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Friedman LLP

Tax Services

Tax Services

Helping you make wise tax planning strategies
  • Overview
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Overview

With constant challenges in an ever-changing tax landscape, how do you plan, and effectively commit resources, to minimize what may be one of the biggest line items on your income statement? How do you make the best decisions for yourself, for your business and for future generations?

Friedman’s tax advisory services, combined with a commitment to personalized attention, will help you set the stage for a sound financial future.

Tax compliance – completing your business and personal returns in a timely and strategic fashion – is a given. Friedman does much more. For more than 90 years, we have proven ourselves to be a strategic tax planning partner for our clients.

Here’s how:

  • Depth. With more than 150 professionals in our tax department, there is virtually no tax issue we cannot handle for you.
  • Foresight. Holding leadership positions on accounting society and government advisory committees, we are ahead of the curve on tax and financial developments and how they may impact you.
  • Value Added. As thought leaders in all areas of taxation, our tax alerts, newsletters, webinars and research studies bring you fresh ideas.
  • Continuity. Regularly ranked as a “Best Place to Work,” Friedman attracts and keeps the best and the brightest—bringing you consistency in your service team.
  • Personalized Attention. Looking at your particular situation, we bring you personalized advice that integrates your business, individual and family needs.

You can access tax advisory services in an array of specialized areas, including state and local tax, international tax, estate planning, tax controversy, and more. To learn more, please see the service menu or contact us or a Friedman advisor.

Service Menu

Corporate & Business Tax

Estates & Trusts

Private Client

International Tax

State & Local Tax (SALT)

Tax Controversy

Family Office 

Transfer Pricing

Insights & Events

  • March 1, 2021 Consolidated Appropriations Act, 2021 Provides Benefits to the Real Estate Industry

    The Consolidated Appropriations Act, 2021 (the "Act"), passed on December 27, 2020, included a $2.3 trillion spending bill to provide...

    Read more
  • March 1, 2021 Five Important Tasks for a Real Estate Debtor in Financial Distress:

    The commercial real estate market has experienced an increase in delinquencies for commercial mortgage-backed securities (CMBS) from 2.29% in April...

    Read more
  • January 20, 2021 [Access] Webinar Recording on the New Stimulus Bill

    Friedman's experts walked participants through critical details of the new stimulus bill, the Consolidated Appropriations Act of 2021. Access the complete...

    Read more
  • November 17, 2020 Blockchain Technology Firms’ Transfer-Pricing Issues

    Friedman's Farnaz Amini, Ph.D., and Adnan Islam, Esq., CPA, LL.M. were featured in a comprehensive article covering blockchain and transfer pricing....

    Read more
  • March 1, 2021 Consolidated Appropriations Act, 2021 Provides Benefits to the Real Estate Industry

    The Consolidated Appropriations Act, 2021 (the "Act"), passed on December 27, 2020, included a $2.3 trillion spending bill to provide...

    Read more
  • March 1, 2021 Five Important Tasks for a Real Estate Debtor in Financial Distress:

    The commercial real estate market has experienced an increase in delinquencies for commercial mortgage-backed securities (CMBS) from 2.29% in April...

    Read more
  • January 20, 2021 [Access] Webinar Recording on the New Stimulus Bill

    Friedman's experts walked participants through critical details of the new stimulus bill, the Consolidated Appropriations Act of 2021. Access the complete...

    Read more
  • November 17, 2020 Blockchain Technology Firms’ Transfer-Pricing Issues

    Friedman's Farnaz Amini, Ph.D., and Adnan Islam, Esq., CPA, LL.M. were featured in a comprehensive article covering blockchain and transfer pricing....

    Read more
  • November 17, 2020 Tax Audits Enforcement and the COVID-19 Pandemic

    David Shuster was featured in an exclusive interview with Accounting Today, covering how the pandemic will affect tax revenues.  “Given the magnitude...

    Read more
  • August 31, 2020 Treasury Issues Guidance on Payroll Tax Withholding Deferral

    With four days to spare before the effective date of Tuesday, September 1, Treasury finally released guidance implementing the President’s...

    Read more
  • August 27, 2020 The SBA’s Latest Guidance Analyzed

    Just when you thought it was safe to proceed with applying for Paycheck Protection Program (“PPP”) loan forgiveness, the Small...

    Read more
  • August 10, 2020 IRS Publishes Final Regulations on SALT Cap Workarounds

    Last week, the Treasury and IRS announced final regulations limiting the effectiveness of certain State and Local Tax (“SALT”) cap workarounds. Following...

    Read more
  • August 7, 2020 SBA Issues Yet Another PPP Loan Forgiveness FAQ

    As the Small Business Administration (SBA) gets ready to accept lenders’ Paycheck Protection Program (PPP) loan forgiveness applications on August...

    Read more
  • August 6, 2020 [Access Recording] Building Blockchain Infrastructure: Market Maturation Issues

    Thank you for joining our webinar. If you missed it or would like to view again, access it any time...

    Read more
  • July 31, 2020 IRS Clears Up Some Confusion on Business Interest Deductions

    The Tax Cuts and Jobs Act (“TCJA”) was the most sweeping overhaul of the Internal Revenue Code since President Reagan’s...

    Read more
  • July 28, 2020 IRS Finally Releases Business Interest Expense Regulations

    On July 28, the Internal Revenue Service finally released its guidance on the deductibility of business interest. We expected this...

    Read more
  • July 27, 2020 Michael Greenwald Speaks on PPP Loan Forgiveness Webinar with Obermayer

    Michael J. Greenwald, MPPM, CPA, Partner, Business Entity Tax Practice Leader spoke aboutPPP Loan Forgiveness in an exclusive webinar with Obermayer. Watch the full...

    Read more
  • April 23, 2020 [Access Webinar] Your Nonprofit and COVID-19

    Access the live recording of our virtual webinar where our nonprofit experts answered frequently asked questions in light of COVID-19,...

    Read more
  • April 13, 2020 Federal Reserve Publishes Terms for New Business Loan Programs

    Two Federal Reserve programs, the Main Street New Loan Facility and Main Street Expanded Loan Facility, which together will make...

    Read more
  • April 7, 2020 [UPDATED] Paycheck Protection Program Update

    Following the signing of the CARES Act, the Small Business Administration (SBA) and Treasury Department announced today that they have...

    Read more
  • March 25, 2020 UPDATED: IRS Tax Filing Guidance on Extensions

    On March 20, the IRS released a notice providing guidance for taxpayers with respect to the extension of time to...

    Read more
  • March 21, 2020 NYC Delays the Deadline to File Tax Appeal

    On the evening of March 20th, New York City's Mayor, Bill de Blasio, signed an executive order delaying the deadline...

    Read more
  • March 20, 2020 NYC to Waive Excise Tax Penalties for Late Filers

    On March 19, the Commissioner of New York City’s Department of Finance, Jacques Jiha, announced that New York City will...

    Read more
  • March 19, 2020 Treasury Proposes Coronavirus Relief Package Valued at More Than $1 Trillion

    The Treasury’s latest proposal for dealing with the economic dislocation caused by the coronavirus pandemic allocates more than $1 trillion...

    Read more
  • March 17, 2020 Developing: Mnuchin Proposes 90-Day Extension on Tax Payments

    According to comments at a press conference and throughout the day, Treasury Secretary Steven Mnuchin says the Treasury intends to...

    Read more
  • March 17, 2020 COVID-19 Response Measure: Send Data Digitally to Ensure Uninterrupted Service

    While the outbreak of COVID-19 continues to impede commercial travel in the regions affected, Friedman has measures in place that...

    Read more
  • February 14, 2020 Post Tax Reform Rules for Deducting Business Travel, Job Relocation, Meals and Entertainment: What can I expense?

    The Tax Cuts and Jobs Act (TCJA) of 2017 eliminated the entertainment deduction but kept the deduction for travel expenses...

    Read more
  • February 14, 2020 Qualified Opportunity Zones: Final Regulations Explained

    Qualified Opportunity Zones (QOZ) were first introduced as part of the Tax Cuts and Jobs Act and provide significant tax...

