Industry Insights
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IRA Funding Structure Ruled a Prohibited Transaction

07.13.2016 | eVisor The Tax Court held that a couple participated in a prohibited transaction by personally guaranteeing loans to a company owned by their IRAs.1 This left them liable […]

IRS Expands Scope of Tax Relief for Identity Protection Services

07.13.2016 | eVisor Recognizing the increasing threat of identity fraud today, the IRS has expanded the scope of its tax treatment of identity protection services provided to employees to coverage […]

The IRS will not call you …

07.13.2016 | eVisor The increase in telephone scams, phishing activity, and identity theft has resulted in a new policy as of May 6, 2016, from the Internal Revenue Service: When […]

The State of the Real Estate Industry on Long Island: Co-operation Key to Future Development

Kayte Steinert-Threlkeld 05.17.2016 | LIBN: State of the LI Real Estate Event Developers, townships, and local governments on Long Island are working closer together than ever to create transit-oriented residential […]

Deduction for Investing in Energy Efficient Equipment

Berdon Tax Team 04.14.2016 | eVisor Internal Revenue Code Section 179D provides for a deduction for the costs of new energy efficient equipment installed in a commercial building. The recent […]

Patent Litigation Costs Can be Currently Deducted

Berdon Tax Team 04.14.2016 | eVisor Whether attorney’s fees and other costs in business litigation can be currently deducted has always been a thorny issue. The IRS recently ruled 1 […]

Hitting the “Wall of Maturities

David Winzelberg 04.01.2016 | Long Island Business News It’s time to pay the piper. That’s what many owners of highly leveraged commercial properties are hearing these days, especially those who […]

IRS Loosens Restrictions on Cuba

03.24.2016 | eVisor As diplomatic relations with Cuba continue to open, the IRS has issued a revenue ruling removing some restrictions on income earned in the island nation1. Previously, restrictions […]

The Tax Scamming Season is On – What to Watch For

While tax scammers are active throughout the year, they are at their most aggressive during tax season. To alert taxpayers to be vigilant, the IRS releases a list of the […]