Knowledge Center

Blogs January 20, 2021 President Biden Proposes Certain Tax Benefits in the “American Rescue Plan”

President Joe Biden is expanding the child tax credit and earned income credit as part of his newly unveiled Coronavirus (COVID-19) relief initiative. The American Rescue Plan is part one of an emergency legislative package and includes several item…

Articles January 18, 2021 NY Property Taxes in a COVID/Post-COVD Environment

New York property owners will need to rely on the administrative and judicial appeal process to address the myriad of problems confronting the real estate industry, including excessive property taxes.

Articles January 18, 2021 Final Regulations Issued on Treatment of Carried Interests

Treasury and the IRS and Treasury issued final regulations under IRC Sec. 1061 (“Partnership Interests Held in Connection with Performance of Services”), which was added to the Internal Revenue Code by the 2017 Tax Cuts and Jobs Act. ”).

Blogs January 18, 2021 Don’t Let Your Fraud Guard Down During the New Normal

As the economic recovery from the pandemic inches along, business should be mindful to not let up their guards when it comes to fraud mitigation strategies.

Blogs January 15, 2021 What to Expect from This Year’s Super Bowl Ads

A look at how this year’s Super Bowl ad spending and creative may be different given recent challenges such as a pandemic, political instability and the fight for racial justice.

Articles January 15, 2021 What You Need to Know About U.S. Investment in Foreign Real Estate

Tax and non-tax considerations in owning or investing in foreign real estate in a foreign country, tax credits and reporting requirements.

Blogs January 15, 2021 Be on the Alert for IRS Inquiries Regarding QOF Investment

The IRS is strictly enforcing the above reporting requirements for qualified opportunity zones and qualified opportunity funds, including the proper filing of Forms 8996, 8997 and 8949.

Blogs January 14, 2021 Custody of Digital Asset Securities by Broker-Dealers

The SEC has provided guidance that would permit a clearing special purpose broker dealer to self-custody digital asset securities regarding distributed ledger technology.

Blogs January 14, 2021 Partner Home Office Deductions Under COVID-19

An overview of how members of a partnership can take a home office deduction in light of the coronavirus pandemic.