HOT TOPICS / INSIGHTS

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

By 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 […]

November162018
New Jersey Amnesty Program Launched – Runs Through January 15, 2019

Michael Gelbtuch 11.16.2018 | Client Alert The State of New Jersey has finally announced the start date of the recently enacted amnesty program. Effective November 15, 2018, the program will […]

November082018
Participate in NYS Employer Compensation Expense Program – December 1, 2018 Deadline

Wayne K. Berkowitz, CPA, J.D., LL.M. 11.08.2018 | Client Alert Participation and Election As a possible workaround to the limited SALT deduction, employers considering participation in the New York State […]

July172018
NJ Budget Impacts Individual and Business Tax, Calls for a Tax Amnesty

Michael Gelbtuch 07.17.2018 | Client Alert New Jersey’s Fiscal Year 2019 Budget was passed and signed into law by Governor Murphy on July 2, 2018 by way of several pieces […]

June202018
Connecticut Strikes Back

Wayne K. Berkowitz, CPA, J.D., LL.M. 06.20.2018 | Client Alert On May 31, 2018, Connecticut Governor Dannel Malloy signed into law Public Act No. 18-49, “An Act Concerning Connecticut’s Response […]

April192018
NYS Budget Attempts to Counter the TCJA

Wayne K. Berkowitz, CPA, J.D., LL.M. and Michael Gelbtuch 04.19.2018 | Client Alert The New York State Fiscal Year 2018 — 2019 Budget Bill (the Bill) was approved by the […]

March092018
State Tax Implications of Federal Tax Reform

Berdon Tax Team 03.09.2018 | Client Alert While the recently enacted Tax Cuts and Jobs Act (TCJA) has tax practitioners and taxpayers alike eager to see the federal implications carried […]

January192018
Supreme Court to Hear Internet Nexus Challenge

Berdon State and Local Tax Team 01.19.2018 | Client Alert In South Dakota v. Wayfair, Inc., et al, U.S., No. 17-494, the U.S. Supreme Court has agreed to revisit a […]

December282017
Prepayment of Real Property Taxes

Berdon Tax Team 12.28.2017 | Client Alert On December 27, 2017, the IRS issued IR-2017-210 (the Advisory), providing guidance on the deductibility for federal income tax purposes of prepaid property […]