    Read more
  • February 13, 2020 An Inside Look at the 2020 Tax Season With Bob Charron

    Tax Practice Leader, Bob Charron, recently spoke with Accounting Today about the 2020 tax season. “In watching late-season football games, I...

    Read more
  • February 7, 2020 How to Make Filing Taxes Less Taxing

    Friedman Partner, Bruce Marks was recently featured in an article on how taxpayers can ease the burden of filing their...

    Read more
  • February 5, 2020 Webinar Recording: Commercial Rent and Transfer Tax Changes

    If you sell, buy or rent real estate in New York, you may be liable for new taxes following significant...

    Read more
  • January 24, 2020 The 2020 Tax Season May be Just as Chaotic as Last Year

    Friedman's Michael Greenwald recently provided Bloomberg with insight on the upcoming tax season, saying it will likely be just as difficult...

    Read more
  • January 15, 2020 Unraveling the Details of NJ's Pass-Through Business Alternative Income Tax Act

    Bob Charron sat with State & Local Tax Experts, Tom Corrie and Alan Goldenberg to find out everything you need...

    Read more
  • January 9, 2020 Tax Extenders Legislation and Its Impact on You in 2020

    Just before Christmas, the President signed the fiscal year 2020 appropriations bill which extended a number of tax benefits that...

    Read more
  • January 1, 2020 2019-2020 Tax Guide

    The elimination of familiar tax planning strategies under the Tax Cuts & Jobs Act (TCJA) in addition to potential changes...

    Read more
  • December 20, 2019 Ryan Dudley on Corporate Effective Tax Rates

    Co-Practice Leader of Friedman's International Tax Group, Ryan Dudley, recently shared insight with Fortune.com on effective tax rates and how...

    Read more
  • December 13, 2019 Year-End Tax Tips for Small Business Owners

    Elizabeth Cummings, a Tax Director in Friedman's Philadephia office, was recently featured in a year-end tax planning article written by the...

    Read more
  • November 22, 2019 Webinar Recording: Unraveling Wayfair One Year Later

    1 year and 43 states later, grasping the widespread changes created by the Wayfair Ruling on sales tax is still...

    Read more
  • November 21, 2019 State and Local Tax Issues are Getting More Complex

    Director of Friedman's State and Local Tax (SALT) Group, Tom Corrie, recently discussed how SALT issues are becoming more and...

    Read more
  • November 20, 2019 Tax Implications of Kylie Jenner's Big Money Partnership Deal

    Friedman's Business Entity Tax Practice Leader, Michael Greenwald, and Tax Practice Leader, Bob Charron, recently discussed the tax liabilities that...

    Read more
  • November 19, 2019 Michael Greenwald's Presentation at Paths to Liquidity and Diversification

    Watch Partner and Business Entity Tax Practice Leader, Michael Greenwald's recent presentation at "Paths to Liquidity and Diversification," where four firms...

    Read more
  • November 19, 2019 Bob Charron's Presentation at Paths to Liquidity and Diversification

    Watch Partner and Tax Practice Leader, Bob Charron's recent presentation at "Paths to Liquidity and Diversification," where four firms shared...

    Read more
  • November 1, 2019 SALT Deduction Workarounds: Where are We Now?

    More and more taxpayers are beginning to feel the impact of the Tax Cuts and Jobs Act’s $10,000 cap on...

    Read more
  • October 15, 2019 IRS Releases First Cryptocurrency Tax Guidance in Five Years

    On October 9th, the Internal Revenue Service (IRS) issued the first cryptocurrency tax guidance since 2014, advising digital currency holders...

    Read more
  • September 27, 2019 Webinar Recording: Reduce Your State Tax Liability - Navigating Apportionment Rules

    For businesses operating across multiple states, it’s critical to understand the impact of complex apportionment rules on your overall tax...

    Read more
  • July 8, 2019 Michael Greenwald on 1031 Exchanges

    Friedman's Corporate and Business Tax Practice Leader, Michael Greenwald, recently discussed the appeal of 1031 Exchanges with Forbes. A 1031 Exchange...

    Read more
  • June 27, 2019 Large Corporations Aren't Moving Back to the U.S. Just Yet

    Allergan Plc, a drug company that moved to Ireland in 2015 to avoid U.S. taxes, has been acquired by AbbVie Inc. signaling...

    Read more
  • June 26, 2019 Alan Goldenberg on New York and New Jersey Residents Moving Out

    Many individuals are looking for ways to mitigate the financial burden brought about by the $10,000 SALT Deduction cap in...

    Read more
  • June 20, 2019 The Cap on State and Local Tax Deductions Is Driving High-Tax State Residents Out

    Friedman's Alan Goldenberg recently sat with Fox Business to discuss the widespread impact the cap on state and local tax...

    Read more
  • June 19, 2019 Michael Greenwald on Deferred Sales Trusts

    Corporate and Business Tax Practice Leader, Michael Greenwald, recently spoke with Forbes on Deferred Sales Trusts. Greenwald says that a required...

    Read more
  • June 18, 2019 IRS Bars SALT Deduction Workarounds

    As expected, the IRS on Tuesday put the kibosh on state programs designed to help taxpayers circumvent the newly imposed...

    Read more
  • June 14, 2019 International Tax Alert: Withholding Tax on Sales of Partnership Interests by Foreign Person(s)

    The Tax Cuts and Jobs Act (“TCJA”) imposed tax on gains derived from the disposition of interests in partnerships carrying...

    Read more
  • June 4, 2019 Tax Protocol for New York Marketplace Providers and Sellers

    Marketplace providers (i.e., Amazon and EBay) with taxable sales into New York must collect and remit sales tax once they...

    Read more
  • May 31, 2019 Steer Clear of Allocation Traps Created by the GST Tax

    The Tax Cuts and Jobs Act ("TCJA") doubled the generation-skipping transfer ("GST") tax exemption to $10 million beginning last year....

    Read more
  • May 31, 2019 Potholes in the Qualified Parking Expense

    Internal Revenue Code Section §274(a)(4), is one of the many provisions that were amended under the Tax Cuts & Jobs...

    Read more
  • May 24, 2019 Carl Bagell on Tax Law Frustrations

    Carl Bagell, Managing Partner of Friedman's Southern New Jersey office, recently spoke with NJBIZ on the challenges and uncertainties of this tax...

    Read more
  • April 3, 2019 Bob Charron Discusses Tax Reform Impact with Fortune

    Tax Practice Leader, Bob Charron was recently interviewed by Fortune about how changes to the tax code have affected individual tax...

    Read more
  • March 27, 2019 Outlook From The Inside: Key Tax Reform Updates Impacting You and Your Business

    Corporate and Business Tax Practice Leader, Michael Greenwald, shares the significant changes to the tax code brought along by the...

    Read more
  • March 21, 2019 How to Make the Most of Your Deduction Under the New Tax Code

    As an individual taxpayer, due to the large scale changes triggered by the Tax Cuts and Jobs Act ("TCJA"), you'll need...

    Read more
  • March 21, 2019 Launching a Fulfilling Career in the Tax and Accounting Space

    From "Summer Fridays" to flexible work schedules, our employees enjoy a work structure that puts their happiness in the center....

    Read more
  • March 18, 2019 Jo Anna Fellon on the Difficulties of This Tax Season

    Friedman's Jo Anna Fellon was recently quoted in an article by ROI NJ about the difficulties of this tax season. "It's a...

    Read more
  • March 8, 2019 Bob Charron on Mileage Tax Deduction

    Tax Practice Leader, Bob Charron gave his expert insight on claiming mileage tax deductions in a publication by US News and...

    Read more
  • March 6, 2019 Lights, Camera, Action. Kim Dula shares Tax Filing Tips with CNBC

    Managing Partner of our Philadelphia office, Kim Dula shared critical insights with CNBC about the significant effects the Tax Cuts and Jobs Act ("TCJA")...

    Read more
  • March 6, 2019 Jay Graham Joins Friedman LLP as Tax Partner in the Firm's Robust New York Office

    Friedman LLP is pleased to announce that Jay Graham has joined the firm’s New York office as a Tax Partner....

