By: William L. Bricker, Linda Galler, Inhyuk Yoo & Maria Pigna IRS Backlog The IRS is significantly behind in processing pre-2021 tax...

By: William L. Bricker, Jr., Maria Pigna, Inhyuk Yoo Our article posted on November 8, 2020, addressed a number of state and local tax...

By: William L. Bricker, Linda Galler & Inhyuk Yoo On September 17, 2021, the IRS Large Business and International Division (“LB&I”)...

By: Inhyuk Yoo and William L. Bricker On Monday, September 12, the House Ways and Means Committee released a summary of various tax hikes...

By: Juliya Ismailov The U.S. House of Representatives’ Ways and Means Committee issued a section-by-section outline of the tax proposals...

By: Juliya Ismailov On May 28, 2021, the U.S. Department of Treasury released the “General Explanations of the Administration’s Fiscal...

By: William Bricker, Juliya Ismailov, Inhyuk Yoo & Linda Galler U.S. tax issues facing accidental citizens of the United States have...

By: William Bricker & Juliya Ismailov When a foreign closely-held corporation owns a U.S. residence, often through a U.S. subsidiary, and...

By: Inhyuk Yoo, Maria Pigna & William Bricker In March 23, 2021, we addressed the most important aspects of President Biden’s proposed...

By: William Bricker & Maria Pigna Governor Cuomo signed the 2022 Budget Bill into law on Monday April 19, 2021. The effect of the new...

By: William Bricker, Linda Galler & Maria Pigna On April 6 and 7, 2021, the New York State Senate and Assembly each passed the state’s...

By: Juliya L. Ismailov and Inhyuk Yoo Under the Made in America tax plan issued by the U.S. Department of the Treasury (“Treasury...

By: William L. Bricker and Juliya L. Ismailov President Biden, true to his campaign platform, is planning the first major federal tax...

By: Juliya Ismailov For anyone who has substantial tax-deferred retirement assets in the US, it is important to understand that the US...

By: Juliya Ismailov On December 15, 2020, Governor Cuomo signed into law an amendment to the New York statute governing a Power of...

By: Linda Galler, William Bricker and Maria Pigna The New York State Fiscal Year 2020-2021 Budget Bill, signed into law by Governor Cuomo...

By: Maria Pigna, Rachel Trickett and William L. Bricker, Jr. On December 11, 2020, Congress passed a measure designed to curtail the use...

By: William Bricker, Jr., Linda Galler and Juliya Ismailov On Monday, December 21, 2020, Congress approved a $900 billion COVID-19 relief...

By: Juliya L. Ismailov At the end of 2017, the Tax Cuts and Jobs Act ("TCJA") restricted like-kind exchanges under Sec. 1031 of the Tax...

By: Rachel Trickett and Maria Pigna On Monday December 14, 2020, a group of bipartisan lawmakers introduced the Emergency Coronavirus...