Marcum LLP
Tax & Business
 

Marcum's Tax & Business Services division offers all forms of accounting and regulatory compliance services.

We specialize in a variety of areas including accounting services, bankruptcy & insolvency, business advisory, corporate taxation, family wealth services, financial statements, international taxation, state & local taxation, tax controversy, tax credits & incentives, tax-exempt business, tax return compliance and transaction advisory. Our high degree of specialization ensures that both the advice and services clients receive are specific to their needs.

Members of the Firm's Tax & Business Services division are dedicated professionals who have been involved in accounting and business advisory needs with numerous complex transactions at the local, national and international levels. Our client base includes large corporations, international businesses, foreign nationals, high-net-worth individuals, family business owners, and local business operators, among others. We provide advice and guidance in a highly personalized manner with partner involvement at every level of service.

Our professional staff is augmented by our relationship with Leading Edge Alliance, an affiliation of leading regional public accounting firms in major cities throughout the world. In addition, Marcum offers extensive global resources as the exclusive U.S associated partner firm of ECOVIS International, an accounting and advisory network with members in 60 countries on six continents.

GET IN TOUCH
Contact one of Marcum's regional representatives.

ASK MARCUM

Featured Services


Our International Tax Services Group has the extensive expertise and the technical knowledge to assist companies that are expanding their operations internationally.

LEARN MORE >



Acquiring wealth and building a successful business takes great skill and personal ambition. Managing your wealth and insuring your legacy likewise takes skill and experience.

LEARN MORE >



Our tax, financial planning, and legal expertise cater to your specific needs and incorporate a combination of integrated services, strategies and planning techniques to provide you with optimal guidance and consultation, monitoring and oversight.

LEARN MORE >

 

TAX REFORM INSIGHTS

Stay Informed about the Latest Developments in National Tax Reform

  VIEW TAX REFORM INSIGHTS
 
 

Related News

Proposed Regulations under Passive Foreign Investment Company Regime


Tax Flash - International Taxation

Proposed Regulations under Passive Foreign Investment Company Regime

The PFIC regime is a punitive tax regime established in 1986 with the purpose of denying the benefit of tax deferral to U.S. persons who ....

Refresher on What is a Real Estate Professional and the Importance of Time Logs


Tax Return Compliance

Refresher on What is a Real Estate Professional and the Importance of Time Logs

The passive activity loss rules introduced as part of the 1986 Tax Act made it more difficult for passive investors to deduct losses from investments ....

Final Regulations Issued for Partners Providing Services; Treatment as Employee


Tax Flash

Final Regulations Issued for Partners Providing Services; Treatment as Employee

The IRS finalized regulations stating that a partner providing services to a disregarded entity owned by a partnership cannot be treated as an employee but ....

Tax Benefits of Implementing a Retirement Plan or Upgrading Your Current Plan


Trusts & Estates

Tax Benefits of Implementing a Retirement Plan or Upgrading Your Current Plan

Looking for deductions to lower your tax bill for your small business? Consider the tax benefits of implementing a retirement plan or upgrading your ....

245A (Participation Exemption) Temporary Regulations Eliminating Deduction for Some Foreign Corporation Dividends to U.S. Taxpayers


Tax Flash - International Taxation

245A (Participation Exemption) Temporary Regulations Eliminating Deduction for Some Foreign Corporation Dividends to U.S. Taxpayers

The new participation exemption (245A) regulations eliminate the deduction for certain dividends received by U.S. taxpayers from foreign controlled corporations.

The United States Supreme Court Rules in Favor of Trust


Tax Flash

The United States Supreme Court Rules in Favor of Trust

The Court stated that the presence of in-state beneficiaries will not empower a state to tax trust income should the beneficiaries have no right to ....

Section 179 Deductions: Update


Tax Return Compliance

Section 179 Deductions: Update

Section 179 of the Internal Revenue Code allows a taxpayer to deduct the cost of qualifying property as an expense.

