Jan 17, 2017 | Firm Updates, Individual Tax, Tax Tips
The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made “permanent” a little over a year ago. This break can be valuable to those residing in states with no or low income taxes or who...
Jan 17, 2017 | International Tax
Last week we discussed some of the issues that can arise with the ownership of foreign real estate. Here is one situation we encountered: A decedent died owning land in the Dominican Republic. The executor was unable to locate the appropriate documentation to prove...
Jan 11, 2017 | Firm Updates, Individual Tax, Tax Tips
If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s April 18 deadline. You might even want to file for an extension so you don’t have to send your return to the IRS until October 16. But there’s another...
Jan 9, 2017 | International Tax
As we continue to endure the long winter, many of us start dreaming of trips to a summer cottage or cabin out of state for some quiet relaxation—or we start to gear up for renting out a summer property to vacationers. Although there are estate and income tax...
Jan 6, 2017 | Firm Updates, Small Business
The New York State Department of Labor rule that increases overtime exempt salary thresholds for New York employees is now in effect as of December 31, 2016. Employers in New York must comply with the new overtime salary thresholds as outlined in the chart below....
