Tax Updates

A discussion draft has been disseminated by the New York State Department of Taxation and Finance that establishes several state-level tax reforms to preserve state and local tax deductibility for…

Today, President Trump signed into law the Tax Cuts and Jobs Act (H.R. 1) bill. This Tax Alert is an update to the Tax Alert which was published on December…

As 2017 comes to an end, our country is facing sweeping tax reform changes that will affect donations to tax exempt organizations. For some taxpayers, the cost benefit of contributing…

On December 15, 2017, the House of Representatives and Senate unveiled their joint committee conference report containing the final version of the Tax Cuts and Jobs Act (H.R. 1). The…

On November 2, 2017, House Republicans unveiled their much-anticipated tax reform legislation, the Tax Cuts and Jobs Act (HR 1) (“House Bill”). As various parts of the House Bill and…

On September 29, 2017, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 (H.R. 3823) to provide temporary relief to taxpayers impacted by Hurricanes…

The White House issued “core principles” of its proposed tax reform plan yesterday, echoing many of the promises President Trump made during his campaign. While the plan leaves some questions…

While 2016 brought no significant changes to 1099 filing requirements (except due dates noted below), it is important that employers review and understand the existing compliance procedures.  Not only will…