Topics

American Families Plan

Cash in Hand, Tax Deferral, Monetized Installment Sales: No, You Can’t Have It AllThe President’s Recent Tax Proposals: What Do They Mean for Business Owners?Tax Highlights: The American Families Plan

Business

Applying New York’s Convenience Rule to a Former Resident, Truly Remote Non-Resident EmployeeWith Tax Increases Lurking Just Over the Horizon, and With Large Dispositions of Wealth Underway, Now’s the Time to Identify and Correct Earlier MisstepsIf I Own the Corp, and the Corp Owns the Assets of the Business, Aren’t  Those Assets Mine?

COVID

The President’s Recent Tax Proposals: What Do They Mean for Business Owners?

Crypto

Tax Losses Realized During the Crypto Winter

Estate

With Tax Increases Lurking Just Over the Horizon, and With Large Dispositions of Wealth Underway, Now’s the Time to Identify and Correct Earlier MisstepsEstate Tax Collection: An Illustration of Payment Options, Decisions, and ConsequencesTaxes, the Surrender of Permanent Life Insurance, and Something to Chew On

Federal

Congress’s Continuing Quest to Restrict Executive Compensation at Charitable Organizations, With a TwistWith Tax Increases Lurking Just Over the Horizon, and With Large Dispositions of Wealth Underway, Now’s the Time to Identify and Correct Earlier Missteps“For Want of a Nail” – A Poor Reason to Lose a Charitable Contribution Deduction

Federal Budget

Qualified Small Business Stock – Be Mindful of the 'Acquisition Dates' When Applying OBBBA's Enhanced Gain Exclusion RuleCannabis Business and the QBI DeductionEstate, Gift, GST & Related Income Tax Proposals – What is the White House Doing?

Gift Tax

“Hey Mom, Can I Have A Few Bucks?” Is It A Loan? A Gift? A Little of Each?Moving to the U.S.? Have You Planned for the Estate and Gift Taxes?One Step Closer to “Building Back” – Where Do Federal Transfer Taxes Stand?

Income Tax

When a Non-Shareholder Contributes Capital to a CorporationApplying New York’s Convenience Rule to a Former Resident, Truly Remote Non-Resident Employee“For Want of a Nail” – A Poor Reason to Lose a Charitable Contribution Deduction

Investing

Will New York Increase Taxes On Investment Income?Capital vs Ordinary Loss When An Investment Goes South

LLCs

Purchasing Residential Property in NYC: Coordinating State Tax and Beneficial Ownership RulesTax Compliance: Self-Assessment, Transparency, and Enforcement

Loan

Writing Off A Loan – Simultaneous COD Income and Bad Debt Deduction? Not NecessarilyShared Appreciation Interest: Debtor-Creditor or Partners?Bona Fide Intercompany Loan – Are you Sure?

New York State

Applying New York’s Convenience Rule to a Former Resident, Truly Remote Non-Resident EmployeeWhen is a Remote Employee Not Remote Enough to Escape New York Tax?Purchasing Residential Property in NYC: Coordinating State Tax and Beneficial Ownership Rules

Real Estate

Purchasing Residential Property in NYC: Coordinating State Tax and Beneficial Ownership RulesTax Considerations for Individuals Targeted by New York’s Assault on Real Property OwnershipEscape from New York – It’s Not That Easy

State Tax Issues

When is a Remote Employee Not Remote Enough to Escape New York Tax?The “Mandated” New York S Corporation Election – Does Investment Income Include Gain from the Sale of Goodwill?Escape from New York – It’s Not That Easy

Tax Exempt Organizations

Congress’s Continuing Quest to Restrict Executive Compensation at Charitable Organizations, With a TwistOBBBA and the Self-Imposed Tax Known as Charitable GivingThe Uncharitable Treatment of Tax-Exempt Charities? Maybe, Maybe Not

Uncategorized

Standing at 21Converting a Taxable Corp Into a Tax-Exempt Entity Via a Bargain Sale – or is it Something More?Nothing Lasts Forever –Expiring Tax Provisions