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HOT TOPICS / INSIGHTS Client Alerts

Hot Topics / Insights

April012022
Proposed Minimum Income Tax on Super High Net Worth Individuals

BERDON TAX TEAM 4.1.22 | Client Alert Premise: Beginning in 2023, individuals with a net worth in excess of $100 million would pay a minimum annual income tax of 20% […]

March242022
Inherited IRAs Less Generous Per New IRS Guidance

Berdon Personal Wealth Services Team 3.24.22 | Client Alert At the end of 2019, the Secure Act (“the Act”) introduced the 10-year rule, requiring most non-spouse designated beneficiaries (non-eligible designated […]

March212022
New Hire Reporting to NYS Extended to Some Independent Contractors

Berdon State and Local Tax Team 3.21.22 | Client Alert Effective January 1, 2022, employers are required to report individuals under an independent contractor arrangement with contract(s) in excess of […]

March032022
Ukraine-Russia Conflict Demands Heightened Cybersecurity Vigilance

Clifford Forrester, CIO 3.3.22 | Client Alert The Ukraine-Russia conflict has raised the very real possibility of reprisal cyberattacks by Russian government-sponsored threat groups and threat actors with a pro-Russia […]

March022022
Important March 15 Deadline for 2021 and 2022 NYS Pass-Through Entity Tax

Berdon State and Local Tax Team 3.2.22 | Client Alert There are a few actions that taxpayers must complete by March 15, 2022 with respect to both the 2021 and […]

February172022
IRS Offers Tax Refund in Crypto Staking Case

Naya Pearlman, CPA, J.D., LL.M. 2.17.22 | Berdon Vision On December 12, 2021, the Internal Revenue Service (IRS) offered a tax refund to the plaintiffs in a closely followed crypto […]

January202022
Excess Business Losses – Where We Stand Today

Berdon Tax Team 1.20.22 | Client Alert The Tax Cuts and Jobs Act (TCJA), enacted in 2017, reformed the income tax treatment of business losses for individual taxpayers and those […]

December202021
2021 Highlights – Articles that Caught Your Attention

12.21.21 | BERDON Vision A new administration, determined steps toward economic recovery, and armloads of questions about where we are heading regarding taxes, regulations, and the still unsettled pandemic punctuated 2021.

December082021
NYS Mandated Retirement Plan Options – A Deeper Dive

12.8.21 | Client Alert Erica Rice, CPA Following up on our Client Alert New York State Enacts Mandatory Retirement Plan for Private Sector Employees, we take a deeper dive into […]