Drums. Do you hear them? Along the western shore of the Hudson River.[i] It seems that the unrest which began in New England earlier this year is spreading into the Mid-Atlantic States.[ii]
The owner of a New York
Latest from Tax Law for the Closely Held Business - Page 3
The “Art” of Operating Foundations: A Public-Private Venture
In the Beginning
From the dawn of recorded history, those who have the means have purchased or otherwise financed the work of those whom we call artists – talented individuals capable of producing what we call works of art, but
Forget Congress: The IRS Needs to Reverse Course On The Deduction of Business Expenses Paid with PPP Loan Proceeds
Round Two
“Painful social lockdowns in Europe and some American states helped blunt the coronavirus. Now, amid a fitful reopening, the pandemic is once again surging.”
So begins an article on the front page of last weekend’s Wall Street Journal.
The Election, the Democrats’ Tax Proposals, and Year-End Tax Planning: Caught Between Scylla and Charybdis
What a Week
There is no denying that last week’s political events were historic; one can only hope they were aberrational.
The week began with the Sunday New York Times publishing a story in which it claimed to have obtained
Intra-Family Loan: A Gift Alternative In Turbulent Times?
Woe to Us?
We live in strange times.
The coronavirus pandemic hit the United States hard, the scientific community fears a second round later this year, and there have been wildly differing estimates over when an effective vaccine may be
Continuing Economic Distress: Withholding Taxes and the Risk of “Self-Help”
The Threat of Higher Taxes, & The Sirens’ Song of Tax-Saving Schemes
What a Mess
A “perfect storm” may be defined as a critical state of affairs arising from the convergence of a number of negative factors, often after the unexpected introduction of some catalytic event.
The situation in which we find
NYC Real Estate: Post-Virus Tax Planning Can Help
NYC Real Estate on the Ropes
In March of this year, the Department of Homeland Security classified real estate as an “essential business.”[i] I imagine that the person in Washington who suggested that real estate be added to the
Transfer of Funds between Related Entities – Indebtedness or Something Else?
A closely held business may come to our firm for any number of reasons. The owners may be selling the business, for example, or they may be thinking about spinning off a division. In some cases, the owners are considering
Responding to the Democratic Party’s Tax Plans
The Convention
The Democratic Party’s “virtual” convention last week seems to have gone pretty well. All the stars of the Party’s firmament were on hand and spoke in “virtually” one voice in their assessment of the individual who currently occupies