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IRS final regulations that align the deemed income inclusion with the dividends received deduction (“DRD”), aka the participation exemption. It provides a treatment for earnings of a controlled foreign corporation (CFC) that are repatriated to a qualified corporate U.S. shareholder.

Is it financially worth it to have dual citizenship from the U.S. and another country? The Royal Baby will have the advantage of dual citizenship should his parents choose. However, will they take advantage of the sought-after American citizenship?

An examination of the considerations for first-time filers of Form 5471, used by U.S. Shareholders of Foreign Corporations to report the activity and potential deemed inclusions to those same shareholders.

The IRS released proposed regulations dealing with withholding under IRC Sec. 1446(f) “Special Rules for Withholding on Dispositions of Partnership Interests.” The proposed regulations generally follow the guidance provided in Notice 2018-29.

Health care discussion about the Affordable Care Act and its impact on Long Island and across New York State. Also discussed was the unemployment statistics on Long Island and how to keep the younger people on Long Island to balance out and lower or maintain health care costs.

Businesses looking to move or expand into Long Island is increasing. Stew Leonard’s announced plans to build its first store on Long Island. Noodles & Company is planning to open four locations on Long Island and National Synchrotron Light Source II facility is a recent development.

The 2015 Queens Real Estate Conference brought together experts in the fields of residential, commercial, and industrial real estate development. Current trends in the borough’s real estate market were discussed as well as the outlook for the future.

The Annual Real Estate Weekly Women’s Forum was held in New York City. About 500 of New York City’s most powerful and innovative women developers, owners, investors and other principals attended the event to share their insights into the ever-changing world of New York real estate.

Mitt Romney visits Long Island with venture capital as topic. Romney suggested to get venture capital onto Long Island, business leaders should make opportunities a priority at our local colleges and universities to make it more attractive to be here and expand, rather than to pack up and leave.

According to a recent study, almost a third of young adult Long Islanders who responded said they were planning on leaving Long Island. Long Island lost 15% of 20-34 year olds during the last census while nationwide it grew by 5%. Read more about the Long Island study.

A common theme of the event was the Long Island Brain Drain. How do we keep young professionals on Long Island? Discussion topics focused on employment opportunities, infrastructure and housing on Long Island including a discussion of Copper Beech Village and Village of Patchogue.

Suffolk OTB Casino Update. Despite local opposition from residents and town officials, Suffolk OTB is still making headlines across Long Island New York, moving forward with its casino proposal without the approval of local Suffolk County officials.

Suffolk OTB has plans to offer 1,000 video lottery terminals in Medford. They have recently acquired the former Brookhaven Multiplex movie theater. Suffolk lawmakers have asked the NYS gaming commission to disallow the casino proposal.

Since legalizing adult-use recreational cannabis, California has generated nearly $4 billion in tax revenue from its sales; however, the California Department of Tax and Fee Administration (“CDTFA”) reports that cannabis businesses, both licensed and unlicensed, owe nearly $200 million in unpaid state taxes. As a result, in recent months the CDTFA has increased raids and seizures of unauthorized cannabis production properties and assets.

This content focuses on a critical concern facing the U.S. regarding existing supply chain challenges: the upcoming negotiation between two major shipping and labor entities on the West Coast.

A recap of a recent event where industry leaders discussed new trends and insights impacting business licensing, changing regulations, and new retail and research operations in the growing cannabis industry.

This article discusses how, as employers continue to struggle recruiting and retaining employees and states across the U.S. lift their restrictions on cannabis use, many companies are considering lifting pre-existing drug-testing polices when hiring.

This post takes a look at how, as more states continued to pass legislation to legalize recreational cannabis, the number of federal trafficking charges began to drop year-after-year.

The House voted in favor of passing Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, which would end federal cannabis prohibition and create opportunities for social equity in the market. The bill now moves to the Senate.

Travis Epp gives an webinar overview of “An Economic Update in Turbulent Times” that explores various global economic issues.