Client Alerts

Client Alerts
Hot Topics / Insights
February072019
Becoming Less Valuable: S Corporation “Reasonable Compensation” in Light of IRC 199A

Evan Fox, J.D., LL.M. 02.07.19 | Client Alert Under Internal Revenue Code (IRC) Section 1366, shareholders of S Corporations report their share of net income as if it were directly […]

February052019
Section 199A: Treasury Regulations Answer Many Questions

Joseph Most, J.D. 02.05.19 | Client Alert Many, but not all, of the questions left open by Code Section 199A, the new provision added by the Tax Cuts and Jobs […]

January252019
Shifts in NYC Property Values Drives Tax Certiorari Changes for Property Owners

Yesterday, The Council of the City of New York approved a local law amendment increasing the audit requirement threshold from $1 million of assessed value to $5 million of assessed […]

September132018
New Leasing Standard — Compliance Yields Benefits

David Chimon, CPA 09.13.2018 | Client Alert The fundamental change coming to organizations that lease buildings, equipment, or other assets is no longer on the distant horizon. It is nearly […]

July092018
Opportunity Zones Created to Incentivize Investments in Low Income Communities

Berdon Tax Team 07.09.2018 | Client Alert The Tax Cuts and Jobs Act (TCJA) added new Code sections 1400Z-1 and -2 to incentivize investment in certain designated low income or […]

February152017
The PATH Act’s Impact on Depreciation

Taylor Ulezalka, CPA 02.15.2017 | Client Alert There are some important changes to depreciation resulting from the enactment of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), […]

November142016
The Return of 421-a

Nicholas Loguercio, CPA, CFE and Jon Scalzitti, CPA 11.14.2016 | Client Alert Don’t call it a comeback! A new agreement has been reached in the expired 421-a tax exemption program […]

November102016
New Partnership Audit Rules Require Planning Strategies

Berdon Tax Team 11.10.2016 | Client Alert The new rules set forth in the Bipartisan Budget Act of 2015 regarding partnership audits dramatically change how partnership audit adjustments will be […]

November032016
Real Estate Developers: IRS Guidance on the Treatment of Reduction of Debt

Berdon Tax Team 11.03.2016 | Client Alert The IRS recently issued Revenue Ruling 2016-15 which offers guidance on the circumstances under which real estate developers realize income as a result […]