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An itemized look at President Biden’s $1.8 trillion American Families Plan, a ten-year plan of increased federal government support of education, child care, paid leave, nutrition and families.

The IRS, in Notice 2021-21, has formalized a previous release extending the federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. This article also highlights additional details of the tax filing extension.

Credit card reward programs have gained in popularity over the years. Do the rewards earned constitute taxable income?

An overview of the Biden Administration’s $2.25 trillion infrastructure proposal.

Use EisnerAmper’s Year-End Tax Guide to identify opportunities to minimize tax exposure, accomplish your financial goals and preserve your family’s wealth. This guide includes all major tax law changes through March 11, 2021.

A discussion of the IRS’s proposed regulations on the deductibility of meal and entertainment expenses, as related to provisions contained in the Tax Cuts and Jobs Act

Use EisnerAmper’s Year-End Tax Guide as a tool to identify opportunities to minimize tax exposure, accomplish goals, and preserve family wealth. The Guide features coverage all major tax laws in effect as of February 15, 2020.

Our Personal Tax Guide highlights tax planning ideas that may help you minimize your tax liability. Use this guide to identify issues that may impact you, then discuss them with your tax advisor.

Key factors when determining the NOL utilization allowed in a given year for New York City partnerships is to look at the current-year percentage and the loss-year percentage.

In addition to determining whether Software as a Service (SaaS) is a taxable transaction, states also have to determine to which state the sales are sourced.

IRC Sec. 1202 allows holders of qualified small business stock (QSBS) to exclude between 50% to 100% of capital gains upon the sale of QSBS provided the stock meets a series of criteria.

Tax highlights of the Omnibus Appropriations Act, which includes the PATH Act. There are a number of provisions that may be of interest to the financial services/securities and business communities. This article contains an overview of the tax extenders and REIT provisions.

PATH extends many of the tax incentives and credits for businesses and individuals, which had expired. Some of these incentives have been permanently extended. Our guide provides extensive coverage of PATH, which should assist you in planning.

Chief Counsel Advice Memorandum's provide a strong indication of the IRS view on an issue such as options on basket of hedge funds. IRS CCA 201547004 concerns the federal income tax treatment of a taxpayer entering into an 'option' contract on a basket of U.S. and non-U.S. hedge funds.

Plan sponsors wishing to make mid-year changes to their plans must be vigilant with respect to the rules for updating the safe-harbor notice to plan participants, as well as seeking professional advice regarding any mid-year modifications.

Federal income tax treatment of OTC Foreign Currency Options was altered by the 6th Circuit. In Wright, the appeals court held that IRC Sec. 1256(g)(2)(A), OTC foreign currency options are Section 1256 contracts, and, accordingly, are subject to mark-to-market accounting.

2016-02-26 By Michael Aronow and Craig Ter Boss Michael Aronow is a partner and Craig Ter Boss is a principal in EisnerAmper’s Corporate Finance Group, specializing in valuation services for alternative asset managers. The recent increase in regulatory scrutiny regarding how asset managers value i

The Qualified Small Business Stock exclusion, also known as the Section 1202 exclusion, is a benefit that C corporations have over other entity types.

Understanding the nature of reimbursement fraud and improving controls can help prevent and detect these costly schemes. In 13.8% of all asset misappropriation cases reported, employee reimbursement frauds were present. Here are the types of expense reimbursement fraud.

Effective tax planning can reduce estate taxes, maximize the amount of funds available for retirement, reduce the cost of financing your children's education and assist you in managing your cash flow to help you meet your financial objectives.