Category: Tax

Second Circuit SALT
SALT Deduction Cap: Second Circuit Confirms States Have No Constitutional Claims to Challenge

On October 5, 2021, the United States Court of Appeals for the 2nd Circuit affirmed…

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Disaster Zone Credits
Disaster Zone Credits Extended for 2020

Employers affected by qualified disasters that occurred during 2020 may be eligible for relief up…

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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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partnership tax liability
Proposal Aims to Reduce Unintended Tax Liability for Certain Partnerships

All partnerships are subject to the BBA effective for tax years beginning after December 31,…

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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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estate tax planning 2021
Estate Tax Planning in 2021: What You Can Do Now

While the gift and estate tax exemption is scheduled to drop to approximately one-half the…

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carried interest
Will Congress Close the Carried Interest Loophole?

The Carried Interest Fairness Act of 2021 would seek to tax all carried interest allocations…

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Self-Employment Tax
The Self-Employment Tax Exemption May be Ending for Some Limited Partners

The recently published Green Book contains details on changes proposed by the Biden Administration that…

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House Committee Releases Tax Proposals
House Ways and Means Committee Releases Initial Tax Proposals

On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes…

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