    Read more
  • February 11, 2019 Bob Charron on Tax Returns Under the Tax Cuts and Jobs Act

    Friedman's Tax Practice Leader, Bob Charron, was quoted by NBC News in an article on how tax returns have been affected...

    Read more
  • February 5, 2019 Opportunity Zones: Profit Potential In Underdeveloped Areas

    Qualified Opportunity Zone Practice Leader, Steve Bokiess, was featured in an article by Crain's New York Business regarding the high...

    Read more
  • February 1, 2019 VIDEO: Succession Planning

    Hear insights from tax partner Kim Dula on the importance of creating and regularly revisiting your succession plan. For guidance on...

    Read more
  • January 31, 2019 All Roads Lead Home: What You Need to Know About Your Domicile for Tax Purposes

    In the state personal income tax area, perhaps no subject is less understood than the concept of “domicile,” or what...

    Read more
  • January 31, 2019 For Partnerships, the Time to Act is Now: Key Insights for Selecting Your Partnership Representative

    Friedman’s tax experts have stayed on the pulse of changes surrounding the Centralized Partnership Audit Regime (CPAR), enacted as part...

    Read more
  • January 29, 2019 Bob Charron on Exemptions Under the Tax Cuts and Jobs Act

    Tax Practice Leader, Bob Charron, was recently quoted in an article by LifeHacker.com, "When You Should Itemize Your Taxes". In...

    Read more
  • January 25, 2019 Michael Greenwald on New Pass-Through Tax Deduction Rules

    After much waiting, the IRS has provided the final rules for the new 20% deduction for pass-through businesses. The final rules...

    Read more
  • January 25, 2019 Proposed Changes in Assessed Valuation Threshold for TC309 to Impact NYC Real Estate

    On January 24, 2019, the Tax Commission of the City of New York approved legislation to raise the threshold for...

    Read more
  • January 24, 2019 Qualified Opportunity Zone Podcast with Commercial Property Executive

    With 8,700 Qualified Opportunity Zones ("QOZ") covering the United States, now is the time to understand how you can take advantage...

    Read more
  • January 22, 2019 Setting up Non-grantor Trusts for Income Tax Savings Under TCJA

    Estate and income tax planning changed dramatically under the Tax Cuts and Jobs Act of 2017 (TCJA). For estate and...

    Read more
  • January 3, 2019 Michael Greenwald on Why Partnerships Need to "Look Under the Hood"

    Corporate and Business Tax Practice Leader, Michael Greenwald recently gave his expert advice to partnerships in an article published by Bloomberg BNA. Greenwald stresses the...

    Read more
  • January 2, 2019 David McKelvey Thinking Forward to 2019

    In Long Island Business News' issue on "Forward Thinking", Friedman's David McKelvey gave his outlook on what 2019 will be like...

    Read more
  • January 1, 2019 [Video Series] Unraveling Tax Reform -- Charitable Giving

    Watch this exclusive video featuring Jonathan Curry-Edwards, CPA on ways to help you maximize the tax benefits of your charitable contributions. Read the Transcript It’s...

    Read more
  • December 27, 2018 Kim Dula on How New Tax Laws Affect Charitable Giving

    Friedman's Kim Dula was recently quoted by Fortune on the effect new tax laws have on charitable donations. Dula says, "without...

    Read more
  • December 12, 2018 Jo Anna Fellon on Easing Nerves Over New Reporting Requirements

    Jo Anna Fellon, CPA, Partner gave her reassuring insights to Compliance Week in their article on companies' shift in tax...

    Read more
  • December 11, 2018 IRS Issues Proposed Regulations on Business Interest Expense Deductions

    As 2018 comes to a close and with the holidays upon us, the IRS has given us a gift in...

    Read more
  • December 4, 2018 Friedman LLP Names Kim Dula Managing Partner for Philadelphia Office

    PHILADELPHIA, December 5, 2018 -- Friedman LLP, a leading accounting, tax and advisory firm based in New York and with...

    Read more
  • November 26, 2018 Bob Charron Quoted by Consumer Reports

    Tax Practice Leader, Bob Charron, was recently quoted in an article by Consumer Reports on the deductability of large medical bills. "If...

    Read more
  • November 19, 2018 Inbound US Tax Issues for Middle Market Companies

    Friedman's Adnan Islam recently authored an article featured in Law360 regarding the tax changes brought along by the Tax Cuts and...

    Read more
  • November 13, 2018 New Jersey Tax Amnesty

    New Jersey will be offering a tax amnesty program to encourage taxpayers with outstanding taxes to pay the taxes they...

    Read more
  • November 13, 2018 Tax Guide 2018-2019

    Concerned how the latest tax developments may impact your 2018 tax strategies? As you head into your 2018 tax planning, this...

    Read more
  • October 19, 2018 Who Qualifies for a Business Income Deduction?

    The recently proposed Section 199A statute has raised many questions, including who may qualify for the new deduction of up...

    Read more
  • October 19, 2018 NOL Reform Makes Planning for the Future Even More Important

    The revised guidelines for Net Operating Loss (NOL) means top earners may not feel the full benefit of tax rate...

    Read more
  • October 19, 2018 3 Planning Strategies for the New Tax Landscape

    Throughout the year, the topic of tax reform has been a hot topic for many business owners and individual taxpayers....

    Read more
  • October 19, 2018 Assessing the Impact of Tax Reform on Individuals

    This year brought about the largest tax reform in 30 years, and many individuals are wondering how these changes may...

    Read more
  • October 19, 2018 5 Key Tax Cuts and Jobs Act Considerations

    With the end of 2018 quickly approaching, it is imperative business entrepreneurs assess significant changes under the Tax Cuts and...

    Read more
  • October 19, 2018 How Bunching Helps Maximize the Benefit of Charitable Donations

    While the Tax Cuts and Jobs Act raised the standard tax deduction, other deductions such as charitable gifts have been limited. Friedman's...

    Read more
  • October 15, 2018 Are you Personally Liable for Your Company's Payroll Taxes?

    When a business fails to remit payroll taxes, the IRS has the authority to collect those taxes from “responsible persons,”...

    Read more
  • October 15, 2018 Further guidance on business meal expense deductions under the TCJA

    The IRS recently clarified that the business meal deduction remains allowable in certain circumstances under the Tax Cuts and Jobs...

    Read more
  • October 15, 2018 For Partnerships, The Time to Act is Now: Key Insights for Selecting Your Partnership Representative

    Friedman’s tax experts have stayed on the pulse of changes surrounding the Centralized Partnership Audit Regime (“CPAR”), enacted as part...

    Read more
  • October 8, 2018 Webinar Recording: Navigating the New 199A Tax Guidance

    The IRS recently released the highly anticipated proposed regulations for Section 199A deductions. For self-employed individuals and pass-through entities, these...

    Read more
  • August 6, 2018 [Video Series] Unraveling Tax Reform -- Leveraging Trusts

    Take advantage of a new income tax planning opportunity leveraging trusts with key insights from Jonathan Curry-Edwards, CPA.  Read the Transcript  Tax...

    Read more
  • July 23, 2018 [Watch Now] Unraveling Tax Reform -- State Impact

    Watch this exclusive video featuring Tom Corrie, JD, LLM, Principal for powerful insights to help you navigate and maximize your individual tax position...

    Read more
  • July 16, 2018 [Video Series] Unraveling Tax Reform -- New Partnership Audit Rules

    Watch the fourth episode in this exclusive series featuring Michael J. Greenwald MPPM, CPA, Partner to help inform your decision-making in light...

    Read more
  • July 10, 2018 New Guidance from New York on Employer Compensation Expense Program

    The New York Department of Taxation and Finance has issued a much anticipated tax memorandum clarifying how its new, optional...

    Read more
  • July 2, 2018 New Jersey’s Budget Deal: Major Impact on State Taxes

    Over the weekend, New Jersey Governor Phil Murphy and state lawmakers reached a budget deal and became the last state...

