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New York Issues Guidance on How to Report the Decoupling from the CARES Act on the Personal Income on Tax Forms IT-201, IT-203, IT-204 and IT-205
State Taxation
Ever since New York decoupled from the Coronavirus Aid, Relief, and Economic Security (CARES) Act in the 2020/21 Budget Act,…
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SALT Business: A Glimpse in the Eye of the Pandemic
State Taxation
There has been no shortage of excitement in the State and Local Tax (SALT) world this year. Between state-issued COVID-19…
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Stuck in the Middle with You: The Rise of the Independent Sponsor in the Middle and Lower Middle Market
State Taxation
The independent sponsor (formerly known as “fundless sponsors”) is an equity sponsor that seeks to purchase (generally)…
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Common Cryptocurrency Frauds
State Taxation
Bitcoin was first introduced to the world in 2009 after the global economic crisis. Bitcoin developers wanted to empower…
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Final Regulations Applying the High-Tax Exclusion to Global Intangible Low-Taxed Income
State Taxation
The IRS recently issued final and proposed IRC section 951A regulations relating to the treatment of “high-taxed” global…
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Remote Workers Beware: Potential Double Taxation Under the Convenience Rule
State Taxation
As the realities of COVID-19 are setting in, telecommuting arrangements have emerged as part of the new normal. A recent…
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Structuring the Deal: Taxation When Selling Your Financial Service Business
State Taxation
For professionals planning to purchase or sell a financial services book of business, the most common negotiating points are…
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“Quarantining" in the States: Tax Residence Issues During the COVID-19 Pandemic
State Taxation
The global outbreak of COVID-19 has significantly impacted individuals and their ability to travel. Many are under state…
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Give Me Your Tired, Your Poor…and Your Tax Planners? Pre-Immigration Tax Planning for the Hong Kong Emigrant
State Taxation
At the foot of the Statue of Liberty is an inscribed plaque with a poem about America being the land that welcomes the…
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