Posts by Rosanna DiFilippo

tax considerations crypto
Tax Considerations for Investing in Cryptocurrency

This article discusses U.S. federal tax consequences for businesses and individuals that hold or transact…

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Realizing Tax Savings
How to Realize Tax Savings When Tax Rates Increase

If the Biden Administration’s proposed rate increases are enacted, the timing of income recognition and…

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SPACs tax issues
Tax Issues to Consider When Navigating a SPAC Transaction

In addition to understanding the benefits of using a SPAC, it is important that SPAC…

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tax deduction workplace retirement plans
Boost Tax Deductions by Adopting a Workplace Retirement Plan

Employers who could use a federal income tax deduction for 2020 can consider retroactively adopting…

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SPACs Tax Treatment Startup Expenses
Tax Treatment of Transaction Costs and Startup Expenses for SPACs

Creating a SPAC is not without expense. Some expenses are incurred pre-IPO, some will be…

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infrastructure package
Senate Approves Infrastructure Bill & Advances Budget Reconciliation Process

The Senate voted to advance a roughly $1 trillion infrastructure package consisting of "Infrastructure One"…

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Cryptocurrency Reporting Requirements Update
New Reporting Requirements for Crypto Transactions Included in Senate Infrastructure Bill

The Senate's proposed infrastructure bill would require cryptocurrency exchanges (or brokers) to report transactions to…

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SPAC Tax Treatment
Treatment of Tax Attributes for Special Purpose Acquisition Companies

There are various tax considerations and complexities that can have significant implications both during the…

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C Corp S Corp Partnership
Business Entity Determination & Key Tax Considerations

Existing businesses should evaluate their choice of entity — especially now, in light of President…

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SALT watch
SALT Watch: 5 Issues to Consider in 2021

Taxpayers need to be aware of the tax rules in the states in which they…

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