Counsel Wilda Lin penned an article for The CPA Journal titled “Basic Tax Reporting for Decedents and Estates.” The article provides a roadmap of the tax obligations that the fiduciary of an estate will likely encounter. The fiduciary may be a professional experienced with estate
You could easily be forgiven for not knowing the current state of the Corporate Transparency Act (“CTA”) following the Fifth Circuit’s holiday flip-flop…or the Supreme Court subsequently weighing in…or Congress’s umpteenth attempt to push off the law’s effective date…or the recent flurry of FinCEN press
Counsel Andy Weiner wrote an article for the Journal of Tax Practice and Procedure, co-authored with Miri Forster of EisnerAmpner, titled “Buckle Up: Navigating the Long Road of the BBA Partnership Audit”. The article provides a primer on partnership audits under the Bipartisan Budget Act
Megan Brackney, Jacob Paikin, and Rasheena Reid wrote an article titled “Advising Healthcare and Hospitality REITs through Increasing Scrutiny” on the increasing tax enforcement against real estate investment trusts (REITs) for The CPA Journal. Regulators have expressed concern that REITs in the healthcare and hospitality
Counsel Andy Weiner wrote an article for Forbes titled “The Supreme Court’s New Standard For Challenging Tax Regulations.” The article notes that the “Supreme Court is reshaping the role of the administrative state in the federal government,” most notably, through its 2024 decision in Loper
Counsel Andy Weiner wrote an article for Forbes titled “Why Filing A Tax Return Is More Important Than Paying Tax.” In the piece, Andy details the history of the US income tax system imposing separate obligations on taxpayers to file a tax return and pay
By Abigail Burke and Malena Solin The CPA Journal November 2024 In a recent article for The CPA Journal, Abigail Burke and Malena Solin address the U.S. Supreme Court’s landmark 2023-2024 term, which included two cases with significant implications for future litigation over executive branch
Kostelanetz LLP Partner Megan L. Brackney is calling for an end to IRS foreign gift penalties, arguing that the current law is inefficient and punitive to lower- and middle-income taxpayers with foreign relatives. In an op-ed for Bloomberg Tax, Ms. Brackney addresses concerns raised by
by Robert McLeod The CPA Journal May/June 2024 To reduce unnecessary costs, businesses strive to minimize their tax liabilities. Employment taxes, particularly the employer’s share of Social Security and Medicare taxes under FICA, may represent a significant portion of a company’s tax burden. On the
By Christopher M. Ferguson Bloomberg Tax August 1, 2024 The US Supreme Court’s ruling overturning Chevron deference, as well as the IRS’s own policies, suggest the IRS may be employing a harsh and legally unsustainable standard in assessing the merits of employee retention credit claims. If true,
