wbrickerDec 15, 20203 minFinal Regulations Issued on Like-Kind ExchangesBy: 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...
wbrickerDec 15, 20201 minADDENDUM – “Proposed Coronavirus Relief: PPP Expenses; Remote Worker State Tax Issues"By: Rachel Trickett and Maria Pigna On Monday December 14, 2020, a group of bipartisan lawmakers introduced the Emergency Coronavirus...
wbrickerDec 14, 20204 minProposed Coronavirus Relief: PPP Expenses; Remote Worker State Tax IssuesBy: Rachel Trickett and Maria Pigna While “stimulus” COVID-19 relief may be uncertain, COVID-19 tax relief nonetheless may occur. While...
wbrickerDec 12, 20203 minPresident-Elect Biden’s Proposed Tax Plan Drives Tax Planning–Part IIBy: Maria Pigna and Rachel Trickett Certain provisions of the Biden Tax Plan could impact business planning. A lack of control of the US...
wbrickerNov 19, 20204 minIRS Signals Approval of SALT Cap WorkaroundBy: Rachel Trickett, Juliya L. Ismailov and Maria Pigna In Notice 2020-75, released on November 9, the Department of the Treasury and the...
wbrickerNov 8, 20205 minNew York-Based Employees Who Work Remotely Out-of-State Are Subject to New York Income TaxBy William L. Bricker, Jr., Rachel Trickett and Maria Pigna Taxpayers frequently anticipate that telecommuting from outside of New York...
wbrickerOct 25, 20205 minJoe Biden’s Proposed Tax Plan Drives Tax PlanningBy: William L. Bricker, Juliya L. Ismailov, Linda Galler and Rachel Trickett Partial Summary of the Biden Tax Plan [1] This note will...
wbrickerMay 18, 20203 minIRS Issues Rules to Preserve Some Deductions for Trusts, Estates and Their BeneficiariesBy: Juliya L. Ismailov Clients often ask us whether their trust should be a "grantor" or "non-grantor" trust. This is an income tax...
wbrickerMay 17, 20203 minIRS Relaxes “Substantial Presence” US Residency TestBy: Linda Galler and Juliya L. Ismailov The IRS has provided short-term relief to non-US persons who did not anticipate meeting the...
wbrickerMay 7, 20202 minCongress Introduces Legislation to Allow the "Double-Dipping" Deduction of PPP-Paid ExpensesBy: Juliya L. Ismailov In the wake of major legislation, known as the CARES Act (as discussed in this prior article), passed in late...
wbrickerMay 3, 20201 minIRS Issues Guidance on Deductibility of Business Expenses Paid by Payroll Payment Program LoansBy: Juliya L. Ismailov While the CARES Act is clear on the income tax treatment of the forgiven portion of a Payroll Payment Program...
wbrickerApr 28, 20203 minFederal Loans, Forgiveness and Taxes in the Time of CoronaBy: William Bricker, Linda Galler and Juliya Ismailov The Paycheck Protection Program (“PPP”) is a popular feature of the CARES Act...
wbrickerApr 23, 20202 minFederal Interest for Loans at Near-Zero Historic LowsBy: Linda Galler On April 18, the IRS issued Rev. Rul. 2020-11, establishing monthly applicable Federal rates (“AFRs”) for May 2020....
wbrickerApr 18, 20201 minRemote Will ExecutionsBy: Juliya Ismailov During the COVID epidemic and related emergency actions taken by state and federal governments, we have been asked if...
wbrickerApr 7, 20205 minSummary of Coronavirus Legislation, The CARES ActBy: Juliya Ismailov After the Senate previously passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748) on...
wbrickerApr 1, 20202 min3rd Part of Coronavirus Relief Package Passed: Business Loss Limitations SuspendedBy: Samantha Levokove On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”)...
wbrickerMar 31, 20201 minCoronavirus Relief Expanded to Federal Gift TaxesBy: Samantha Levokove The IRS has issued Notice 2020-20, amplifying the relief previously provided in Notice 2020-18. Notice 2020-20...
wbrickerMar 29, 20203 minAlert: Coronavirus Tax Filing and Payment UpdatesBy: Samantha Levokove, Linda Galler and William L. Bricker, Jr. In the wake of the novel coronavirus (COVID-19) pandemic, the IRS has...
wbrickerFeb 21, 20207 minElection Season, Exemption Sunset and Planning with US AssetsBy: William Bricker, Juliya Ismailov and Daniel King With the 2020 US presidential election season upon us, the million-dollar question...
wbrickerFeb 4, 20202 minUnited States v. Microsoft Ruling Limits Privilege with Accountants By: Samantha Levokove, Linda Galler and William L. Bricker Jr. A federal district court judge [1] has ordered Microsoft to comply with...