Income Taxation

  • Examining the Nuances of New York Income Taxation of Trusts

    By:
    Catherine B. Eberl, JD
    |
    Feb 1, 2016
    Just like a resident individual, a New York resident trust is subject to New York income tax on all of its income. 
  • Maintaining Beneficial Tax Treatment of Employer Stock After Job Loss

    By:
    Daniel Mazzola, CPA, CFA
    |
    Nov 1, 2015
    A combination of low interest rates, abundance of cash in company coffers, and a need for growth has led to an explosion of corporate mergers and acquisitions this year.  
  • SCOTUS: Same Sex Marriage for All

    By:
    Jane Bernardini, CPA, PFS
    |
    Oct 1, 2015
    Throughout my long career as a public accountant, I have never experienced and observed changes in tax laws and federal benefits as sudden as those related to same-sex marriage.  
  • The Supreme Court Decided on Colorado Sales Tax—Or Did It?

    By:
    Brian Gordon, CPA
    |
    Jul 1, 2015
    In 2010, Colorado came up with a unique way to collect use tax on sales from remote sellers outside that state: because states cannot require out-of-state retailers to collect sales tax for them, Colorado passed a law requiring out-of-state sellers to report, to their customers and to the state, the amount of purchases made that is subject to use tax.
  • Optimizing Wealth Transfer under the U.S. Transfer Tax Regime

    By:
    Robert Weiss and Victoria Bolton
    |
    Jun 1, 2015
    The U.S. transfer tax regime, with its relatively new portability feature, high exclusion levels, and stability—along with the convergence of maximum estate and ordinary income tax rates—might tempt taxpayers into thinking that lifetime strategic planning is no longer needed or that simplified testamentary plans will produce better results for families. 
  • Charitable Lead Annuity Trust/Grantor Trust

    By:
    G. Dean Goodwin, CLU, AEP
    |
    May 1, 2015

    A CLAT / Grantor Trust provides the best of both worlds; an immediately income tax deductible charitable donation and tax-free income for children and a legacy for grandchildren.

  • Household Employment Issues: How to Keep Your Clients Compliant

    By:
    Guy Maddalone
    |
    Apr 1, 2015

    As it relates to household employment, state, local and federal tax laws as well as relevant state and local labor laws are often overlooked or misunderstood. To avoid making a costly error, it is important to understand current tax and labor law and to follow it appropriately. 

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