People, Industries, Client Stories, News. Search it Here.
In today’s multifaceted, fast changing environment, you deserve leading-edge insight from highly specialized business and tax advisors. Friedman LLP’s Corporate and Business Tax Services team is equipped to bring you the sophisticated strategies and solutions you deserve.
Friedman’s seasoned practitioners work to understand your business inside and out, including your products and services, operations, markets, customers, challenges and opportunities. Knowing you better helps us design tax planning strategies that squarely align with your business objectives—and integrate with your personal and family wealth needs.
Our clients include private and publicly held companies, multinational corporations, business and investment partnerships and REITs.
You’ll benefit from our distinguishing differences:
Put our know-how to work for your business today - connect with a member of the Corporate and Business Tax Services team, or contact us.
Friedman provides comprehensive business and corporate tax solutions, including:
The following article is part one of Friedman’s three-part series discussing must-know aspects of unclaimed property (“UP”), which can lead...
Read moreWhich credits are pending extension and how does a recent ruling in an REIT case stand to impact the industry?...
Read moreThe midterm elections are less than eight and half months away and primary season has already started in many states....
Read moreOf the various COVID-19 relief programs enacted by Congress since March 2020, the Employee Retention Credit (“ERC”) is both the...
Read moreThe following article is part one of Friedman’s three-part series discussing must-know aspects of unclaimed property (“UP”), which can lead...
Read moreThe midterm elections are less than eight and half months away and primary season has already started in many states....
Read moreOf the various COVID-19 relief programs enacted by Congress since March 2020, the Employee Retention Credit (“ERC”) is both the...
Read moreWhich credits are pending extension and how does a recent ruling in an REIT case stand to impact the industry?...
Read moreOn The Daily Show they say, “When news breaks, we fix it.” We like to follow suit. Since Congress is...
Read moreThe IRS is offering Schedule K-2 and K-3 exemptions for certain partnerships and S-Corps. Our coverage will help you figure...
Read moreIn our February 11 issue of This Week In Tax, we told you that your business tax return just got...
Read moreNote: This article was originally published on February 11, 2022. As of February 17, 2022 the IRS has since revised their...
Read moreEven though the tax return filing deadlines are still over 9 weeks away (just under 5 weeks for partnerships and...
Read moreThis week, California Governor Gavin Newsom signed into law Senate Bill 113 which provides a much needed fix to the Elective Pass-Through...
Read moreJust when you thought it was safe to go back in the water, another perilous tax season is upon us....
Read moreMove over Hollywood — the entertainment industry isn’t necessarily centered in California anymore, and the Garden State is ready to...
Read moreSpecial-purpose acquisition companies (SPACs), often referred to as “blank-check” companies, raised more than $94.4 billion last year and shattered 2020’s...
Read moreProbably all of us at one time or another have leaned back in our chairs while sitting in a movie...
Read moreWilliam Shakespeare’s Juliet thought that a name was arbitrary or irrelevant. Apparently, IRS Chief Counsel agrees, at least when it...
Read moreNot long ago we wrote about a case involving the so-called “hobby loss” rules and how a taxpayer was able to...
Read moreHappy New Year and welcome back! This week, two recent cases illustrate the steps you can take to ensure your...
Read moreIn addition to the medical and sociological implications of the COVID-19 pandemic, the economy has been hard-hit by supply chain...
Read more*Note: In recognition of our employees incredible hard work this year, Friedman LLP will be closed from Friday, December 24...
Read moreKeeping with the spirit of the season, the IRS has now granted victims of Hurricane Ida an additional 43 days...
Read moreAs 2021 winds down and Congress continues to wrestle with the Build Back Better Act (“BBBA”), you should be aware...
Read moreAs 2021 draws to a close and we await a possible Christmas Eve present from Congress in the form of...
Read moreWith our sights set to the holiday season and 2022, read our latest on recently published guidance and FAQs covering...
Read moreBeginning January 10, 2022, Identify Protection Personal Identification Numbers (IP PIN) will be available through the Internal Revenue Service’s (IRS)...
Read moreNote: This article was originally published on October 5, 2021, and was updated on November 1, 2021. In a case of...
Read moreGiven the rapid proliferation of new tax legislation, the IRS has been relying on issuing so-called Frequently Asked Questions (“FAQs”)...
Read moreExtra! Extra! Read all about it! Certain self-created know-how may still qualify for favorable capital gains tax treatment! Effective 2018,...
Read moreThis Week In Tax: The IRS is formalizing its process relating to the publication of FAQs — find out how the...
Read moreAfter a tumultuous 2020, “uncertainty” remains the watchword, especially when it comes to tax planning. The shift in Washington and...
Read moreNew this week: Q Texas court sets a high price in a case involving a business alter ego. The High Cost of...
Read moreTaxpayers often establish business entities to shield themselves personally from liabilities of the business. The laws of different states provide...
Read moreHurricane Ida may be gone but the damage she inflicted and the emergency conditions she created will remain for some...
Read moreTo Virgil, “the greatest wealth is health.” Borrowing from the Roman poet, the American Rescue Plan Act of 2021 (“ARPA”)...
Read moreOn April 19, 2021, New York State (“NYS”) Governor Andrew Cuomo signed the 2021-2022 budget bill, which includes the highly anticipated “Pass-Through...
Read moreOn April 19, 2021, Governor Andrew Cuomo signed New York State's fiscal-year 2021/2022 budget bill (S.2509-C/A.3009-C). The comprehensive budget legislation includes several changes to...
Read moreShould an employer pay for items that their employees need in order to perform their duties remotely, the employer can...
Read morePrepare your business for significant dates surrounding Paycheck Protection loan applications, Shuttered Venues Operator Grants and Restaurant Revitalization Fund Grants...
