Hot Topics / Insights
May082020
Suspension of Excess Business Loss Limitation for Tax Years 2018-2020 Presents Opportunities and Issues
Nastassia Koyfman, J.D., LL.M. 5.8.20 | Client Alert – COVID-19 Update The Coronavirus Aid, Relief, and Economic Security (CARES) Act temporarily suspends Internal Revenue Code (IRC) Section 461 business loss […]
May062020
SBA Provides Safe Harbor for Returning PPP Funds
Joseph Most, J.D. 5.6.20 | Client Alert – COVID-19 Update In the latest version of the Small Business Administration’s (SBA) frequently asked questions (FAQs), the SBA reminded borrowers to carefully […]
May062020
Historic Gifting Opportunity in the Time of COVID-19
Melissa Abbott, CPA, J.D., Marco Svagna, CPA, and Scott T. Ditman, CPA/PFS 5.6.20 | Wealth of Insights – COVID-19 Update The dramatic decline in asset values combined with historically low […]
May052020
General Overview of the Factors and Considerations in Terminating a New York City Domicile and Establishing a New Domicile only in New York State
Wayne K. Berkowitz CPA, J.D., LL.M. 5.5.20 | Client Alert – COVID-19 Update Domicile is generally defined as the place that an individual intends to be their permanent home – […]
May042020
Pandemic Heightens Need for Vigilant Cybersecurity
Alex Moshinsky, CPA 5.4.2020 – VISION2020 – COVID-19 Update During pandemics, just as during natural disasters, cybercriminals become even more opportunistic for a number of reasons, including the following: Cybercriminals […]
May012020
IRS Issues Notice Addressing Deductibility of Business Expenses Paid with PPP
Joseph Most, J.D. 5.1.20 | Client Alert – COVID-19 Update Last night, the IRS issued Notice 2020-32 which announced its position on the deductibility of business expenses paid with the […]
April282020
New Ways to Claim 2018-2020 NOLs Under CARES ACT
Nastassia Koyfman, J.D., LL.M. 4.28.20 | Client Alert – COVID-19 Prior to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Tax Cuts and Jobs Act (TCJA) eliminated Net […]
April272020
Major Life Shocks, Like COVID-19, Signal a Review of Your Estate Plan
Melissa Abbott, CPA, J.D. and Scott T. Ditman, CPA/PFS 4.27.20 | Wealth of Insights Generally, it is recommended that you review your estate plan at year end. It is a […]
April242020
IRS Issues New Guidance Addressing COVID-19 Travel Disruptions and the Impact on U.S. Tax Residency
Lisa Goldman, CPA, TEP, M.Tax | Rebeccah Fontaine, J.D., LL.M. of Berdon LLP Beth Tractenberg, J.D. | Zvi Hahn, J.D., LL.M., LL.B. | George McCormick, J.D., LL.M. of Steptoe & […]