    Read more
  • June 28, 2018 South Dakota v. Wayfair: The New Way of State Taxation

    As a follow up to our recent Tax Alert covering the June 21, 2018 U.S. Supreme Court decision in the...

    Read more
  • June 21, 2018 U.S. Supreme Court Upholds South Dakota’s Sales Tax Nexus Statute

    Today, the Supreme Court ruled in favor of a South Dakota law that requires remote sellers to collect and remit...

    Read more
  • June 7, 2018 What Employers Should Know About New Jersey’s New Sick Pay Law

    On May 2, 2018, Governor Phil Murphy signed the Earned Sick and Safe Days Act, which will allow specified employees...

    Read more
  • June 4, 2018 Friedman Quill Expertise Featured in Forbes

    Tom Corrie sheds light on the Supreme Court’s viewpoints on sales tax as it relates to South Dakota v Wayfair...

    Read more
  • May 31, 2018 Gross Receipts Tax: The Other State Tax

    While most states employ some type of a net income tax to raise revenue from businesses, some states impose a...

    Read more
  • May 31, 2018 Get in the Opportunity Zone:

    Qualified Opportunity Zones, a feature of the 2017 Tax Cuts and Jobs Act (TCJA), are rapidly taking shape and may...

    Read more
  • May 31, 2018 New IRS Initiatives Target Nonresidents

    In a May 21, 2018 statement, the IRS’s Large Business and International Division (LB&I) announced it will be launching campaigns...

    Read more
  • May 31, 2018 The Price of Giving

    For those who make substantial donations to charity, it’s important to evaluate the impact of the Tax Cuts and Jobs...

    Read more
  • April 3, 2018 New York Legislature Passes Tax Overhaul

    On March 30, the New York Legislature passed a $168.3 billion budget bill containing a variety of changes aimed at...

    Read more
  • March 28, 2018 Breathe New Life Into a Trust By “Decanting” It

    The term “decanting” typically is associated with wine. But, in regard to an irrevocable trust, decanting allows a trustee to...

    Read more
  • March 28, 2018 Tax Tips

    These brief tips explain the pros and cons of using a calendar tax year vs. a fiscal tax year, how...

    Read more
  • March 28, 2018 Seven Ways to Move Your Tax Planning Forward

    There is still considerable uncertainty as to how to interpret many aspects of the new tax law, which results from...

    Read more
  • March 28, 2018 Tax Cuts and Jobs Act

    Like many states, Connecticut is wrestling with how the Tax Cuts and Jobs Act's ("TCJA") $10,000 limitation on a taxpayer's...

    Read more
  • March 28, 2018 Friedman’s Mike Greenwald Featured in Bloomberg BNA’s, “Congress’s Partnership Audit Fixes Do What IRS Couldn’t”

    Since the law was passed in 2015, technical corrections to the new partnership audit law are finally giving the new regime...

    Read more
  • March 19, 2018 Catch Bob Charron and Mike Greenwald’s Exclusive Tax Reform Act Podcast Segment Covering Individual and Business Impact

    Freidman’s Bob Charron and Mike Greenwald sit down with Michael Stoler to analyze the Tax Reform Act for individuals and...

    Read more
  • March 2, 2018 Good News for Home Equity Borrowers from the IRS

    When Congress passed the law formerly known as the Tax Cuts and Jobs Act (“TCJA”) in December 2017, most commentators...

    Read more
  • February 28, 2018 Ask The CPA

    New tax law limits your deduction for real estate and state and local income taxes to $10,000. If you have...

    Read more
  • February 27, 2018 Tax Analysts Spotlight Friedman’s Alan Goldenberg in Exclusive Connecticut and SALT Deduction Article

    Get vital information on a possible work around for Connecticut’s $10,000 SALT deduction limit in the federal Tax Cuts and Jobs...

    Read more
  • February 23, 2018 Get key information from Friedman’s Scott Stavin in The Street’s, “Last-Minute Tax-Survival Guide for Millennials.”

    The Internal Revenue Service anticipates more than 155 million tax returns to be filed this year. Thanks to Emancipation Day...

    Read more
  • February 21, 2018 Mike Greenwald Shares Pivotal Insights at the RE/MAX Central Seminar on 2018 Tax Changes

    Friedman LLP’s Mike Greenwald shared pivotal insights on the impact of 2018 Tax Changes on the real estate industry at...

    Read more
  • February 15, 2018 Get Key Details on Tax Reform’s “Grain Glitch” From Friedman’s Feature in Forbes.com

    While revamping the United State Tax Code, Congress may have created a “grain glitch.” If left in place, the deduction...

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  • February 6, 2018 Brian Kristiansen featured in Consumer Reports', “10 Questions to Ask a Tax Preparer.”

    Brian Kristiansen shares insights on whether or not business owners can take advantage of new, lower business taxes under new...

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  • February 1, 2018 Kim Dula featured in The Street, "How Taxes Are Changing for Freelancers"

    Freelancers may be among the first to experience the effects of sweeping tax reform, namely the repercussions caused by changes...

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  • January 25, 2018 Friedman LLP’s Bob Charron Featured in the Jewish Exponent Article, "Accountants: Most Will See Lower Taxes"

    Friedman LLP’s Bob Charron weighs in on the new tax law in the Jewish Exponent Article, “Accountant: Most Will See...

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  • January 19, 2018 Are bad business debts deductible?

    If a business owner holds a business-related debt that’s become worthless or uncollectible, a “bad debt” deduction may allow him...

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  • January 18, 2018 Friedman LLP’s Brian Kristiansen Shares Key Advice in Consumer Reports’ Article, "How to Get Help on Your Taxes Without Calling the IRS.”

    Let’s face it… taxes are complicated and when the IRS is not able to answer your questions, how do you...

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  • January 15, 2018 Friedman LLP's Stuart Katz Featured in Bloomberg BNA Article, "Millions More Likely From New Pennsylvania Withholding Rules"

    Friedman LLP’s Stuart Katz was featured in Bloomberg BNA discussing the new Pennsylvania withholding rules that went into effect January...

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  • January 8, 2018 Friedman LLP’s Robert Charron Featured Guest on the Stoler Report

    Friedman LLP’s Robert Charron was a featured guest on the newest Stoler Report, “The Tax Reform Act & Its Effect...

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  • January 3, 2018 Friedman LLP's Ryan Dudley Featured in CNN Money Article, "Tax overhaul costs Goldman Sachs $5 billion"

    Friedman LLP’s Ryan Dudley was featured in CNNMoney article, “Tax overhaul costs Goldman Sachs $5 billion.” The tax overhaul is...

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  • December 23, 2017 Friedman LLP's Bob Charron, CPA, Partner Featured in Exclusive Podcast

    Host of podcast series, “Financial Quarterback” Josh Jalinski interviews special guest Bob Charron, CPA Partner at Friedman LLP for exclusive...

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  • December 22, 2017 2017 Tax Reform: International Tax Provisions in the Conference Report

    As a follow up to our December 20 Tax Alert covering domestic tax provisions included in the Conference Report, this alert provides a comprehensive overview of the Report’s international tax provisions. Read on for highlights on the ways you and your business may be directly impacted.

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  • December 20, 2017 2017 Tax Reform: Domestic Tax Provisions in the Conference Report

    Last Friday, December 15, the Conference Report reconciling the House and Senate versions of tax reform was released. Both the...

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  • December 19, 2017 Friedman LLP’s Bob Charron Featured in Consumer Reports article, The New Tax Bill's Winners and Losers

    Friedman LLP’s Bob Charron, shares insights in the Consumer Reports, The New Tax Bill's Winners and Losers article. In discussing the long-term...

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  • December 1, 2017 Friedman LLP's Bob Graham Featured in MarketWatch

    Friedman LLP’s Robert Graham shares vital insights in MarketWatch’s “Uncle Sam is coming after your bitcoin gains” article. In discussing...

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  • November 20, 2017 Ask the CPA

    As the tax year draws to a close, taxpayers begin exploring ways to reduce their tax liability. If you plan...

