06/29/2021
Current New York Tax Considerations for Asset Managers—Part 1, Sourcing Fee Income in a Remote Work Model
Remote work presents an opportunity to reduce the New York tax burden on fee income, but NYS and NYC each present their own considerations, which must be addressed to properly capitalize on it.
06/24/2021
As discussed below, there is still much work to do to flesh out the details of the framework
06/23/2021
The absence of criminal charges against high-net-worth residents comes in an era of rising wealth inequality
06/22/2021
ProPublica accuses them of exploiting "tax avoidance strategies beyond the reach of ordinary people.
06/16/2021
The carryforward of business interest that is disallowed by section 163(j) is an attribute that can be limited by section 382.
06/14/2021
This change in audit posture may also serve as a catalyst for reviewing loan acquisition activities conducted in prior years.
06/10/2021
These new capital gains taxes would be in addition to those generally applicable under the existing gift and estate tax regime.
06/09/2021
If the information was leaked by someone with access to IRS data, it would be one of the biggest breaches in the agency's history.
06/08/2021
As British power collapsed, some of its possessions became self-governing territories that were not part of the United Kingdom but which came under British defence agreements and preserved strong links with London.
06/02/2021
The past year also left the markets wondering whether a trade deal would ever be struck between the UK and the European Commission as the Brexit deadline loomed.
05/30/2021
Most employees report their taxes on a W-2 form, and their employer acts as a third-party verifier of that income and employee — leaving the chance of tax evasion in this case small.
05/25/2021
Warren's press release said this funding would help close gap between the taxes wealthy people owe and what they actually pay through more staffing and stricter enforcement.
05/21/2021
The release follows criticism from Republican lawmakers and tax analysts that the estimate is unrealistically high.
05/20/2021
Global accounting firms have mostly managed to keep their clients' names secret by arguing that their codes of conduct prevent them from publicly naming the multimillionaires behind the shell companies they helped to set up.
05/17/2021
The recovery...sends an unequivocal message that offshore evasion is still a high priority of Internal Revenue Service Criminal Investigation
05/11/2021
Meets family office needs for a unified accounting, general ledger and reporting system
05/06/2021
Many tax departments now have innovative, cost-effective new ways to tackle old problems.
05/03/2021
Wealthy face doubling of capital-gains rate under Biden plan
04/30/2021
This Legal Update discusses the mechanics of PET and how to take advantage of it.
04/28/2021
IRS chief Charles Rettig said earlier this month that tax evasion costs the US $1trn more each year.