March 16, 2018 The Pass-Through Provisions of the TCJA The Tax Cuts and Jobs Act established a deduction based on a noncorporate owner’s qualified business income (QBI). It’s available … Read More
March 3, 2018 Insight For Long Term Capital Gain Treatment On Thursday, March 1, 2018, the Internal Revenue Service (IRS) issued Notice 2018-18 (the “Notice”) announcing the intention on the … Read More
February 27, 2018 Home Equity Borrowers Get Good News from the IRS If you’re considering a home equity loan, know that, as of Jan. 1, the rules have changed under the Tax … Read More
February 19, 2018 NY Commercial Rent Changes for Small Businesses On December 22, 2017, New York City Mayor Bill de Blasio amended New York City’s Commercial Rent Tax (CRT) Law … Read More
February 14, 2018 Families With College Students May Save On Their Taxes The recently passed Bipartisan Budget Act of 2018 included an extension of the tuition and fees deduction. But that may … Read More
February 6, 2018 TCJA Temporarily Lowers Medical Deduction Threshold The new tax law makes it easier to claim the medical expense deduction on your 2017 tax return. It provides … Read More
February 1, 2018 How Nonprofits Can Regain Their Tax-Exempt Status If your nonprofit has lost its tax-exempt status, you can apply to regain your status by filing Form 1023 or … Read More
January 27, 2018 Section 199A Deduction of Qualified Business Income of Pass-Through Entities On Friday, December 22, President Trump signed sweeping tax reform (the “Act”) into law. The Act provides the most comprehensive … Read More
January 27, 2018 NY Life Sciences Refundable R&D Tax Credit On January 24, 2018, The New York Department of Economic Development adopted the Life Sciences Research and Development Tax Credit … Read More
January 23, 2018 Can You Deduct Home Office Expenses? You might be able to deduct home office expenses for 2017 but not 2018. The difference may depend on whether … Read More
January 23, 2018 Section 965: Treasury Provides Additional Guidance Treatment of deferred foreign income upon transition to participation exemption system of taxation. Read More
January 22, 2018 Treasury Provides Guidance with Repeal of Section 958 On January 19, 2018, the Department of the Treasury and the Internal Revenue Service (collectively, “Treasury”) issued Notice 2018-13 (the … Read More