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  • November 7, 2017 Tax Guide 2017-2018

    To help steer your tax planning strategies under the current Trump Administration, this online guide provides an overview of key...

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  • November 6, 2017 Friedman LLP’s Kim Dula featured in Marketplace Radio

    Marketplace Radio featured insights from Friedman’s Kim Dula in an exclusive segment about Why accountants can't wait for the new...

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  • November 6, 2017 Download Tax Reform White Paper Now!

    As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely study featuring insights gleaned from a...

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  • November 1, 2017 Unclaimed Property Tips to Protect your Business in the Present

    Nearly twenty years ago, while consulting with several clients about state and local tax issues, I discovered a problematic theme—noncompliance...

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  • November 1, 2017 How to Claim Research Payroll Tax Credits

    If a business dedicates resources to creating or improving products, processes or software, it may be eligible for substantial federal...

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  • November 1, 2017 Philadelphia’s Onerous Business Tax Regime

    For businesses operating in Philadelphia, it is critical to be aware of certain aspects of Philadelphia’s onerous business tax regime,...

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  • October 27, 2017 Ask the CPA

    Taxpayers are often faced with a dilemma regarding investments that appreciate rapidly within a holding period that is less than...

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  • October 24, 2017 Ask the CPA

    As Seen in Philadelphia Business Journal So, you’re ready to hand over the reins to your family business, but not all...

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  • October 5, 2017 Gaps In Trump-GOP Tax Plan Hint At Loss Of Current Benefits

    What key details and policy goals are missing from the Trump Administration’s tax plan? Friedman’s Mike Greenwald highlights the seemingly...

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  • October 5, 2017 Breaking News: Ominto, Inc. Appoints Friedman as New Audit Firm

    We are pleased to announce that Ominto, Inc. has appointed Friedman LLP as its new audit firm. Ominto is a...

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  • October 3, 2017 Highlighting the Unspoken in the September Tax Reform Framework

    This exclusive Tax Alert provides expert insights on critical areas not mentioned in the President's recently released tax reform framework....

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  • September 28, 2017 Businesses Await Details of GOP Tax Overhaul Plans

    President Trump unveiled his tax reform plan, known as the “September Framework,” promising tax cuts to working class Americans and...

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  • September 25, 2017 What DC Chatter on Tax Code Reform Means for Real Estate

    While congress continues to prioritize tax reform in the Trump Administration, uncertainty and instability loom over the real estate industry,...

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  • September 25, 2017 Why Renting Out Your Home Could Cost You Big Time

    Airbnb’s increasing popularity as a solution for homeowners to make money on unused space may actually be costing them by...

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  • September 18, 2017 Four Questions on Partnership Audit Rules as IRS Hearing Nears

    Michael J. Greenwald shares must-know insights surrounding impending adjustments to the Partnership Audit Rules in an exclusive Bloomberg BNA feature....

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  • August 31, 2017 Trump Tax Plan May Free Up Corporate Dollars, but Then What?

    The goal of the tax overhaul promised by President Trump and Republican congressional leaders is to reduce the tax bills...

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  • August 23, 2017 What’s New in Tax Reform?

    With the last major tax overhaul taking place more than thirty years ago, it’s time to modernize the tax code...

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  • August 23, 2017 For Surviving Spouses: It’s Not Too Late to Elect Portability

    If you missed the filing deadline to elect portability and increase your federal gift and estate tax exclusion, there's still...

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  • August 17, 2017 State Tax Alert: MTC offers limited-time Voluntary Disclosure for Marketplace Sellers

    News for online marketplace sellers in participating states: beginning August 17, 2017 through October 17, 2017, the Multistate Tax Commission...

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  • June 26, 2017 Tax Tips

    These brief tips explain why it’s important to obtain a contemporaneous written acknowledgment when substantiating a charitable deduction; detail a...

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  • June 26, 2017 What Is This Thing Called “Use Tax”?

    Perhaps one of the most misunderstood areas in the state and local tax field is that of “use tax.” Most...

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  • June 26, 2017 Business Traveling Tax Wisely

    Did you know that employers can deduct employees’ travel expenses, including amounts for meals and lodging, if both the employer...

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  • June 8, 2017 Webinar Recording | Tax Reform in the Trump Era

    Concerned how tax proposals may impact you and your business? Learn how other business leaders would react to tax reform...

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  • May 24, 2017 Proposed Tax Reform Creates Decisive Willingness to Adjust Structure Among Businesses, According to Survey

    In May, as the last of the cherry blossoms fall in our nation’s capital, Congress will begin its final session...

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  • May 24, 2017 Sales and Use Tax when Purchasing Art

    Sales and use tax considerations can be quite complex, and when applied to the purchase of high-end art, these taxes...

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  • May 24, 2017 Decoding State Tax Nexus for Foreign Companies

    In order for a state to legally impose its taxes upon an out-of-state entity, nexus – a connection between the...

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  • May 18, 2017 Survey Finds Businesses with Online Sales May Not Be Prepared for States’ Broader Interpretations of Nexus Rules

    The demise of many of the larger traditional “bricks and mortar” retailers, coupled with the remarkable growth of mega online...

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  • May 12, 2017 Survey Says: Mixed Reaction to International Tax Reforms, Impact Remains Uncertain

    As President Trump and Congress tackle comprehensive tax reform, one of the most critical and controversial challenges is to effectively...

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  • May 10, 2017 Tax Reform Could Be Pushed to 2019 as GOP Focuses On Health Care

    Investors and analysts are split on what's next for taxes in light of a renewed effort on Capitol Hill to...

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  • May 3, 2017 Survey Reveals Businesses Using Independent Contractors May be at Risk for Taxes and Penalties

    Clients frequently ask, "What are my chances of being audited?” The answer varies by taxpayer type (business or individual), income...

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  • May 1, 2017 Who are the winners and losers in Trump's tax plan?

    Who would come out ahead and who would be left behind if President Donald Trump's tax plan were enacted as...

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  • April 25, 2017 Timing Compensation in a Changing Tax Climate

    Many people expect to see significant tax reform in the near future now that Republicans are in control of Congress...

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  • April 25, 2017 Tax Tips

    Many companies use the IRS’s standard mileage rate to reimburse employees for business use of their vehicles on a tax-free...

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  • April 12, 2017 Survey Finds Business Leaders Favor Sweeping Tax Reform Proposals

    INSIGHT 1 Business leaders in New York, New Jersey, Connecticut and Pennsylvania strongly support a variety of tax reform proposals under...

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  • April 1, 2017 Special Tax Reform Series

    As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely series of insights gleaned from...

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  • March 31, 2017 The Rehabilitation Tax Credit – What Developers Need to Know

    Many developers of real estate projects involving the rehabilitation of older buildings or historic structures may be overlooking a valuable...

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  • March 27, 2017 Ask the CPA

    As Seen in Philadelphia Business Journal A QDRO is a court order for a retirement plan to pay child support, alimony...

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  • March 22, 2017 Ask the CPA

    As Seen in Philadelphia Business Journal A: In preparation for the upcoming filing season, our recommendations would include the following: Be Organized Whether you...

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  • February 21, 2017 Tax Tips: Avoiding Tax Scams, Using Charitable Trust for College Expenses

    These brief tips cover scams to be aware of during tax season, how to check your IRS account online and...

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  • February 21, 2017 A Truly Laden Cross to Bear: The Crushing Tax Burdens of New York

    It comes as no surprise to New Yorkers that year after year, numerous tax studies conclude that they face some...

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  • February 21, 2017 Foreign Companies: Federal Tax Treaties and State Tax Obligations

    For many foreign companies expanding their business operations into the United States, the focus of their tax planning usually centers...

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  • December 12, 2016 Tax Tips

    These brief tips cover how the IRS has made it easier for taxpayers to obtain an extension for retirement plan...

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  • December 12, 2016 Business Tax? But I’m Unincorporated!

    Businesses are often surprised to learn of the New York City Unincorporated Business Tax (UBT), an entity-level tax imposed on...

