Marcum LLP
Tax News


CNBC again quoted Tax Principal Michael D’Addio in a story about IRS efforts to prevent workarounds that circumvent the federal cap on deductibility of state and local taxes.

 

The Internal Revenue Service and Treasury Department will release new rules to address workarounds by high-tax states that are designed to help their residents manage ....


Foreign-Derived Intangible Income

 

Enacted as part of the 2017 Tax Cuts and Jobs Act, new Internal Revenue Code Section 250 creates a new tax deduction for income derived ....


Hillary Rodham Clinton to Keynote 2018 Marcum Women’s Forum in New York

 

Marcum LLP today announced that Former Secretary of State Hillary Rodham Clinton will be the keynote speaker at the Marcum Women's Forum in New York ....


Bloomberg News quoted Tax Partner Edward Reitmeyer in a story about the growth of dynasty trusts under the new tax law.

 

Many of the biggest beneficiaries of President Donald Trump's tax overhaul haven't even been born yet. The new law doubles the amount that can be ....


CNBC quoted Tax Principal Michael D’Addio in an article about tax “workarounds” to avoid the new federal ceiling on deducting state and local taxes on your federal return.

 

A number of high-tax states have recently passed legislation to help residents manage new caps on their ability to take federal tax deductions.


Tax Cuts and Jobs Act: What is the New Qualified Business Income?

 

The Tax Cut and Jobs Act of 2017 provides for a new deduction for partners, shareholders, and other owners of pass-through entities, known as the ....


MarketWatch published an article by Tax & Business Services Manager Michael Feinfeld about common estate planning disasters to avoid.

 

An approximately $30 trillion transfer of wealth is currently under way in the U.S. as aging baby boomers pass their assets to successive generations. This ....


Newsday quoted national Tax Leader Joseph Perry in an article about the windfall to New York’s U.S. Senators Chuck Schumer and Kirsten Gillibrand under the new tax law.

 

New York's Democratic senators - who publicly release their returns each year - will likely owe thousands of dollars less tax for 2018 thanks to ....


Tribune News Service asked Trusts & Estates Partner Janis Cowhey for advice in an article about the importance of planning ahead for assets that will later be inherited by a child.

 

Sometimes even families present only enough facts so that it looks like a no-brainer, but you have to consider everyone else's tax implications.


amNY quoted national Tax Leader Joseph Perry in an article about the taxes paid by New York City Mayor Bill de Blasio and his wife.

 

Mayor Bill de Blasio and his wife on Tuesday reported income of about $223,000 from his municipal salary and gave $350 in charity.


Logo TV interviewed Tax Partner Janis Cowhey for a NewNowNext article on what same-sex married couples should know about filing their taxes.

 

Few people would say they enjoy doing their taxes, but Tax Day causes extra stress for same-sex households, according to a recent survey from Credit ....


A Connecticut Post columnist urged readers to attend a panel featuring Greenwich Office Managing Partner John Mezzanotte discussing changes for high net worth taxpayers under the new tax law.

 

Due to tax law changes, 2018 presents a different environment than 2017 - but how different? Estate taxes have changed dramatically on both the federal ....


CNBC spoke with national Tax Leader Joseph Perry about how to mine your 2017 tax return for savings opportunities in 2018.

 

This spring, don't just stuff your completed tax return into a drawer. Go through it for savings opportunities you can seize right now.


Recalculating for Small Business invited Tax Principal Michael D’Addio onto the radio show to discuss tax changes for independent contractors in the gig economy.

 

Recalculating for Small Business invited Tax Principal Michael D’Addio onto the radio show to discuss tax changes for independent contractors in the gig economy.


Mic.com interviewed Tax Partner Janis Cowley, national leader of the Modern Family & LGBT Services group, for an article about what same-sex married couples should know about filing their taxes.

 

Few people would claim to love doing their taxes, but tax day is unarguably more difficult for some than it is for others. While confusing ....


New York State 2018-2019 Executive Budget

 

New York Governor Andrew Cuomo announced the adoption of New York State's 2018-2019 Executive Budget on March 30, 2018.


Bloomberg BNA’s Daily Tax Report published Part II of Tax Manager Ragini Subramanian’s article on the complex requirements of expatriation.

 

In Part 2 of a two-part article, Ragini Subramanian of Marcum LLP walks through determining the value, type, and location of a taxpayer's assets on ....


