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The Netherlands and Chile Sign a Tax Treaty

March 16, 2021

The Netherlands has a broad tax treaty network. However, a tax treaty between the Netherlands and the Republic of Chile was never signed – until now. On Jan. 25, 2021, the Netherlands and Chile signed a convention for the elimination of double taxation with respect to taxes on income, capital, and the prevention of tax evasion and avoidance (the Treaty). The Treaty contains clauses to prevent tax avoidance and the payment of double taxation. Currently,…

Legacy Advisors

Tax Hurdles on Equine Acquisitions

By Greenberg Traurig, LLP

March 12, 2021

Greenberg Traurig Shareholders Erik de Bie and Glenn Newman presented on how state and local sales and use taxes can be traps for the unwary when purchasing or selling horses and how each tax authority has its own exemptions and rules for imposing sales and use taxes. With the elimination of the requirement to have physical presence in the state for sales tax purposes after the U.S. Supreme Court decision in Wayfair, the potential exposure…

Legacy Advisors

U.S. Tax Issues for Equine Professionals

By Barbara T. Kaplan, Scott E. Fink & Courtney A. Hopley

March 10, 2021

Welcome to the United States! Now it is time to pay your taxes. Equine professionals such as jockeys, showjumpers, trainers, or horse owners who travel to the United States to work or compete may be unaware of the U.S. tax implications of their activities. The failure to comply with U.S. tax laws can result in significant tax liabilities, penalties and interest, so it is important to pay attention to these issues early. Continue reading the …

Legacy Advisors

Glenn Newman Presents on ‘Computer Assisted Mass Appraisals’ at Virtual 2021 ABA/IPT Advanced Tax Seminars

By Greenberg Traurig, LLP

March 9, 2021

On Friday, March 19 at 3:15 p.m. EST, join GT Shareholder Glenn Newman as he presents on “Computer Assisted Mass Appraisals” (CAMAs) at the virtual ABA/IPT Advanced Tax Seminars. Most often used by government agencies for determining the value of a large number of properties at the same time, CAMAs utilize automated computer analyses (most often as one of the many available software packages). The Virtual 2021 ABA/IPT Advanced Tax Seminars are designed for attorneys,…

Legacy Advisors

Residency Audits: What To Expect When You Move To Another State

By Glenn Newman

February 25, 2021

According to CNBC, New Jersey, New York, California, Connecticut and Illinois are the five states that had the most residents move away in 2020; they are also among the states with the highest state and local taxes. That is of significance because this shift may have started to occur after the Tax Cuts and Jobs Act of 2017 limited the federal deduction of state and local taxes to $10,000. Those with substantial state or local…

Legacy Advisors

Barbara Kaplan Presents on NYCLA Panel ‘IRS Initiatives Promoting Diversity, Inclusion and Elimination of Bias’

By Greenberg Traurig, LLP

February 17, 2021

On Feb. 17, GT Global Tax Practice Co-Chair Barbara Kaplan presented on a New York County Lawyers Association (NYCLA) Pro Bono Programs webinar, “IRS Initiatives Promoting Diversity, Inclusion and Elimination of Bias,” part of NYCLA’s “Promoting Equity, Diversity and Inclusion: Representation and the Multicultural Taxpayer” bias seminar program.…

Legacy Advisors

Glenn Newman Presents on Risk Strategies Panel: “Perspectives on Sales Tax Compliance Post-Wayfair”

By Greenberg Traurig, LLP

January 19, 2021

On Jan. 13, 2021, Shareholder Glenn Newman presented on a Risk Strategies panel titled “Perspectives on Sales Tax Compliance Post-Wayfair.” Click here to listen to the recording.…

Legacy Advisors

Marvin Kirsner Recognized as National Law Review ‘Go-To Thought Leader’ for Tax Law

By Greenberg Traurig, LLP

January 5, 2021

Shareholder Marvin Kirsner, co-chair of the firm’s State & Local Tax (SALT) Practice, has been recognized as a 2020 “Go-To Thought Leader” for Tax Law. Marvin focuses on corporate, transactional, and industry-specific tax issues. He is a prolific writer, frequently sharing insights on the evolving tax arena. Kirsner regularly authors GT Alerts, and is a contributor to several of the firm’s blogs. Read the full GT press release here.…

Legacy Advisors

Employee Retention Tax Credit Enhanced and Extended by COVID-19 Stimulus Package

By Marvin A. Kirsner

December 28, 2020

The Coronavirus Disease 2019 (COVID-19) stimulus package signed into law by President Trump on Dec. 27 contains significant enhancements to the employee retention tax credit enacted under the CARES Act. The credit initially provided a 50% tax credit, which is refundable and easily monetized, for companies that continue paying their employees, even though the business might be closed due to a COVID-19 lockdown, or suffering a significant decline in gross receipts due to loss of…

Legacy Advisors

Taxpayer Certainty and Disaster Tax Relief Act of 2020: Spotlight on the Proposed Extensions of Certain Alternative Energy Tax Credits

By Margaret J. Weil, Andrew W. Scher & Jeffrey A. Chester

December 23, 2020

On Dec. 21, 2020, Congress passed a COVID-19 relief bill (the Consolidated Appropriations Act, 2021) including the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which would provide much-anticipated extensions to critical alternative energy tax credits (including those for wind and solar projects) certain of which were on the brink of expiring. Generally, the bill provides for one- to two-year extensions depending on the energy generated from the project and modifies existing tax credit…

Legacy Advisors

Powered by GT Tax - A Greenberg Traurig Knowledge Product

The Netherlands and Chile Sign a Tax Treaty

Tax Hurdles on Equine Acquisitions

U.S. Tax Issues for Equine Professionals

Glenn Newman Presents on ‘Computer Assisted Mass Appraisals’ at Virtual 2021 ABA/IPT Advanced Tax Seminars

Residency Audits: What To Expect When You Move To Another State

Barbara Kaplan Presents on NYCLA Panel ‘IRS Initiatives Promoting Diversity, Inclusion and Elimination of Bias’

Glenn Newman Presents on Risk Strategies Panel: “Perspectives on Sales Tax Compliance Post-Wayfair”

Marvin Kirsner Recognized as National Law Review ‘Go-To Thought Leader’ for Tax Law

Employee Retention Tax Credit Enhanced and Extended by COVID-19 Stimulus Package

Taxpayer Certainty and Disaster Tax Relief Act of 2020: Spotlight on the Proposed Extensions of Certain Alternative Energy Tax Credits

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