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  • September 23, 2016 Tax Bill Scams: How to Protect Yourself

    The IRS issued an alert yesterday warning taxpayers about a new scam involving emails sent to taxpayers with a fraudulent...

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  • August 10, 2016 New Audit Rule Limits Tax Discharges By Partnerships

    A new rule forcing partnerships to declare they won’t voluntarily file for bankruptcy as a prerequisite for electing a revamped...

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  • August 3, 2016 Partnerships: Get ready for new audit rules

    For partnerships, including limited liability companies taxed as partnerships, new audit rules are a game changer. The rules apply to...

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  • August 3, 2016 The Work Opportunity Tax Credit: Don’t Overlook as Your Workforce Expands

    Do you plan to expand your work force? If so, the Work Opportunity Tax Credit (WOTC) is a federal nonrefundable...

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  • August 3, 2016 Tax Tips: Capital Gains; Bad Debt; Net, Net Gifts

    This issue’s “Tax Tips” article details why taxpayers should consider giving appreciated stock to their children to minimize capital gains...

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  • July 28, 2016 Tax Alert: Tax Highlights from Pennsylvania’s 2016–2017 Revenue Budget Bill

    On July 26, 2016, Pennsylvania’s Department of Revenue (DOR) issued a summary of the recently enacted 2016–2017 budget. Below are...

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  • July 18, 2016 I Am Being Audited For Commercial Rent Tax – Will You Help Me?

    A Common Problem Recently, I received a call from a gentleman who had been doing business in New York City for...

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  • June 16, 2016 Sourcing of Service Revenue, Can New York State and City Make It Any Harder?

    Recently, both New York State (the “State”) and New York City (the “City”) have modified the methods prescribed with respect...

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  • June 16, 2016 Challenges with Sales Tax Compliance

    Some of the biggest compliance challenges facing taxpayers are not found with income taxes, but rather with sales tax. Properly...

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  • April 21, 2016 Friedman LLP Survey of Business Leaders on Tax Issues Has Surprising Results

    Forbes sat down with Friedman’s Mike Greenwald and Kim Dula to discuss Friedman’s recent research into business leaders’ sentiments regarding...

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  • March 21, 2016 You May Be Paying More in Taxes Than You Actually Owe

    Ever felt like you’re paying too much in taxes? You might be. Bob Charron, partner in Friedman LLP’s tax practice,...

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  • March 11, 2016 Partnership Audit Comment Request Could Show IRS Priorities

    If you're looking for clues about how the IRS will approach regulations for the new regime for partnership audits, you...

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  • March 11, 2016 How Much Can You Save by Moving to a Low-Tax State?

    Think you've escaped a huge tax bill by heading to a tax-free state or another country? It all depends what...

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  • March 11, 2016 WOR Financial Quarterback with Kim Dula

    Kim Dula, partner with Friedman LLP, sits down with WOR radio and the Financial Quarterback radio show to discuss shared...

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  • February 9, 2016 Tax Tips

    In recent years, a large number of Americans living abroad — or planning to do so — have renounced their...

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  • February 9, 2016 Need to protect your assets? Consider a BDIT

    A BDIT, also known as the “Beneficiary Defective Inheritor’s Trust,” is one of the most powerful estate tax and asset...

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  • February 9, 2016 Designing a tax-wise bonus plan

    An annual bonus plan can be a great way to attract, retain and motivate employees. And if the plan is...

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  • February 9, 2016 The Net Investment Income Tax

    If you own an interest in an S corporation, partnership or LLC, it’s a good idea to review the potential...

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  • February 9, 2016 Employee or Independent Contractor – An Old Question Revisited

    Perhaps nothing causes more consternation among small and mid-sized business owners than the employee versus independent contractor problem. Generally, the...

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  • February 9, 2016 Nonresident Pass-Through Withholding

    When it comes to taxes, residency may have a bigger impact than you think. Taxpayers are generally acquainted with the...

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  • December 23, 2015 Individuals can save more on taxes in 2015 and beyond, thanks to new “extenders”

    With year end right around the corner, Congress passed the Protecting Americans from Tax Hikes Act of 2015 (the PATH...

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  • December 21, 2015 Latest “extenders” law boosts tax benefits for businesses

    On December 18, President Obama signed into law the bipartisan Protecting Americans from Tax Hikes Act of 2015 (the “PATH...

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  • December 18, 2015 Sometimes, Strategy All Comes Down to Taxes

    Yahoo announced that it would not spin off its stake in Chinese e-commerce giant Alibaba group, citing tax concerns. Instead,...

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  • December 18, 2015 2015 “Extenders” Legislation Does More Than Just Extend Tax Breaks

    On December 18, the Senate passed the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”), which the House...

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  • December 2, 2015 Last-Minute Tax-Planning Strategies

    End-of-year tax planning provides an opportunity to review the past year’s finances, and generate an approach for going into the...

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  • December 1, 2015 Small Businesses Cope with 'Taxing' Situations

    The Garden State is home to 200,000 small businesses with fewer than 500 employees – along with some 600,000 self-employed...

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  • November 20, 2015 Tax Alert: Partnership Audit Rules Revised Under 2015 Budget Act

    Partnership Audit Rules Revised Under 2015 Budget Act It is rare these days for Congress and the IRS to see eye...

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  • November 20, 2015 Tax Alert: Budget Act Eliminates Strategies for Maximizing Social Security Payout

    The Bipartisan Budget Act of 2015 contains a provision that can significantly affect the retirement planning of many Americans. It...

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  • November 2, 2015 Tax Guide 2015-2016

    To help you make the most of the tax-saving opportunities available to you, we’re pleased to introduce our online Tax...

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  • October 26, 2015 Tax Alert: Year-End Tax Planning Complicated by Uncertainty Over Expired Tax Breaks

    Year-end tax planning this year will be just as complicated as it was last year due to uncertainty surrounding many...

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  • October 13, 2015 California’s Minimum Tax and LLC Fee: What Businesses Should Know

    California’s 38.5 million residents represent the ninth largest economy in the world. Yet, when it comes to tax regimes, California’s...

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  • October 1, 2015 Are corporate tax inversions 'unpatriotic'?

    Moving overseas to cut the tax burden remains a viable option for some firms, though the presidential candidates may have...

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  • September 28, 2015 Tax Alert: Affordable Care Act Reporting: Get Ready, It's Almost Time

    The reporting requirements of the Affordable Care Act ("ACA") are now in effect, with mandatory reporting required for all applicable...

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  • July 13, 2015 Understanding the pros and cons of a SCIN

    Many estate planning techniques minimize or even eliminate gift and estate taxes when transferring assets to family members. Sometimes, the most powerful techniques will also have a significant drawback: mortality risk. A person must outlive the trust’s term to realize the benefits. Thus, a self-canceling installment note (SCIN) may be appropriate for anyone in poor health who isn’t expecting to reach his or her actuarial life expectancy.

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  • July 13, 2015 Tax Tips

    Until recently, investors had to report details about capital gains and losses on IRS Form 8949. For heavy traders, this potentially meant a lot of work. In 2013, the IRS quietly changed the rules, although many people remain unaware of the change.

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  • July 13, 2015 Nonqualified options

    The tax treatment of nonqualified stock options (NSOs) is quite simple. Unfortunately, filling out the IRS forms can be complicated — especially since recent rule changes went into effect. Here are four things you should know about NSOs.

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  • July 13, 2015 Why Are New Yorkers playing the 'Audit Lottery' when it comes to Commercial Rent Tax?

    New York City Commercial Rent Tax (“CRT”) certainly has a habit of sneaking up on people. In fact, many professionals and non-professionals simply do not know it exists – that is until an audit notice comes their way.

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  • July 13, 2015 The 2016 Challenge You Can Prepare For: Affordable Care Act Reporting

    Dr. Seuss once said that “sometimes the questions are complicated and the answers are simple.” Well, he clearly did not have the employer shared responsibility provisions of the Patient Protection and Affordable Care Act (”ACA”) in mind.

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  • July 13, 2015 Should you treat a partner as an employee?

