NYCPA News and Blogs

When buying or selling a business, the existence of a target company that is taxed as a subchapter S corporation (an “S…

On September 27, 2023, H.R. 5761, the “Opportunity Zones Transparency, Extension and Improvement Act,” was introduced as…

In Connelly v. United States, No. 21-3683 (8th Cir. 2023), the United States Court of Appeals for the Eighth Circuit, on the…

Schlapfer v. Commissioner, T.C. Memo. 2023-65 (U.S. Tax Court May 22, 2023), is the first reported caseto contain a detailed…

The last two articles the author wrote, Dealing with Proposed Regs under the SECURE Act and Strategy Under the SECURE Act,…

There are two separate significant IRS challenges to grantor retained annuity trusts (GRATs) in the context of ongoing merger…

Introduction On January 25, 2022, the Department of the Treasury and the Internal Revenue Service (collectively, “the…

As the calendar turns to 2023, taxpayers and their advisors face an uncertain future. Given a divided government for at least…

The genesis of Code Section 754 stretches back to the first third of the 20th century, as the IRS tried to combat tax…