Proposition 40 would impose a one-time 5% tax on the wealth of billionaires who were California residents at the start of 2026, with most of the proceeds earmarked to shore up healthcare.
Category: NYT Accounting News
IRS offers Nationwide Tax Forum Online with CPE
The Internal Revenue Service is once again providing an online way to attend its Nationwide Tax Forum series and earn continuing professional education credits.
Florida property-tax revolt leaves cities facing painful cuts
Florida voters delivered one of the most far-reaching property-tax cuts in years, handing homeowners relief while threatening to blow holes in local budgets.
Court tosses suit challenging NYC pied-a-terre tax rollout
A Brooklyn appeals court threw out a lawsuit challenging the rollout of New York City’s pied-à-terre tax, ruling that the homeowner plaintiffs lacked standing.
Democrats plan tax agenda after midterms
Newly emboldened by wins in the midterm elections that shifted control of the House and Senate to their party, Democrats are already gaming their strategy.
EisnerAmper to add RSM’s Sage Intacct practice
More than 35 RSM professionals will join EisnerAmper’s Technology Solutions practice.
In the blogs: You got to know when to hold ’em
Proactive November tax actions; better-coordinated fraud enforcement; corporate spin-offs; and other highlights from our favorite tax bloggers.
AICPA revises ethics proposals for alternative practice structures
The Professional Ethics Executive Committee unveiled its latest exposure draft proposing changes to the AICPA’s Code of Professional Conduct for PE-funded firms.
Democrats press IRS for tax gap accounting after midterm election
Senate and House Democrats are pushing the IRS to release long-delayed estimates of the size of the tax gap, as the crucial midterm elections take place.
KSM grows managed tech services
Top 100 Firm Katz, Sapper & Miller merged in managed services provider Blackink IT.