Wealth preservation issues and strategies for multigenerational wealth; how to prioritize grantor intent for future generations while minimizing taxes and reducing conflict.
American labor market dynamics remain tilted toward sustained strength in hiring and rising wages.
New York allows a limited window to opt-in to the New York City pass-through entity tax; bright-line nexus threshold standards adopted for city corporate income tax.
personal income and spending in July signaled a gradual rebound of the economy in the third quarter after six months of declines in gross domestic product.
Many anticipate that the 2022 state and local elections will greatly affect tax policy. Learn the significant talking points in this article.
The Inflation Reduction Act of 2022 imposed a new 15% alternative minimum tax on large corporations. Notably, the tax is based on a corporation’s financial statement income (with adjustments).
IRS guidance helps taxpayers navigate the transition from existing rules for claiming EV credits to new rules enacted by the IRA including ways to verify an EV vehicle will qualify going forward.
Modernizing business processes has never been more crucial for mission-driven organizations. Key indicators let nonprofits know it may be time to upgrade their technology.
The Inflation Reduction Act of 2022 includes significantly expanded renewable fuel credits that support goals of carbon emission reductions.
You have mapped out your estate plan and feel confident in its estate tax efficiency. However, it is important to consider the income tax ramifications of each decision throughout the planning process to avoid unintended consequences.