WASHINGTON – The Trump administration is pushing American businesses to withhold fewer taxes from paychecks by February, aiming to quickly deliver the boost in take-home pay that Republicans promised their tax law would bring. But the rush could expose millions ...

Tagged with: President Donald Trump tax law

One of the cornerstones of then-candidate Donald J. Trump’s promise to “Make America Great Again” was substantial reform of the federal tax system. On April 26, President Trump introduced a single-page plan summarizing his proposals in very brief, sweeping terms. ...

Tagged with: Jason Klimek tax law

As we move closer to substantive Congressional discussions regarding tax reform, which assumedly will encompass both individual and corporate tax packages, one area which will inevitably share the spotlight is the potential for another repatriation tax holiday. U.S. based corporations ...

Tagged with: James P. Schnell Keeping Your Balance tax law

Many American companies with international operations have left profits in other countries to avoid U.S. taxation at rates as high as 35%, which ranks as the third highest in the world behind Chad and the United Arab Emirates. Companies have ...

Tagged with: Donald Trump Keeping Your Balance Ryan Snyder tax law

“A little hyperbole never hurts. People want to believe that something is the biggest and the greatest and the most spectacular. … I call it truthful hyperbole. It’s an innocent form of exaggeration — and a very effective form of ...

Tagged with: Donald Trump tax tax law

It is that time of year again when we brave the holiday crowds, throw out our backs shoveling snow, and … sharpen our pencils to do some fun year-end tax planning.  While this should be done throughout the year, many ...

Tagged with: Donald Trump Keeping Your Balance Kevin J. McPherson tax law

WASHINGTON, D.C. — The nation’s tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements. That’s the equivalent of 3 million people working full-time, year-round. As a ...

Tagged with: tax law

New York State Court of Appeals Tax Law Resale Exemption EchoStar Satellite Corp. v. Tax Appeals Tribunal of the State of New York, et al. No. 87 Judge Graffeo Background: On appeal, the issue was whether a satellite television provider’s ...

Tagged with: New York State Court of Appeals tax law

U.S. Court of Appeals for the Second Circuit Tax Law Substance Over Form Altria v. USA 10-2404-cv Judges Newman, Leval and Pooler Background: The plaintiff-appellant appealed from the denial of its motion for judgment as a matter of law, or ...

Tagged with: tax law u.s. court of appeals for the second circuit

New York has finally changed a tax law that made investors pay for the sales tax liabilities of the companies they invested in. The law changes how much members of limited liability companies are on the hook for, as long as they have less than a 50 percent ownership interest ...

Tagged with: New York State tax law

The new tax law, which contains changes to estate, gift and income tax rules, should keep estate planning attorneys busy advising clients on retirement planning for at least the next two years.

Tagged with: attorneys changes estate planning tax law

New York State Court of Appeals Tax Law Cigarettes — Indian Vendors Cayuga Indian Nation of New York v. Gould No. 74 Appealed from the Fourth Department Background: In an appeal involving a dispute between law enforcement authorities and the ...

Tagged with: cigarettes New York State Court of Appeals tax law