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HOT TOPICS / INSIGHTS Client Alerts

Hot Topics / Insights

April202017
New York State Enacts 2017 – 2018 Budget Legislation

Wayne Berkowitz, CPA, J,D., LL.M. 04.20.2017 | Client Alert New York State has finally enacted the budget for the 2017-18 fiscal year. Passage was delayed due to many controversial proposals, […]

March162017
Value of Artwork Before the Dirt Clears: Estate of Kollsman v. Commissioner

Fred E. Chilkowitz, CPA, ABV, ASA and Kathryn E. DeMello 03.16.2017 | Client Alert Numerous Tax Court decisions have addressed valuation adjustments for noncontrolling interests in closely held companies in […]

February152017
The PATH Act’s Impact on Depreciation

Taylor Ulezalka, CPA 02.15.2017 | Client Alert There are some important changes to depreciation resulting from the enactment of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), […]

January202017
New York State Driver’s License Requirement for Tax Year 2016

Berdon Tax Team 01.20.2017 | Client Alert Beginning this year, all electronically filed New York personal returns are required to contain driver’s license information. If you are required to file […]

January102017
Treasury, IRS Issue New Filing Requirements for Foreign-Owned LLCs

Marc Ausfresser, CPA, J.D., LL.M. 01.10.2017 | Client Alert On December 13, 2016 the Treasury Department and the IRS issued final regulations that require certain foreign-owned limited liability companies (LLCs) […]

November282016
Judge Blocks New Rules for Overtime Wages

Berdon Tax Team 11.28.2016 | Client Alert Update Just days away from a December 1, 2016 implementation of new overtime regulations, a federal judge has issued a nationwide injunction, bringing […]

November142016
The Return of 421-a

Nicholas Loguercio, CPA, CFE and Jon Scalzitti, CPA 11.14.2016 | Client Alert Don’t call it a comeback! A new agreement has been reached in the expired 421-a tax exemption program […]

November102016
New Partnership Audit Rules Require Planning Strategies

Berdon Tax Team 11.10.2016 | Client Alert The new rules set forth in the Bipartisan Budget Act of 2015 regarding partnership audits dramatically change how partnership audit adjustments will be […]

November082016
Government Continues Crackdown on Misclassification of Employees

Manufacturing | Distribution | Retail Practice 11.08.2016 | Client Alert States as well as the U.S. Department of Labor (DOL), seeking to recover potential lost tax revenue and to protect […]