Blogs

Blogs
September142020
TAX TALK: Questions and Concerns About Deferring Employees’ Social Security Taxes

The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain payroll tax obligations. The three-page guidance […]

September142020
T&E TALK: Planning with the Increased Exemption Amounts, While they Last…

The federal gift, estate, and generation-skipping transfer (“GST”) tax exemptions are currently at an all-time high of $11.58 million per individual for 2020 ($23.16 million for a married couple).   However, […]

September082020
SALT TALK: New York City Interest Rate Reduction for Late Payment of Real Property Taxes

My colleague Richard Goldstein reports on recent New York City legislation reducing the late payment interest rate for property taxes due on July 1, 2020 for eligible property owners impacted […]

September082020
TAX TALK: Back-to-School Tax Breaks

Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person, or under a hybrid schedule. In any event, parents may be eligible for certain tax […]

September082020
T&E TALK: Estate Planning and Divorce

If you’re going through a divorce, you probably feel overwhelmed. Not only is it a difficult time emotionally, but there are a lot of legal and financial decisions you have […]

August312020
SALT TALK: Who Let the Dog Out? – Legislation by Administration Leads to Confusion

I’ve never been without a pet and have always considered them to be family members, not tangible personal property. Apparently, the New York State Department of Taxation and Finance agreed […]

August312020
TAX TALK: Will You Have to Pay Tax on Your Social Security Benefits?

If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will you have to pay? It depends […]

August312020
T&E TALK: Five Good Reasons to Turn Down an Inheritance

A loved one has just left you a bequest—but should you accept it?  You are now in the unique position of doing what is called “post mortem” planning. If you […]

August242020
TAX TALK: Can’t Pay Taxes? What’s Next?

While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you know) can’t pay taxes on time? Here’s […]