• The IRS Tax Deadline Has Been Extended to May 17th

    March 18, 2021

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  • Whats Included in the American Rescue Plan

    March 12, 2021

    The American Rescue Plan is meant to provide relief for individuals and businesses struggling due to COVID-19 as well as to achieve other priorities of the Biden Administration.  In this article we highlight some of the key provisions.

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  • Valuing Real Estate Partnerships

    March 2, 2021

    Rental real estate can seem like a very simple business.  There is a piece of property.  This property gets leased to tenants that pay rent to the property owner.  The property owner then pays expenses (taxes, utilities, repairs, etc.), likely pays the bank, and then keeps what is left.  Although it seems simple, there are a large number of iterations of this scenario that play out in reality. 

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  • Cannabinoid Hemp Product Requirements to be Sold at Retail

    February 9, 2021

    Back in October, Governor Cuomo announced proposed regulations for cannabinoid hemp products. Per legislation signed earlier this year by Governor Cuomo, the New York State Department of Health is creating a Cannabinoid Hemp Program. The program intends to license cannabinoid hemp processors and retailers and set quality control standards for all cannabinoid hemp products.

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  • Fairness Opinions

    February 2, 2021

    “Fairness” is a term that has many different meanings to many different people.  “Fairness” may truly be in the eye of the beholder. So, how can anyone offer an opinion on what is deemed to be “fair?”

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  • The Most Important IRS Document as it Relates to Estate & Gift Tax Valuation: Revenue Ruling 59-60

    January 22, 2021

    Amongst other important aspects, the first and potentially most significant aspect of Revenue Ruling 59-60 and its impact on business valuations provides a definition of fair market value. This is one of the many reasons why the standard of value is extremely important in all valuation engagements.

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  • How President Biden’s Tax Plan Could Impact the Real Estate Industry

    January 21, 2021

    Aside from the increases in tax rates, Biden’s proposed tax plan appears to place a heavy emphasis on reducing the tax breaks real estate developers receive. With possible changes to 1031 exchanges, opportunity zones & step-ups in basis, real estate developers and those in the industry will need to think about its impact on their current business strategy and what they can do to prepare.

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  • What we Know so far about the Newest Stimulus Package

    December 23, 2020

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  • Coca-Cola’s $3 Billion Blunder

    December 15, 2020

    Coca-Cola recently lost a case in tax court against the IRS on a transfer pricing matter to the tune of $3 billion.  A landmark case that had been ongoing for over five years and a massive win for the IRS.

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  • What you need to know About the CFO of the Federal Government – Janet Yellen

    December 9, 2020

    Janet Yellen is Biden’s current Treasury Appointee. Yellen has supported policies in the past which prioritized everyday Americans over corporations. Some believe that she will use her influence to persuade Congress to pass another stimulus bill, repeal certain aspects of the TCJA enacted during the Trump administration, and extend unemployment benefits to aid the millions of unemployed Americans. Find out more about her policies and the potential impact on businesses and individuals in this article.

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