Corporate & Business Tax

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

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

Empower your financial decision making with insights from Friedman's cutting-edge tax advisors on leading Tax Cuts & Jobs Act topics....

The Internal Revenue Service ("IRS") recently released the highly anticipated proposed regulations for the Section 199A deductions — allowing for...

Watch the second episode in this exclusive series featuring Steven Bokiess, CPA, Partner for ways to reap tax advantages by investing...

Gain the knowledge you need to reap tax benefits and avoid pitfalls in the wake of the most significant overhaul to...

By now, you’ve seen media headlines covering the House Tax Reform Bill introduced on November 2. What you may not...

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

The White House released its promised tax reform agenda, known as the “September Framework.” While longer than the previous version,...

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

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

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

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.

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

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.

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.

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.

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?