    In today’s competitive environment, offering employees an equity interest in your business can be a powerful tool for attracting, retaining and motivating quality talent. If your business is organized as a partnership, however, there are some tax traps you should avoid.

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  • May 14, 2015 How you can avoid a huge tax trap

    As you plan your estate, don’t overlook the generation-skipping transfer (GST) tax. Despite a generous, $5.43 million GST exemption, complexities surrounding its allocation create several tax traps for the unwary.

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  • May 14, 2015 State Tax Issues Caused By Federal Tax Audits

    For most businesses, the likelihood of being audited by the Internal Revenue Service (IRS) is less than 2%, but ask those who have been through one and the response is always the same – it is a long, gut-wrenching process, no matter how good your records are.

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  • May 14, 2015 Roth or traditional: Which is better?

    Roth IRAs allow you to withdraw contributions and earnings tax-free, if you meet certain requirements, so it’s no surprise that their popularity has soared in recent years. But don’t write off traditional IRAs and 401(k) accounts just yet. Under certain circumstances, traditional accounts may generate more retirement income than their Roth counterparts.

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  • May 14, 2015 Help! What is New York's "Convenience of the Employer" Rule All About?

    The sourcing of wages has become a major concern for non-resident employees of New York businesses given the number of them now seeking to telecommute at least on a part-time basis. New York’s “convenience of the employer” rule (the “Rule”) is targeted directly at such situations, and can operate as a trap for the unwary in many cases.

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  • April 13, 2015 Partner Michael Greenwald Featured on Fox 5 News

    Partner Michael Greenwald was recently featured on Fox 5 News discussing the pitfalls of leaving money on the table during...

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  • March 24, 2015 Real Estate Transfer Taxes in New York

    Real estate transfer tax is a tax imposed by states, counties and municipalities for the privilege of transferring real property within a jurisdiction. The tax is sometimes referred to as real estate conveyance tax, mortgage transfer tax or documentary stamp tax, among other terms.

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  • December 18, 2014 Tax Alert: Businesses, Individuals Benefit From Latest Tax Relief Extender Law

    On Dec. 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House had passed on Dec. 3. TIPA is the latest "extender" package, a stopgap measure that retroactively extends through Dec. 31, 2014, certain tax relief provisions that expired at the end of 2013. It was drafted after the collapse of negotiations over a bill that would have made some of the provisions permanent, while extending others for two years.

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  • November 5, 2014 It’s not business, it’s personal

    Parties to merger and acquisition (M&A) transactions involving closely held corporations may enjoy certain tax benefits if they can allocate a portion of the purchase price to individual shareholders’ personal goodwill. Although the IRS doesn’t much like personal goodwill, a recent Tax Court case (see the sidebar "Personal goodwill is alive and well") confirms that it remains a viable tax-planning tool under the right circumstances.

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  • November 5, 2014 International estate planning: Handle with care

    If you or your spouse is a non-U.S. citizen, different rules apply to your estate plan. One misstep can lead to unpleasant tax surprises, so make sure you understand the differences.

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  • November 5, 2014 Commercial Rent Tax – Did You Know?

    As a state and local tax practitioner located in New York City, one of the questions I hear most often from potential clients is "What is Commercial Rent Tax?" Usually, that inquiry is immediately followed by the exclamation "I didn’t even know such a tax existed!" After I start explaining the nature of the Commercial Rent Tax ("the CRT") to them, they generally find it difficult to believe that New York City (the "City") imposes a tax on the very expensive rent already being paid by them. Guess what, it does!

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  • November 5, 2014 Second Homes In New York May Have Severe Tax Consequences

    The New York State and New York City tax laws have numerous traps for unwary nonresidents. To avoid one of the biggest tax hazards, nonresidents owning or renting homes within New York must be aware of the applicable residency tests and what records they should maintain to avoid a dual residency determination. Nonresidents of New York State are only taxed on income earned in or sourced to the state. New York City only taxes city residents. However, if a nonresident is not attentive to the residency tests, the tax consequences can have New York State, and possibly New York City, seeking to impose tax on all income, including interest, dividends, and capital gains, regardless of its source.

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  • November 5, 2014 Tax Tips: November/December 2014

    As tax season approaches, be on the alert for tax fraud. Every year, the IRS publishes its list of "Dirty Dozen" tax scams. Here are two of the most common:

    Read more
  • June 5, 2014 Tax Alert: Research Tax Credit for Prior Years Will be Easier to Obtain

    The research tax credit may, in many cases, save taxpayers substantial tax dollars.

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  • May 12, 2014 How defined-value gifts can help limit your tax exposure

    Making large gifts can be a challenge if they consist of illiquid, difficult-to-value assets, such as interests in a business...

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  • May 12, 2014 Capturing the benefits of captive insurance

    For years, large corporations have used captive insurance companies to control insurance costs. Today, even small, closely held businesses are...

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  • May 12, 2014 Undisclosed foreign accounts: Handle with care

    Do you own or control any foreign financial accounts — such as bank accounts, brokerage accounts, mutual funds or trusts? If so, it’s critical to understand your reporting obligations.

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  • May 12, 2014 Tax Tips: May/June 2014

    If you hire your children, they’re under 18 and your business is unincorporated, neither the business nor the kids have to pay Social Security or Medicare taxes on their wages. Shifting income to your children this way can also reduce your family’s income tax bill because your kids are likely in a lower tax bracket.

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  • May 12, 2014 IRS Combatting Tax-Related Identity Theft

    Although the dreaded tax day deadline has passed, for a number of taxpayers the difficulty may just have begun. Millions of Americans, who have waited the better part of a year to receive tax refunds, are in for a big shock when they learn that their refunds were sent to someone else as a result of tax-related identity theft. The legitimate refund will now take considerable time to be received by the taxpayer.

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  • May 12, 2014 Here is one for the good guys

    A recent unanimous decision by the New York State Court of Appeals with respect to the application of the state’s statutory residency law demonstrates that it is still possible for a lone taxpayer to challenge the Department of Taxation and Finance (the “Department”) regarding one of its favorite audit darlings, and prevail.

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  • April 7, 2014 Tax Alert: 2014-2015 New York State Budget Contains Many Lower Manhattan Tax Incentives

    Earlier this month, the 2014-2015 NYS budget passed with an extension of all Lower Manhattan incentive programs.

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  • March 6, 2014 Acquiring the Assets of a Business? Don’t Forget About Sales Tax

    The purchase of an existing business is generally structured in one of two alternative ways: purchase the entity outright, or purchase only the assets of the business.

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  • March 6, 2014 Pennies From Heaven

    It’s not very often that state taxing officials present taxpayers with bona fide refund opportunities.

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  • March 5, 2014 Could the NIIT apply to the sale of your home?

    The 3.8% net investment income tax (NIIT), which went into effect in 2013 under the Affordable Care Act, continues to create confusion.

    Read more
  • March 5, 2014 Why a private annuity is a powerful estate planning tool

    Affluent families looking for ways to reduce their gift and estate tax exposure should consider private annuities.

    Read more
  • March 5, 2014 Material participation key to deducting LLC and LLP losses

    If your business is a limited liability company (LLC) or a limited liability partnership (LLP), you know that these structures offer liability protection and flexibility as well as tax advantages.

    Read more
  • March 5, 2014 Tax Tips - March/April 2014

    The IRS has expanded its Fast Track Settlement (FTS) program to small businesses and self-employed individuals.

    Read more
  • February 28, 2014 Tax Alert: U.S. Treasury and IRS Release Amended Final Rules on Foreign Account Reporting

    The U.S. Department of the Treasury and the IRS have issued what is expected to be their final significant package of regulations implementing the Foreign Account Tax Compliance Act (FATCA).

    Read more
  • February 10, 2014 Tax Alert: Affordable Care Act Mandates Delayed for Small and Large Businesses

    The federal government announced today that companies employing between 50-99 full-time workers have until 2016 to comply with the mandate to offer health insurance as part of the Affordable Care Act (or "Obamacare").

