NYCPA News and Blogs

Unrelated business taxable income (UBTI) is a relatively simple concept: It represents activities conducted by an…

Just like a resident individual, a New York resident trust is subject to New York income tax on all of its income. And just…

A combination of low interest rates, abundance of cash in company coffers, and a need for growth has led to an explosion of…

Throughout my long career as a public accountant, I have never experienced and observed changes in tax laws and federal…

In 2010, Colorado came up with a unique way to collect use tax on sales from remote sellers outside that state: because…

The U.S. transfer tax regime, with its relatively new portability feature, high exclusion levels, and stability—along with…

A CLAT / Grantor Trust provides the best of both worlds; an immediately income tax deductible charitable donation and…

As it relates to household employment, state, local and federal tax laws as well as relevant state and local labor laws are…

If a potential Medicaid recipient desires to qualify for benefits, but yet preserve his or her assets within the family, he…