New York City’s highly controversial pied-à-terre tax faces massive logistical and legal hurdles after a dramatic Staten Island court ruling upended its initial implementation. On September 29, 2026, Richmond County Supreme Court Justice Wayne Ozzi ordered the administration of Mayor…
A newly released audit by the Treasury Inspector General for Tax Administration (TIGTA) has delivered a sobering assessment of the Internal Revenue Service’s (IRS) data security operations. In its annual review mandated by the Federal Information Security Modernization Act (FISMA),…
The Internal Revenue Service (IRS) is focusing its audit scrutiny overwhelmingly on the extremes of the American income spectrum—the wealthiest individuals and the poorest taxpayers—leaving middle-income earners as the least likely to be audited. A recent analysis of IRS data…
The Internal Revenue Service (IRS) is focusing its audit scrutiny overwhelmingly on the extremes of the American income spectrum—the wealthiest individuals and the poorest taxpayers—leaving middle-income earners as the least likely to be audited. A recent analysis of IRS data…
It’s easy to focus on revenue and growth, but what is your cash flow actually telling you? Join us for an EO Accelerator Learning Day focused on cash conversion cycles, recurring revenue, and the numbers that matter most for your cash…
The U.S. Securities and Exchange Commission (SEC), under Chairman Paul S. Atkins, has proposed a sweeping set of deregulatory overhauls aimed at reducing compliance burdens, accelerating capital formation, and rolling back several disclosure requirements for public companies. These proposed rules…
IRS audit revenue plummeted 35 percent to $6.5 billion in fiscal year 2025 following federal workforce reductions under the Trump administration. A report from the Treasury Inspector General for Tax Administration links this decline to a workforce reduction strategy that…
The Qualified Opportunity Zone (QOZ) program stands as one of the most powerful economic development tools in modern American history, designed to inject private capital into distressed communities by granting massive tax incentives to investors. Originally established under the Tax Cuts and Jobs…
The Internal Revenue Service is introducing a new automatic process to provide penalty relief for taxpayers who have a history of filing and paying their tax debts on time, lessening the need for them to ask for assistance. The new…
New York State has officially enacted an annual Pied-à-Terre Tax (technically a “City Surcharge on Property That Does Not Serve as a Primary Residence”). Signed into law as part of the Fiscal Year 2027 state budget, the tax takes effect July 1, 2026,…