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New York City: Factor Presence Nexus Adopted
September 21, 2022 New York City: Factor Presence Nexus Adopted Governor Kathy Hochul on August 31, 2022, signed into law a bill (S.B. 9454) that, among other things, …
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Top 10 Tax Breaks for Small Businesses and Self-Employed Taxpayers
April 13, 2022 Top 10 Tax Breaks for Small Businesses and Self-Employed ... As the 2021 tax filing season progresses, small businesses and self-employed taxpayers should make …
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States Have No Constitutional Claims to Challenge SALT Deduction Cap
October 14, 2021 States Have No Constitutional Claims to Challenge SALT ... On October 5, 2021, the United States Court of Appeals for the 2nd Circuit affirmed a New York federal …
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June 11, 2021 5 SALT Issues to Consider in 2021 As state and local governments look for new ways to stimulate their economies, incentivize employment, …
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Businesses can temporally claim 100% of their food & beverage expenses
April 16, 2021 Businesses can temporally claim 100% of their food & ... On April 8, 2021, the Treasury Department and the Internal Revenue Service issued Notice 2021-25, which …
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General Aspects of 2021 Final Regulations on Deduction of Business Interest Expense
January 25, 2021 General Aspects of 2021 Final Regulations on Deduction of ... On January 5, 2021, Treasury and the IRS issued a second set of final regulations on the deduction of …
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Service Disallows Tax Deductions For Eligible PPP Expenditures
May 11, 2020 Service Disallows Tax Deductions For Eligible PPP ... Summary: Paycheck Protection Program (PPP) Expenditures Under the CARES Act
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Family Office Structuring in Light of Lender Ruling
August 21, 2019 Family Office Structuring in Light of Lender Ruling Recent court rulings and tax reform legislation has an impact on family office expense deduction. The …
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Final Rules Limit Charitable Contributions Made for SALT Credits
July 8, 2019 Final Rules Limit Charitable Contributions Made for SALT ... The IRS has issued final regulations that require taxpayers to reduce the amount of any charitable …
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July 8, 2019 Proposed Rules Explain 199A Deduction for Cooperatives & ... Taxpayers may rely on two new pieces of IRS guidance for applying the Code Sec. 199A deduction to …
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