Understanding Tax Withholding for Nonresident Partners: A Deep Dive into the Impact of Section 1446(f)

Section 1446(f) withholding will require substantial time and attention in connection with all partnership interest transfers.

New York’s NOL Dilemma – The Not So Tender Trap

Now that New York’s treatment of NOLs has recoupled with the federal provisions, a potential taxpayer problem becomes evident.

How The New IRS 10-Year Plan May Affect Wealthy Clients

First Quarter Construction Update: The Good, the Bad, and the Ugly

The construction industry faces several challenges, including rising costs, a weakening economy, and uncertainty about the future.

California Extends PTE Tax Payments for Winter Storm Victims; Non-Residents Entities Still Need to Pay by June 15

Due to the severe winter storms that have affected California, the state has extended the deadline to pay the first installment of the pass-through entity tax to October 16th, 2023, for California resident taxpayers.

Do Your Due Diligence: A New York Case Study

Due diligence during divorce proceedings is essential in ensuring assets, and their respective values, are properly disclosed with supporting documentation.

Tax Considerations of Selling Your Marital Home

Special consideration should be taken throughout the divorce process to ensure proper planning and documentation for minimizing capital gains taxes when it comes to the ownership and sale of the marital residence.

Trending Challenges Facing the Health Care Industry

Learn current health care trends and risk management strategies for staff shortages, technology, workplace violence and mergers & acquisitions.

Budding Headaches – What Challenges Await Massachusetts’s Cannabis Businesses in 2023?

All the fruitful efforts from past years will begin to realize in the current year, allowing us to see the impact of new research, cannabis education, and marketing on the growth of a still-young industry.

No, Social Security Is Not Going Bankrupt

Although the Social Security Trust Fund is projected to be depleted in 2033, Social Security will not be insolvent or bankrupt.

ChatGPT: Friend or Foe in the Legal Realm?

ChatGPT can be a helpful resource for general legal research, but it should not be relied upon as a substitute for professional legal advice.

Valuation in a Divorce

aluation is complex and divorce cases are often adversarial, so it might not be easy to agree on a value.

What to Consider When Divorcing Parties Have Ownership Interests in Privately Held Companies

It is essential that family law attorneys develop a plan for addressing valuation issues early in the engagement so that the guesswork related to business value is minimized.

Taking a Holistic Approach to the 179D Tax Credit

Recent updates to the Section 179D Tax Credit essentially doubled the deduction amount. See how your business can leverage179D and other green tax deductions.

Tax Breaks and Incentives: Highlights of the New York State 2023-2024 Budget

From corporate tax rates to credits and incentives, as well as disaster relief and payroll changes, the budget brings opportunities and challenges for New Yorkers.