Read moreFind out how you can take advantage of the recently extended Employee Retention Credit (ERC) to offset employee costs and...
Read moreDespite continued reassurances that the IRS could handle all of the recent COVID-19 related stimulus — including another round of...
Read moreThe American Rescue Plan Act of 2021 (the “Act”) is the most extensive COVID relief bill yet. Its provisions are...
Read moreWhile we were all busy watching the IRS try to pivot for the changes to the Employee Retention Credit, the...
Read moreIn December, Congress passed the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Relief Act”) which was enacted...
Read moreThe CARES Act passed last March contained a number of important stimulus provisions. Among these were the Paycheck Protection Program...
Read moreThe initial attention generated by the Consolidated Appropriations Act, 2021 (“the Act”) focused on the economic relief provisions – enhancement...
Read moreLike college students right before winter break, the 116th Congress closed its term with one last all-nighter. And, while the...
Read moreWe are thrilled to announce that Carol S. Messman, CPA has joined Friedman as a Tax Partner. Carol brings more...
Read moreAs most of you are aware, the incoming Biden administration has put forth a tax plan that could have meaningful...
Read moreThe Paycheck Protection Program (“PPP”), passed as part of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), was...
Read moreOver the course of the Paycheck Protection Program (“PPP”), the Small Business Administration (“SBA”) has released guidance in the form...
Read moreFriedman is proud to announce that state and local tax specialist Christian Burgos, Esq. joined the firm as Managing Principal...
Read moreDuring these unprecedented times, wise tax planning can provide much-needed financial relief to individuals and businesses. To help you make...
Read moreHow Will the Presidential Election Impact Your Business Taxes? Watch today's segment, featuring emcee Michael Greenwald and guest speaker Robert Charron...
Read moreIt has been six weeks since we last heard from the SBA and Treasury with regard to Paycheck Protection Loan...
Read moreIn a departure from its previous practice, the Small Business Administration (“SBA”) chose to release its latest update – clarifications...
Read moreIt’s been a busy week for those of us involved with the Paycheck Protection Program (“PPP”). Late Tuesday evening, the...
Read moreAccess the recording from our recent Q and A session with our experts on Congress’s newly passed Paycheck Protection Program Flexibility...
Read moreAcknowledging that all gave some and some gave all, allow us to take a moment to thank those of you...
Read moreWatch our recent “New Guidance on PPP Loan Forgiveness” webinar where our experts discussed the Small Business Administration’s recently released...
Read moreFortunately, borrowers now have official guidance regarding Paycheck Protection Program (“PPP”) loan forgiveness in the form of an application with detailed...
Read moreThe Small Business Administration (“SBA”) has released additional guidance attempting to clarify how it will view the good faith certification...
Read moreOn May 13, the SBA released an Interim Final Rule (“IFR”) which will enable certain partnerships that applied for Paycheck...
Read more[This article was updated on April 29 to reflect the IRS’ §7520 for May 2020] While it is worrisome to watch...
Read moreOur experts recently shared ways that professionals in the dental industry can benefit from the Coronavirus Aid, Relief, Economic Security Act...
Read moreOn April 24, the Small Business Administration (“SBA”) and Department of the Treasury published a Q&A outlining how businesses of...
Read moreSmall business owners across America are struggling to keep their workers employed and their businesses alive. In response, the U.S....
Read moreThe elimination of familiar tax planning strategies under the Tax Cuts & Jobs Act (TCJA) in addition to potential changes...
Read moreWatch Partner and Business Entity Tax Practice Leader, Michael Greenwald's recent presentation at "Paths to Liquidity and Diversification," where four firms...
Read moreCorporate and Business Tax Practice Leader, Michael Greenwald, recently spoke with Forbes on Deferred Sales Trusts. Greenwald says that a required...
Read moreCheck out the highlights from our 2nd Annual South Jersey Business Leadership Forum! The event featured an array of speakers including;...
Read moreWatch the second episode in this exclusive series featuring Steven Bokiess, CPA, Partner for ways to reap tax advantages by investing...
Read moreConcerned how the latest tax developments may impact your 2018 tax strategies? As you head into your 2018 tax planning, this...
Read moreWhen a business fails to remit payroll taxes, the IRS has the authority to collect those taxes from “responsible persons,”...
Read moreThe Internal Revenue Service ("IRS") recently released the highly anticipated proposed regulations for the Section 199A deductions — allowing for...
Read moreGain the knowledge you need to reap tax benefits and avoid pitfalls in the wake of the most significant overhaul to...
Read moreBy now, you’ve seen media headlines covering the House Tax Reform Bill introduced on November 2. What you may not...
Read moreAs Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely study featuring insights gleaned from a...
Read moreThe White House released its promised tax reform agenda, known as the “September Framework.” While longer than the previous version,...
Read moreConcerned how tax proposals may impact you and your business? Learn how other business leaders would react to tax reform...
Read moreIn May, as the last of the cherry blossoms fall in our nation’s capital, Congress will begin its final session...
Read moreAs Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely series of insights gleaned from...
Read moreFor 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.
Read morePartner Michael Greenwald was recently featured on Fox 5 News discussing the pitfalls of leaving money on the table during...
Read moreReal 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.
Read moreParties 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.
Read moreThe 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.
Read moreA 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 moreTune in to an interactive and lively discussion on the newly released IRS Employee Retention Credit guidance and the new...
Read moreFriedman is a proud sponsor of the 2020 PACT Capital Conference. This conference has a long tradition of uniting key...
Read moreJoin us for an exclusive webinar where our experts will walk you through the Small Business Administration’s (SBA) recently released...
Read more