State Taxation

  • IRS, States, and Tax Industry Implement New Safeguards

    By:
    Damon Asper
    |
    Jan 1, 2016
    Protecting taxpayers against fraud is a top priority for the IRS. But recent years have proved challenging, as criminals gather increasing amounts of personal data. The IRS, however, has made real progress in the past several years.
  • Final Regulations on F Reorganizations

    By:
    Michael Schonig, CPA
    |
    Jan 1, 2016
    On Sept. 21, 2015, the Treasury Department and IRS released final regulations providing clarification on the qualification of transactions as “F Reorganizations” under IRC section 368(a)(1)(F). 
  • New York State and New York City Business Allocation: What Has Changed, and What Has Not

    By:
    Brian Gordon, CPA
    |
    Nov 1, 2015
    In the past few years, there have been vast changes to the landscape of corporate allocation in the world of state and local taxes.  
  • Newsmaker: Diana Leyden, New York City’s First Taxpayer Advocate

    By:
    Chris Gaetano, Trusted Professional Staff
    |
    Nov 1, 2015
    In July, Diana Leyden became New York City’s first-ever Taxpayer Advocate, a new office within the city’s Department of Finance from which she will help taxpayers navigate the city’s tax code, while also working to address systemic issues that impede taxpayer compliance. 
  • Deconstructing Maryland v. Wynne: A Big-Time Development in the State Tax Area

    By:
    Timothy P. Noonan, CPA and Ariele R. Doolittle, Esq.
    |
    Oct 1, 2015
    It was a big year for the U.S. Supreme Court, which issued decisions on hot-button social issues and Obamacare.  But for us tax folks, no case was of more importance than the Court’s May 2015 decision in Comptroller of the Treasury of Maryland v. Wynne, which struck down an aspect of Maryland’s personal income tax scheme related to resident credits. 
  • 10 Questions on Deferred Management Fees for Hedge Fund Managers in 2017

    By:
    Timothy P. Noonan, JD, and Alan S. Kufeld, CPA, MST
    |
    Aug 1, 2015
    Over the past year, CPAs have been flooded with questions about the state tax implications of deferred management fee income that many hedge fund managers are expecting to receive in the near future. 
  • Tax Benefits of Energy-Efficiency Measures

    By:
    Kimberly Giese
    |
    Jun 1, 2015
    Energy is usually a “top five” expense item for any organization, but there are many ways to reduce the amount that an entity consumes or spends. These options are always site specific; they range from easy to complex, and the timeline and return on investment (ROI) vary by project. 
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