Bloomberg BNA’s Daily Tax Report published Part I of an article by Tax & Business Services Manager Ragini Subramanian about the intricacies of becoming an expatriate.

 

In Part 1 of a two-part article, Ragini Subramanian of Marcum LLP analyzes factors to consider when contemplating expatriation, including whether the taxpayer is a ....


Florida Passes New Tax Rate Reductions for Commercial Properties

 

Florida passes House Bill 7087, which includes a reduction of the sales tax rate for commercial rentals, along with other tax changes.


Farewell to the Offshore Voluntary Disclosure Program: The IRS Pulls the Plug

 

In spite of its many iterations since 2009 and the 56,000 new taxpayers with their $11 billion added to Internal Revenue Service coffers, on September ....


Long Island Business News interviewed Tax Leader Joseph Perry for an article about the new tax treatment of stock options granted to executive employees earning more than $1 million.

 

While a corporate tax cut that brought the top rate down from 35 percent to 21 percent is widely seen as the centerpiece of the ....


IRS Issues Notice to Explain New Toll Tax

 

On March 13, 2018, the Internal Revenue Service issued additional guidance to help taxpayers meet their filing and payment requirements under the new Section 965 ....


Inc. magazine quoted Philadelphia Tax Leader Ed Reitmeyer in an article about errors in the new federal tax law that could cost taxpayers big money.

 

Many entrepreneurs have celebrated President Trump's signature legislative achievement, the 2017 Tax Cuts and Jobs Act, for decreasing their annual tax bills.


Financial Advisor magazine interviewed Greenwich, CT, Office Managing Partner John Mezzanotte for an article about the loss of certain itemized tax deductions under the Tax Cuts & Jobs Act of 2017.

 

Under the tax reform legislation passed by Congress late last year, several familiar itemized tax deductions have ceased for 2018, such as those for unreimbursed ....


IRS Releases Updated Withholding Calculator and New Form W-4

 

Of the many changes enacted by the new tax law some of the most significant impact individuals, such as an increased standard deduction, elimination ....


The Tax Adviser published an article co-authored by Tax Director Don Zidik, about recent developments in individual taxation.

 

This article is a semiannual review of recent developments in the area of individual federal taxation, including issues of deductible alimony, trade or business expenses, ....


California Preliminary Report on Specific Provisions of Federal Tax Reform

 

The Tax Cuts and Jobs Act of 2017 will have many consequences for taxpayers in the State of California.


Global Intangible Low Taxed Income: A Step Away from Territorial

 

The new tax reform law has been widely touted by the media as transforming the U.S. into a territorial system of taxation as used by ....


FASB's Q&A Guidance on the Impact of Tax Reform on Financial Accounting

 

After the Tax Cuts and Jobs Act was passed, concerns were raised to the Financial Accounting Standards Board regarding implementation of certain provisions of the ....


New Tax Treatment of Alimony

 

Of the many changes for individual taxpayers wrought by the Tax Cuts and Jobs Act of 2017, one of the most sensitive is the new ....


The New York Times quoted national Tax Leader Joseph Perry in an article discussing the complexities and confusion created by the Tax Cuts & Jobs Act, and the likely battles yet to come in Congress.

 

Never mind that once in a generation tax bill that just passed last year. Congress is headed for years more of big fights over taxes, ....


The Impact of Tax Reform on Financial Accounting

 

On December 22, 2017, the Tax Cuts and Jobs Act, was signed into law. The Act will have a significant impact on financial reporting issued ....


The New Corporate Blended Rate for Fiscal Year Entities

 

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act into law, changing the entire U.S. tax landscape. A major component ....


Commercial Building Energy Tax Incentive Extended for 2017

 

Early in the morning on February 9, 2018, to avert an impending government shutdown, Congress passed a large omnibus budget titled the Bipartisan Budget Act ....


Long Island Business News wrote about the advice Marcum panelists gave to businesses considering restructuring as C-corps, during the Firm’s recent tax reform seminar in Melville.

 

Much of the Marcum seminar focused on the taxation differences between C‐corps and pass‐through entities, which include partnerships, S‐corporations, limited liability companies and sole proprietorships.


New IRS Directives Issued for Transfer Pricing Examinations

 

On January 12, 2018, the Large Business and International Division of the Internal Revenue Service issued five directives which provide instructions on how IRS agents ....