GILTI Final and Proposed Regulations


Tax Flash - International Taxation

GILTI Final and Proposed Regulations

On Friday, June 14, 2019, the Internal Revenue Service issued final regulations, as well as new proposed regulations, for the new anti-deferral regime known as ....

The Kiddie Tax: Reverting to Prior Law


Tax Return Compliance

The Kiddie Tax: Reverting to Prior Law

The kiddie tax was originally created to prevent wealthy parents from shifting income to their children to benefit from their lower tax rate, in order ....

IRS Issues Final Regulations for SALT Charitable Contribution Workarounds


Tax Flash - State & Local Taxation

IRS Issues Final Regulations for SALT Charitable Contribution Workarounds

The Tax Cuts and Jobs Act limits the deduction for state and local income taxes (SALT) for those living in states and localities with high ....

The Impact of the TCJA on Charitable Organizations


Tax Flash - Nonprofit & Social Sector

The Impact of the TCJA on Charitable Organizations

Many sources are predicting that charities may see a substantial difference when individuals start filing their 2019 returns as individuals become more familiar with potential ....

2017 TCJA and Preparing Dependents’ Tax Returns


Tax Return Compliance

2017 TCJA and Preparing Dependents’ Tax Returns

There are many things to consider in the preparation of dependent children’s tax returns.

The Tennessee Department of Revenue Authorized to Enforce Sales Tax Economic Nexus Rule


Tax Flash - State & Local Taxation

The Tennessee Department of Revenue Authorized to Enforce Sales Tax Economic Nexus Rule

Effective July 1, 2019, any out-of-state dealer that exceeds $500,000 in sales during the prior 12 months and engages in regular or systematic solicitation of ....

199A Deduction and New Form 8995/8995-A


Tax Return Compliance

199A Deduction and New Form 8995/8995-A

The Section 199A deduction was enacted as part of the Tax Cuts and Jobs Act of 2017.

City of Santa Monica, CA Six-Week Tax Amnesty Program


Tax Flash - State & Local Taxation

City of Santa Monica, CA Six-Week Tax Amnesty Program

The City of Santa Monica will be conducting a six-week tax amnesty program intended to bring unlicensed businesses into compliance with the city’s business license ....

State of New Jersey: Combined Corporate Reporting Requirement


State & Local Taxation

State of New Jersey: Combined Corporate Reporting Requirement

In 2018, the New Jersey Division of Taxation enacted legislation that mandates combined reporting for tax years ending on and after July 31, 2019.

IRS Issues Proposed Regulations on Qualified Opportunity Zones


Tax Flash

IRS Issues Proposed Regulations on Qualified Opportunity Zones

The Treasury and IRS issued a new set of proposed regulations on Qualified Opportunity Zones last week, which provides additional guidance and offers considerably greater ....

Massachusetts Decides to Retroactively Tax IRC Section 965 Repatriation Income


Tax Flash - State & Local Taxation

Massachusetts Decides to Retroactively Tax IRC Section 965 Repatriation Income

For personal income tax purposes, Massachusetts does not automatically update to the current Federal Internal Revenue Code, including some provisions that may have changed under ....

Kentucky Bill Signed Into Law: Immediate Action Required Regarding Estimated Payments


Tax Flash

Kentucky Bill Signed Into Law: Immediate Action Required Regarding Estimated Payments

On March 26, 2019, Governor Matthew Bevin signed into law House Bill 354, which enacts many tax-related provisions.

The New York Legislature Passes 2019-2020 Budget Bill


Tax Flash

The New York Legislature Passes 2019-2020 Budget Bill

The New York State 2019 budget bill was delivered to Governor Cuomo on April 1, 2019, and he is expected to sign it in short ....

IRS Gives Taxpayers Greater Relief from Penalties for Underpayment of Estimated Taxes


Tax Flash

IRS Gives Taxpayers Greater Relief from Penalties for Underpayment of Estimated Taxes

The IRS has issued additional relief from penalties on those taxpayers who have underpaid their 2018 income taxes.

No More Parking Expense Deduction?


Tax Flash

No More Parking Expense Deduction?

