New York Tax Compliance

New York State Corporate Tax Return

In 2014, New York State passed legislation for a major overhaul of New York State Corporate taxation.  It’s seen as one of the largest reforms to corporate taxation in New…

New York Tax Compliance

Foreign Students and New York State Taxes

While foreign individuals attending universities in New York on a F-1 student visa may be exempt from federal income tax, they may be subject to New York State (“NYS”) taxation….

Foreign Tax Preparation International Treaty Tax Compliance

Foreign Tax Credit – Federal and North Carolina

When filing a federal tax return, a taxpayer may qualify for the foreign tax credit.  The foreign tax credit may be claimed for foreign tax imposed on a taxpayer by…

Business Court Case Elections Entity Classification Tax Compliance

S-corporations, Nonresident Aliens and Community Property Laws

An S-corporation is a business entity in which all of the corporate income, losses, deductions, and credits each year are passed through to the shareholders for federal tax purposes.  Shareholders…

Compliance Issues Forms and Filings Tax Compliance U.S. Withholding

FIRPTA Changes Encourage New Wave of Foreign Investment

Congress amended the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”) in the Protecting Americans from Tax Hikes Act of 2015, signed into law on December 18, 2015. …

Compliance Issues Tax Compliance Wills

Executors and Personal Tax Liabilities

When an executor is appointed to an estate, he or she must exercise due care to ensure that he or she is fully aware of the priority of payments that…

Compliance Issues Tax Amnesty Tax Compliance

The White House Speaks on Panama Papers

Following a leak in April of the so-called “Panama Papers,” documents evidencing assets being hidden by shell companies owned by some of the world’s most powerful and influential leaders and…

Compliance Issues Tax Amnesty Tax Compliance

Panama Papers Reveal Hidden Assets of Worldwide Elite

Dubbed the “Panama Papers,” an extensive 11 million document trove from Panamanian law firm Mossack Fonseca was leaked to Süddeutsche Zeitung, Germany’s largest national subscription newspaper; it has been analyzed…