Bipartisan Budget Act of 2018

 

The Bipartisan Budget Act of 2018, enacted last Friday, February 9, contains a number of tax breaks for both individuals and businesses. These include the ....


The Hartford Business Journal quoted Connecticut Tax Partner-in-Charge Brett McGrath, in an article about the impacts of the Tax Cuts & Jobs Act of 2017.

 

More than 30 years after digesting the last major federal tax overhaul, Connecticut accountants and legal advisers working to interpret the latest changes to the ....


The Hartford Business Journal published a column by Tax Services Director Marla Esan about the impacts of the Tax Cuts & Jobs Bill for nonprofit organizations.

 

Like every sector, nonprofits won some and lost some in the Tax Cuts & Jobs Act. Here is a brief summary of the provisions impacting ....


How the Tax Cuts and Jobs Act Affects Real Estate Entities

 

On December 22, 2017, a new tax reform bill known as the Tax Cuts and Jobs Act was signed into law. The Act will affect ....


CNBC quoted Tax Principal Michael D’Addio in an article about adjusting paycheck withholdings to comply with the new tax rates for individuals.

 

In January, the Treasury Department released its income tax withholding tables, updated to reflect changes stemming from the Tax Cuts and Jobs Act. The new ....


Bloomberg News quoted Ed Reitmeyer, Philadelphia partner-in-charge of Tax Services, in an article about tax strategies for owners of pass-through businesses under the new tax law.

 

If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance. The ....


Workandmoney.com interviewed Tax Partner Diane Giordano for an article about what the new tax law means for small businesses.

 

The new tax law became both the beauty and the beast for companies of all sizes across the country when 2018 officially opened for business.


Fox Business spoke with Tax Principal Michael D’Addio about the need to adjust paycheck withholdings under the new tax law.

 

As employees begin to receive their updated paychecks based on the new tax code changes, many are seeing incorrect withholding amounts, which could lead to ....


Long Island Business News reported on the Marcum tax panel the publication’s editor is co-moderating with Melville Office Managing Partner Carolyn Mazzenga.

 

Long Island Business News Editor Joe Dowd and Marcum Melville Office Managing Partner Carolyn Mazzenga are set to moderate a series of panel discussions tonight ....


Bloomberg’s Talking Tax podcast invited Tax Principal Michael D’Addio onto the show for a discussion about whether the new tax law will drive pass-through entities to convert to C-Corporation status.

 

The new tax law lowers the corporate tax rate to 21 percent—a change that some lawmakers have suggested could prompt pass-through entities to convert to ....


Long Island Business News quoted State & Local Tax Leader Paul Graney in an article about options New York State is considering to counter the regional tax impact of the federal Tax Cuts & Jobs Act.

 

Facing new federal rules that limit state and local tax deductions, New York and California are considering options to give their residents a big federal ....


CFO.com published an article by Tax Leader Joseph Perry and Tax Principal Michael D’Addio, discussing the pros and cons of C-corporation v. pass-through entity status under the new tax law.

 

A 21% income tax rate might sound appetizing to some pass‐through entities, but C‐corporation status doesn't suit every organization.


Associated Press quoted Tax Principal Michael D’Addio in an article about how small businesses are capitalizing on the new tax law.

 

Although there are still many unknowns about the tax law that took effect Jan. 1, some small business owners have already figured out that they ....


Newsday cited an analysis of President Trump’s leaked tax return by New York Tax Partner-in-Charge Maury Cartine for NBC News.

 

The Joint Committee on Taxation, Congress' official nonpartisan budget analysts, reported that a pending Senate bill would give large tax cuts to millionaires while raising ....

 
 
HAVE A QUESTION? ASK MARCUM
 
 
STAY IN TOUCH.

SIGN UP TODAY FOR MARCUM'S NEWSLETTERS.

ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

Learn More

CONNECT WITH US
OFFICES

Headquarters
750 3rd Avenue, 11th Floor
New York, NY 10017

Find an Office

(855) MARCUM1
info@marcumllp.com

FOUNDATION

Marcum Foundation

AFFILIATIONS

Leading Edge Alliance

Privacy Policy

This website uses cookies to learn how visitors interact with our website so that we can improve our services and your online experience. By using this website, you agree to our privacy policy.