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Lifetime Gifts and Testamentary Transfers by US Grantors to Non-Citizens
The One Big Beautiful Bill Act: Tax Provisions
The Psychology of Estate Planning

New York’s Convenience Rule Continues to Be Tested—The Zelinsky Case
Qualified Small Business Stock (QSBS): A Powerful Tax Break

Latest Articles

  • Lifetime Gifts and Testamentary Transfers by US Grantors to Non-Citizens

    By:
    Gary Forster, JD, LLM
    |
    Dec 1, 2025
    The US estate and gift tax is imposed on lifetime gifts and the “gross estate” of US citizens and domiciliaries (residents who intend to stay in the US indefinitely). The gross estate of a US person includes “the value at the time of death of all property, real or personal, tangible or intangible, wherever situated.” The estate and gift taxes attach to all assets regardless of the location of the US citizen or resident (or his property) at the time of gift or death.

  • The Psychology of Estate Planning

    By:
    Elizabeth Forspan, Esq.
    |
    Dec 1, 2025

    Estate planning is often viewed through a purely legal or financial lens, but the associated emotional and psychological dimensions are just as critical. Understanding why people avoid planning, and how to guide them through the relational complexities, is critical for professionals in the fields of Trusts, Estates, and Elder Care Planning. This article explores the psychological barriers to estate planning and offers strategies to overcome them.

  • New York’s Convenience Rule Continues to Be Tested—The Zelinsky Case

    By:
    Brian Gordon, CPA
    |
    Nov 1, 2025
    This article addresses the most recent challenge to the New York State Tax Department’s rule, which we refer to as “The Convenience Rule” in the Matter of Edward A. and Doris Zelinsky for the tax years 2019 and 2020.

  • Qualified Small Business Stock (QSBS): A Powerful Tax Break

    By:
    Andrew S. Katzenberg, JD, LLM, and Miguelina Mercedes, JD
    |
    Nov 1, 2025
    Few provisions of the Internal Revenue Code (the "Code") are as generous as the rules under section 1202 governing "qualified small business stock," most commonly known as QSBS. Designed to encourage investment in start-ups, section 1202 permits capital gain exclusion on all or a portion of the sale proceeds of QSBS in C corporations.

  • IRS Form 990: What Executives And the Board Should Evaluate

    By:
    By Zachary Segal, MST and Lori Rothe Yokobosky, MST
    |
    Nov 1, 2025
    While the IRS Form 990, “Return of Organization Exempt from Income Tax,” is often viewed as a routine compliance requirement, its impact and audience reach far beyond tax reporting and the IRS. For nonprofit organizations, this form can serve as a powerful public-facing tool that shapes perceptions of governance, transparency, and financial stewardship. 

  • As State Payroll Deduction IRA Mandates Take Effect, Enhanced Federal Tax Credits Can Facilitate Employer-Sponsored Retirement Plan Exemption

    By:
    Andrew E. Roth, JD, LLM (taxation), and Mark T. Hamilton, JD, LLM (taxation)
    |
    Oct 1, 2025
    Many states have enacted or are in the process of enacting or implementing legislation requiring employers to facilitate their employees’ enrollment in state-sponsored payroll deduction individual retirement account (IRA) programs.

  • Coast-to-Coast Tax Residency: New York & California Case Studies

    By:
    Daniel P. Kelly & Joseph F. Tantillo, Esq.
    |
    Oct 1, 2025
    In the August 2025 TaxStringer, we examined the tax residency rules for California and New York. The publication detailed the California and New York income tax residency tests, exceptions to the primary rules, presumptions of residency, and residency safe harbors, as well as key factors and actions affecting tax residency in New York and California, and other relevant considerations. We also surveyed income tax residency rules across the United States.

  • New Jersey Inheritance Tax

    By:
    James Lynch, CPA, JD
    |
    Oct 1, 2025

    New York practitioners should be aware of the New Jersey Inheritance Tax. This tax, in place since 1892, imposes a tax on the right to inherit property. It can apply to non-residents of New Jersey who own real or tangible property in New Jersey at the time of death. This article explains the New Jersey Inheritance Tax in greater detail.

  • Navigating the 2024 Form 6765 Overhaul: Key Insights for R&D Credit Practitioners

    By:
    Akshay Shrimanker, CPA, and Jay Persaud, CPA
    |
    Oct 1, 2025
    On Jun. 12, 2025, the NYCPA C-Corporation Tax Committee hosted a one-hour CPE to unpack the IRS’s comprehensive redesign of Form 6765, Credit for Increasing Research Activities, better known as the R&D Tax Credit form.

  • QOZ Planning Under the OBBBA

    By:
    Kevin Matz, CPA, JD, LLM
    |
    Sep 4, 2025
    On Jul. 4, 2025, President Trump signed into law the One Big Beautiful Bill Act,  formally known as H.R.1 – An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14 (the OBBBA). The OBBBA includes provisions that establish a “second tranche” for the Qualified Opportunity Zone (QOZ) and qualified opportunity fund (QOF) program that is generally effective beginning Jan. 1, 2027.
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Tax Cases
  

In Case You Missed It – December 2025.

Tax Jokes
  

A fine is a tax for doing wrong. A tax is a fine for doing well.
 
https://parade.com/1317763/jessicasager/accounting-jokes/

IRS Outlines Steps to Resume Normal Operations After Shutdown,The Trusted Professional

Tax Professional Have Until Dec. 31 to Renew Their Preparer Tax Identification Number,Internal Revenue Service

Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025,Internal Revenue Service

IRS Has Significant Backlogs Following The Shutdown: What’s Moving and What’s Still Stuck,Forbes Media LLC

Treasury, IRS issue guidance on tax benefit for lenders on loans secured by farm or rural property under the One, Big, Beautiful Bill,Internal Revenue Service

401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500,Internal Revenue Service

TIGTA Outlines Nearly 100 IRS Audits and Evaluations for Fiscal Year 2026,The Trusted Professional

IRS Establishes Safe Harbor for Crypto Staking in Trusts,The Trusted Professional

IRS Confirms Roth-Only Catch-Up Contributions for High Earners Starting 2026,The Trusted Professional

*Outside the Box is a new addition to the TaxStringer featuring important articles on financial and investment management topics by top authors who have expertise both inside and outside the realm of taxation.

 

 

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Views expressed in articles published in Tax Stringer are the authors' only and are not to be attributed to the publication, its editors, the NYSSCPA or FAE, or their directors, officers, or employees, unless expressly so stated. Articles contain information believed by the authors to be accurate, but the publisher, editors and authors are not engaged in redering legal, accounting or other professional services. If specific professional advice or assistance is required, the services of a competent professional should be sought.