The qualified transportation fringe benefit companies provided to their employees is one of the expenses that generally has been eliminated (IRC Section 274(a)(4)).

The Effect of the 2019 Tax Law on Divorce


Marital Dissolution

The Effect of the 2019 Tax Law on Divorce

The Tax Cuts and Jobs Act of 2017 modified the treatment of alimony payments.

New Depreciation Rules Could Mean More Passenger Vehicles for Business Use


Tax Return Compliance

New Depreciation Rules Could Mean More Passenger Vehicles for Business Use

Tax season is upon us, and with it invariably come over-the-top car commercials exhorting businesses to take advantage of the opportunity for a write-off.

Connecticut Governor’s Budget Proposes Expanding Sales Tax and Eliminating Business Entity and Gift Taxes


Tax Flash - State & Local Taxation

Connecticut Governor’s Budget Proposes Expanding Sales Tax and Eliminating Business Entity and Gift Taxes

Connecticut Governor Ned Lamont has proposed a new budget for the 2020 fiscal year, beginning July 1, 2019 and ending June 30, 2020, that includes ....

Maryland Taxes Single Member Limited Liability Company


Tax Flash

Maryland Taxes Single Member Limited Liability Company

On January 17, 2019, the Maryland Tax Court ruled that multiple single member LLCs were subject to the 8.25% nonresident tax on income allocable to ....

Fiduciary Income Tax Planning Utilizing the § 645 Election


Trusts & Estates

Fiduciary Income Tax Planning Utilizing the § 645 Election

Given the possibility of having to file an income tax return for both the estate and the trust, a unique opportunity presents itself to utilize ....

A New Tax Credit Based on an Old Law


Tax Compliance

A New Tax Credit Based on an Old Law

Since the Family and Medical Leave Act was enacted in 1993, employers have been required to provide employees with temporary leave, up to 12 weeks, ....

Sales of Publicly Traded Partnerships Are No Easy Task to Report on Your Taxes


Tax Compliance

Sales of Publicly Traded Partnerships Are No Easy Task to Report on Your Taxes

Sales reporting of publicly traded partnerships, also known as master limited partnerships, is governed by the IRS rules and regulations on partnerships.

Pennsylvania Treatment of GILTI and FDII: Corporation Tax Bulletin 2019-02


Tax Flash - International Taxation

Pennsylvania Treatment of GILTI and FDII: Corporation Tax Bulletin 2019-02

On January 24, Pennsylvania’s Department of Revenue released Corporate Tax Bulletin 2019-02, addressing the Pennsylvania tax treatment of GILTI and FDII.

New York Issues Guidance in Response to the United States Supreme Court decision in South Dakota v. Wayfair, Inc.


Tax Flash - State & Local Taxation

New York Issues Guidance in Response to the United States Supreme Court decision in South Dakota v. Wayfair, Inc.

New York State today published a notice announcing that the State intends to immediately enforce existing rules requiring the collection and remitting of New York ....

State of Connecticut Pass-Through Entity Re-characterization


Tax Flash - State & Local Taxation

State of Connecticut Pass-Through Entity Re-characterization

The State of Connecticut's Department of Revenue Services (DRS) has issued notices informing many taxpayers that their elections to re-characterize personal estimated tax payments as payments ....

Connecticut LLC Entities: Beware of Tax Scam in Mail


Tax Flash

Connecticut LLC Entities: Beware of Tax Scam in Mail

The Connecticut CPA Society (CTCPA) has issued a notice informing business owners organized as Limited Liability Companies (LLCs) of a fraudulent request for payment being ....

Form 1099 Filings for Year-End 2018 Due January 2019


Tax Flash

Form 1099 Filings for Year-End 2018 Due January 2019

Happy New Year to our readers! Now that 2019 is upon us, businesses are gearing up for reporting season.

 
2018 YEAR-END TAX GUIDE

The Marcum 2018 Year-End Tax Guide continues our tradition of providing timely tax guidance for the upcoming year.

 
 
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.