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Hot Topics / Insights
November212022
What Is the 179D Deduction, and How Can You Benefit?

The 179D deduction is not new, but the Inflation Reduction Act (IRA) changed its application and mechanics while greatly increasing the maximum potential benefit. This post is an overview of […]

October242022
Strategize for Next Year – No Time Like the Present

As a tax advisor, I am regularly in a position where I wish I knew about certain events earlier. With time, I can generally deal with issues to maximize the […]

October192022
2022-23 Tax Planning Guide – Claim Opportunities That Fit Your Circumstances

10.19.22 | Client Alert Tax Planning Guide Updates in Real Time This year’s Inflation Reduction Act, the still impactful Tax Cuts and Jobs Act of 2017 (TCJA), and ongoing chatter […]

September122022
Why Would a Married Couple File Separate Tax Returns?

If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing […]

August252022
Extended Due Date Reminder – 2022 New York Pass-Through Entity Tax Deadlines on September 15

BERDON STATE & LOCAL TAX TEAM 8.25.22 | Client Alert As discussed in our previous alert, eligible pass-through entities (PTEs) that missed the original March 15 New York Pass-Through Entity […]

August152022
Defer Tax with a Like-Kind Exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” […]

July262022
Considerations When Converting Your Home into a Rental Property

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the […]

June272022
Applying the Research Tax Credit Against Payroll Taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex […]

May232022
Understand the Tax Mechanics in the Sale of Trade or Business Property

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. To simplify […]