issues' ripple effects throughout the organization's hiring, audit readiness, internal controls, and longer-term succession planning. 
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