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HOT TOPICS / INSIGHTS Client Alerts

Hot Topics / Insights

October072021
Deadline Approaching – October 15 Deadline to Opt Into the Pass-Through Entity Tax (PTET)

Sarah S. Kim, J.D., LL.M. 10.7.21 | Client Alert October 15 Deadline If you wish to participate in the optional PTET for 2021, the deadline to opt in is October […]

September282021
Proposed Tax Reform Significantly Impacts Estate Planning—What You Should Do Now

Ada Clapp, J.D. 9.28.21 | Client Alert As you have likely heard, on September 13, 2021, the House Ways and Means Committee released its proposal for revenue raising tax changes […]

September092021
Pass-Through Entity Tax Additional Guidance Finally Issued by New York State

Berdon Tax Team 9.9.21 | Client Alert The October 15, 2021 deadline is quickly approaching for making the New York State Pass-Through Entity Tax (PTET) election for 2021. The New […]

August242021
Navigating the New York Pass-Through Entity Tax – A Handy FAQ Guide

Berdon Tax Team 8.24.21 | Client Alert PTE Tax Basics Question:  What is the New York Pass-Through Entity (PTE) tax? Answer:  It is an optional tax imposed on the net […]

August192021
NFTs Draw Scrutiny from IRS

Lisa Goldman, CPA, TEP, M.Tax 08.19.21 | BERDON VISION The popularity of non-fungible tokens (NFTs) is skyrocketing, with artwork, music, and sports memorabilia being the tip of the digital assets […]

August052021
Crypto “Staking” – What is it and what are the tax implications?

Naya Pearlman, CPA, J.D., LL.M. 08.05.21 | BERDON VISION As crypto transactions become mainstream, “staking” is becoming more common. Staking describes a way of being rewarded for participating in the […]

August022021
SBA Announces Borrower-Friendly Paycheck Protection Program Initiatives

Joseph Most, J.D. 08.02.21 | Client Alert SBA Direct Forgiveness Portal On July 29, the Small Business Administration (“SBA”) announced that it will be launching a new direct Paycheck Protection […]

July262021
Why Implement a Qualified Retirement Plan?

John Fitzgerald, CPA 7.26.21 | Berdon Vision The headline in the lead editorial of the April 8, 2021, Wall Street Journal states: “New York Taxes Go Skyscraper High.” This is […]

June082021
The NYS Pass-Through Entity Tax … Pay This Tax To Pay Less Tax

Wayne K. Berkowitz, CPA, J.D., LL.M. and Richard Goldstein, J.D. 6.8.21 | Client Alert For tax years beginning on or after January 1, 2021, eligible pass-through entities may elect to […]