Mergers and Acquisitions July 6, 2026
UHY Combines with RBT CPAs
The national accounting and advisory services firm UHY has combined with RBT CPAs LLP, the largest CPA firm in New York’s Hudson Valley.
Mergers and Acquisitions July 6, 2026
The national accounting and advisory services firm UHY has combined with RBT CPAs LLP, the largest CPA firm in New York’s Hudson Valley.
Taxes May 15, 2026
The new tax, which would assess a surcharge of 1% of the sale price for city homes purchased in cash for at least $1 million, is expected to generate $160 million annually.
Taxes May 12, 2026
New York Gov. Kathy Hochul, a Democrat, on Monday defended herself against criticism from labor allies and members of her own party over her intent to opt into the GOP’s federal tax-credit scholarship program.
Taxes May 11, 2026
Gov. Kathy Hochul announced a handshake deal Thursday on a $268 billion state budget that includes a controversial pied-à-terre tax on second homes in New York City aimed at bringing more money to city coffers.
Taxes April 16, 2026
The tax on expensive secondary residences in New York City represents a safe middle ground between Zohran Mamdani’s tax-the-rich proposals and Kathy Hochul’s more moderate standpoint on taxes.
Taxes April 14, 2026
Millionaires accounted for fewer than 1% of all taxpayers in New York in 2024, according to the state. But they paid more than 44% of all personal income taxes.
Taxes April 6, 2026
A typo by the New York State Department of Taxation and Finance resulted in more than 50,000 tax filers paying more in taxes or receiving smaller refunds.
Taxes March 10, 2026
A budget battle is unfolding in Albany as state lawmakers in their budget proposals unveiled a push for tax hikes on both wealthy individuals and corporations to supply New York City with more money.
Taxes February 17, 2026
Mamdani is expected to propose raising property taxes to balance the city budget on Tuesday, in the face of Gov. Kathy Hochul’s continued resistance to raising taxes on the wealthy and corporations.
Taxes January 21, 2026
Facing a potential $12 billion budget gap, New York City Mayor Zohran Mamdani indicated Jan. 21 he may push Gov. Kathy Hochul in budget negotiations to include tax hikes on millionaires and corporations.
Taxes December 17, 2025
An obstacle to New York City Mayor-elect Zohran Mamdani’s plan to expand free child care is its reliance on lawmakers in Albany and tax revenue from wealthy New Yorkers, though a new survey indicated broad support for that approach.
Taxes October 9, 2025
The IFT provides high-level updates, insights, analyses, and practical advice from America’s top tax authorities on the latest federal tax trends and developments.