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  • February 3, 2014 Tax Alert: Governor Cuomo proposes big changes to New York Gift and Estate Tax

    As part of his executive budget, Governor Cuomo proposed a law change that would "unify" the New York estate and gift taxes so that taxable gifts made by a New York resident after March 31, 2014 will be included in the donor's taxable estate.

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  • January 9, 2014 New York Getting Tough on Tax Scofflaws

    Heads up to those who have outstanding New York tax liabilities; the state is getting tougher than ever in pursuing collection of these funds.

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  • January 9, 2014 The Double Tax No Credit Dilemma

    As you probably have heard from the news coverage of the budget debates, New York, like most states, is in the midst of a financial shortfall.

    Read more
  • January 9, 2014 Does the ACA’s Individual Mandate Affect You?

    Starting Jan. 1, 2014, the Affordable Care Act (ACA) requires most people to have a certain level of health care coverage or else pay a tax penalty (known as a “shared responsibility payment”).

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  • January 9, 2014 Provide for your Spouse, then your Kids, with a QTIP Trust

    Do you want to provide for your spouse after your death but ensure that your children ultimately receive the inheritance you desire? Do you have concerns about transferring assets to your spouse outright?

    Read more
  • January 9, 2014 Tax Tips: Jan/Feb Tax Matters

    Is your business entitled to a post-DOMA tax refund?

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  • December 10, 2013 Tax Alert: IRS issues final regulations on 3.8% net investment income tax and 0.9% additional Medicare tax

    On November 26, 2013, the IRS issued final regulations addressing two new taxes under the Affordable Care Act that took effect January 1, 2013...

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  • November 7, 2013 Sales Tax: Two for the Price of One

    Normally, if a transaction is subject to sales tax, the tax is imposed upon the price charged the retail customer with respect to the sale of taxable tangible personal property or the provision of taxable services.

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  • November 7, 2013 Nexus? But I Never Set Foot There!

    With state governments facing sharp declines in tax revenue and increases in fiscal spending, more and more states are searching for additional revenue streams.

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  • November 7, 2013 The AMT: Treacherous waters are waiting to trap you

    or years, like a worn-out record, Congress repeatedly went through the motions of temporarily patching the alternative minimum tax (AMT), with the goal of limiting the number of taxpayers who were liable to pay it.

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  • November 7, 2013 Making the right entity choice in today's tax environment

    From a tax perspective, pass-through structures — such as limited liability companies (LLCs), S corporations and partnerships — have been the preferred business entity choice in recent years.

    Read more
  • November 7, 2013 Tax Tips: November/December 2013

    Watch out for unscrupulous payroll providers

    Read more
  • November 7, 2013 Don't stop giving: Lifetime gifts remain a smart estate planning strategy

    Now that lawmakers have made high gift and estate tax exemptions “permanent,” you may feel less pressure to make lifetime gifts to reduce the size of your taxable estate.

    Read more
  • September 18, 2013 Tax Alert: IRS issues sweeping rules that affect businesses owning tangible property

    The IRS has released its final regulations on the tax treatment of expenditures related to tangible property.

    Read more
  • September 6, 2013 September/October 2013 Tax Tips

    Is time running out for GRATs?

    Read more
  • September 6, 2013 Be careful with intrafamily loans

    When a family member experiences hard times, other family members might be quick to lend them whatever amount they need.

    Read more
  • September 6, 2013 Year end tax planning: 5 strategies you should not overlook

    As the end of 2013 approaches, it’s time to think about year end tax planning.

    Read more
  • September 6, 2013 Play or pay: Are you ready for the new health care rules?

    Beginning on Jan. 1, 2015, the health care act requires “large” employers to either: 1) provide “minimum essential” health care coverage to full-time employees

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  • September 4, 2013 Tax Alert: Same-sex marriage: The IRS expands eligibility for federal tax treatment as a married couple

    On August 29, the IRS issued Revenue Ruling 2013-17 clarifying that same-sex couples married in jurisdictions that recognize same-sex marriage will be treated as married for federal tax...

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  • July 8, 2013 Tax Tips: Pay or Play: Is Your Business Ready?

    Beginning in 2014, the Patient Protection and Affordable Care Act requires “large employers” — those with 50 or more full-time-equivalent employees — to provide affordable health care coverage or pay a penalty.

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  • July 8, 2013 Are higher taxes taking a bite out of your trusts?

    Tax increases for the affluent have dominated headlines this year. But don’t overlook the impact of higher taxes on trusts.

    Read more
  • July 8, 2013 Capital gains after ATRA: Why planning is so critical

    Thanks to the American Taxpayer Relief Act (ATRA), the maximum capital gains tax rates are at their highest levels in years.

    Read more
  • July 8, 2013 Sales Tax: The Computer Software Conundrum

    In most states, sales tax is imposed on the sale of tangible personal property and certain specifically enumerated services.

    Read more
  • July 5, 2013 Tax Alert: Two U.S. Supreme Court decisions have far-reaching tax and benefits implications for same-sex married couples

    On June 26, the U.S. Supreme Court issued two landmark decisions.

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  • Tax Tips: May/June 2015

    A good tax-planning technique is to sell a poor-performing security to “harvest” the loss and offset it against your capital gains. But what if you have high hopes for the security and would like to keep it in your portfolio?

    Read more
  • October 20, 2020 Accounting and Finance Show USA

    Friedman is excited to take part in this year’s Accounting and Finance Show USA. Tune in on 10/21 to hear partners,...

    Read more
  • February 27, 2019 Webinar: Avoiding Penalties When Changing Your Domicile for Tax Purposes

    Before changing your domicile for income tax purposes, watch our informative webinar for guidance on the far-reaching tax implications to...

    Read more
  • October 4, 2018 [Webinar] Navigating the New 199A Tax Guidance: How It Impacts You

    The IRS recently released the highly anticipated proposed regulations for Section 199A deductions. For self-employed individuals and pass-through entities, these regulations...

    Read more
  • March 27, 2018 [NEW DATE] How the New Tax Code Impacts the Matrimonial Practice | March 27

    Friedman LLP will be hosting a timely and informative seminar that will cover how new tax laws will impact the...

    Read more
  • January 25, 2018 LIVE TAX REFORM EVENT IN NYC: New Year, New Tax Code

    With the New Year comes the most widespread overhaul to U.S. tax law in more than three decades. The Tax...

    Read more
  • June 15, 2017 9th Annual Tax Controversy Forum | June 15-16

    Friedman’s Dave Shuster will be presenting at this year’s NYU School of Professional Studies’ Annual Tax Controversy Forum. The Tax...

    Read more
  • May 16, 2017 Exclusive Program for Business Owners: To Buy? To Grow? To Sell? | May 16

    Michael Greenwald, Partner, will serve as a speaker on a panel of experts addressing business owners who face critical junctures...

    Read more
  • April 26, 2017 TAX REFORM EVENT: NJBIZ First 100 Days: Taxes, Finance and Insurance | April 26

    Michael Greenwald, CPA, Partner will be speaking on a panel of experts addressing impending changes to tax code, the roll...

    Read more
  • November 1, 2016 Philadelphia Forum | 2016 Election: Politics, Finances and Your Business

    An Interactive Forum for Philadelphia Business Leaders Join Friedman LLP and a panel of influential political and business leaders including Sam...

    Read more
  • May 19, 2016 Friedman Talks Tax and Proposed Changes in Exclusive Webinar

    Friedman LLP will host a webinar to explore the questions senior business leaders have when it comes to taxes as...

    Read more
  • September 29, 2015 Friedman LLP/Sandler Joint Webinar

    Ryan Dudley, partner and practice leader of the International Tax and International Services groups, to co-present along with Chuck Crowley,...

    Read more
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    Expert advice to gain the maximum loan forgiveness available 

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    Get breaking news and tactical business guidance

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People

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  • Robert Charron
    Robert Charron
    CPA, Partner in Charge of Tax Department
    rcharron@friedmanllp.comp 212.842.7627
    f  212.897.6491
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    Michael J. Greenwald
    MPPM, CPA, Business Tax Leader
    mgreenwald@friedmanllp.comp 212.842.7513
    f  212.842.7001
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