On February 9, 2023, in a major victory for the taxpayer, the New York State Court of Appeals (New York State's highest court), denied the…
ICYMI | Incident Responses to Cyber Attacks and Breaches
Considerations for Boards and Audit Committees
Recent media reports indicate that numerous organizations have suffered cyber breaches from increasingly sophisticated attacks. Victim organizations range from sensitive governmental and Fortune 500 companies to…
ICYMI | Ensuring Business Activity Classification
Lessons from the Tax Court’s Decision in Whatley
In Brief Individuals often contend that their hobbies have a profit motive in order to obtain a more favorable tax outcome. But when such disputes…
On May 3, 2023, Governor Kathy Hochul signed into law the New York State Budget Act (S4009). The Budget Act focused on numerous updates for…
With so much attention drifting toward the productivity of remote workers in the post–COVID-19 environment, many CFOs are overlooking the related critical tax and compliance…
ICYMI | An Inconvenient Truth about Remote Work
Connecticut’s Income-Sourcing Statute Needs Fixing
The “convenience of the employer” rule for sourcing income to a particular state is anything but convenient for tri-state taxpayers. Most states that levy an…
ICYMI | Defining a Trade or Business under Federal Tax Law
A Practical Blueprint for Long Overdue Guidance
Unlike many important terms that are defined either in the IRC or Treasury Regulations, the term “trade or business,” which comes up throughout the IRC…
About the Speaker The conference keynote was a prerecorded “fireside chat” with newly installed PCAOB chair Erica Y. Williams. Williams was sworn in as the chair of…
About the Panelists The last panel of the morning was focused on environmental, social, and governance (ESG) issues as they affect accounting, auditing, and financial…
This issue of The CPA Journal comes at a time of significant regulatory and advocacy activity. (Yes, I realize that CPAs face a seemingly never-ending pace of…
Examining the Highlights of the Secure Act 2.0
Further Enhancements to Americans’ Retirement Security
In Brief The recently enacted “version 2.0” of the Secure Act complements and enhances aspects of the original Secure Act passed in 2019. Like its…
About the Panelists The first panel was focused on current developments at the SEC. Jonathan Wiggins, deputy chief accountant, Office of the Chief Accountant (OCA), SEC, served…
As a CPA who has also earned a PhD in behavioral accounting, I have always been qualified to practice forensic accounting. After all, in order…
An Inconvenient Truth about Remote Work
Connecticut’s Income-Sourcing Statute Needs Fixing
The “convenience of the employer” rule for sourcing income to a particular state is anything but convenient for tri-state taxpayers. Most states that levy an…
Chat GPT is an artificial intelligence (AI) chatbot developed by the OpenAI organization. Many readers may already be familiar with chatbots, which are software applications…
Opening Remarks
A Conversation with Paul Munter and Richard Jones
About the Speakers Paul Munter was named chief accountant in the Office of the Chief Accountant (OCA) at the SEC in January; he had been serving…
With so much attention drifting toward the productivity of remote workers in the post–COVID-19 environment, many CFOs are overlooking the related critical tax and compliance…
Revenue Procedure 2022-32 (2022-30 IRB 101) became effective on July 8, 2022. This guidance issued by the IRS allows certain taxpayers an extended amount of…
Incident Responses to Cyber Attacks and Breaches
Considerations for Boards and Audit Committees
Recent media reports indicate that numerous organizations have suffered cyber breaches from increasingly sophisticated attacks. Victim organizations range from sensitive governmental and Fortune 500 companies to…
About the Panelists The last panel of the morning was focused on environmental, social, and governance (ESG) issues as they affect accounting, auditing, and financial…
A Taxpayer Victory in a Statutory Resident Case
New York Court of Appeals Denial Finalizes a Landmark Decision
On February 9, 2023, in a major victory for the taxpayer, the New York State Court of Appeals (New York State's highest court), denied the…
Defining a Trade or Business under Federal Tax Law
A Practical Blueprint for Long Overdue Guidance
Unlike many important terms that are defined either in the IRC or Treasury Regulations, the term “trade or business,” which comes up throughout the IRC…
Artificial Intelligence (AI) has been a buzzword for years, but it wasn't until OpenAI came out with Chat GPT in November 2022 that AI came…
About the Speaker The conference keynote was a prerecorded “fireside chat” with newly installed PCAOB chair Erica Y. Williams. Williams was sworn in as the chair of…
For many years, Congress has passed income tax laws designed to mitigate the so-called “marriage penalty.” The marriage penalty occurs when a married couple with…
Ensuring Business Activity Classification
Lessons from the Tax Court’s Decision in Whatley
In Brief Individuals often contend that their hobbies have a profit motive in order to obtain a more favorable tax outcome. But when such disputes…
On May 3, 2023, Governor Kathy Hochul signed into law the New York State Budget Act (S4009). The Budget Act focused on numerous updates for…
About the Panelists The first panel was focused on current developments at the SEC. Jonathan Wiggins, deputy chief accountant, Office of the Chief Accountant (OCA), SEC, served…
This issue of The CPA Journal comes at a time of significant regulatory and advocacy activity. (Yes, I realize that CPAs face a seemingly never-ending pace of…
Examining the Highlights of the Secure Act 2.0
Further Enhancements to Americans’ Retirement Security
In Brief The recently enacted “version 2.0” of the Secure Act complements and enhances aspects of the original Secure Act passed in 2019. Like its…