Basic Principles
What does the term “gross income” mean to you? For most folks, it refers to the amount of money that is paid to someone in exchange for their services or property, or for the use of their property.
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Standing at 21
I’m delighted to share that FeedSpot has ranked TaxSlaw 21 in its list of the 100 Best Tax Blogs to Follow in 2026.
This blog is a labor of love, and it feels good to know that my weekly
Congress’s Continuing Quest to Restrict Executive Compensation at Charitable Organizations, With a Twist
The Latest
The IRS recently announced its intention to propose regulations relating to the 21 percent tax[i] imposed with respect to any “excess” executive compensation paid by certain tax-exempt organizations, including public charities and private foundations (i.e., charitable organizations),
Applying New York’s Convenience Rule to a Former Resident, Truly Remote Non-Resident Employee
Can It Get Worse?
I’m certain that most of us were disappointed with the Appellate Department’s decision last week in Prof. Zelensky’s continuing dispute with New York over its application of the notorious “convenience of the employer” test;[i] disappointed,
When is a Remote Employee Not Remote Enough to Escape New York Tax?
A client tells you that many, if not most, of their employees work remotely. How would you interpret that statement? It’s a matter of context, right?
In most cases it suggests that the employer-client has some sort of hybrid arrangement
If I Own the Corp, and the Corp Owns the Assets of the Business, Aren’t Those Assets Mine?
Personal Use
“But it’s mine!”
That’s not some toddler speaking.
You’ve just advised an entrepreneurial client for the “Nth” time that they should not treat the corporation[i] they control, and out of which they operate their business, as their personal
“For Want of a Nail” – A Poor Reason to Lose a Charitable Contribution Deduction
Encourage But Verify
“It is more blessed to give than to receive.”[i]
Undoubtedly, you’re familiar with the foregoing proverb that seeks to encourage “charitable behavior” among the members of society, and to dissuade them from pursuing only their innately
No Matter How Bad it Gets . . . Pay Your Withholding Taxes?
State of the Economy?
According to statistics released by the Administrative Office of the U.S. Courts for the twelve-month period ending Dec. 31, 2025, bankruptcy filings by businesses rose 7.1 percent and non-business filings increased by 11.2 percent. Total filings
Purchasing Residential Property in NYC: Coordinating State Tax and Beneficial Ownership Rules
Acquiring a NYC Residence
According to a recent report, Manhattan boasted the most expensive residential real estate market in the country last year. “Manhattan residents spend nearly five times the national average for housing.”[i]
That shouldn’t surprise anyone, considering
Tax Considerations for Individuals Targeted by New York’s Assault on Real Property Ownership
New York’s Assault on Real Property
Last month, New York’s governor announced that the State’s FY 2027 budget will include the enactment of an annual surcharge on second homes[i] in New York City that are valued at $5 million