Tax Updates

On August 23, 2018, the IRS issued proposed regulations which provide new guidance on the amount of charitable contribution deductions a taxpayer would get if they receive or expect to…

The U.S. Supreme Court ruled in South Dakota v. Wayfair that internet retailers who sell into South Dakota (even if they have no property or employees in South Dakota), will be subject to…

Connecticut Governor Dannel Malloy, signed on May 31, 2018 Senate Bill 11, a bill that is in response to the federal tax reform.  This bill includes a new pass-through entity…

The recently enacted New York State 2018-2019 budget has brought about much change, including the application of sales and use tax on the restaurant, catering and hospitality industry.  New York…

A discussion draft has been disseminated by the New York State Department of Taxation and Finance that establishes several state-level tax reforms to preserve state and local tax deductibility for…

Today, President Trump signed into law the Tax Cuts and Jobs Act (H.R. 1) bill. This Tax Alert is an update to the Tax Alert which was published on December…

As 2017 comes to an end, our country is facing sweeping tax reform changes that will affect donations to tax exempt organizations. For some taxpayers, the cost benefit of contributing…

On December 15, 2017, the House of Representatives and Senate unveiled their joint committee conference report containing the final version of the Tax Cuts and Jobs Act (H.R. 1). The…

On November 2, 2017, House Republicans unveiled their much-anticipated tax reform legislation, the Tax Cuts and Jobs Act (HR 1) (“House Bill”). As various parts of the House Bill and…