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Hot Topics / Insights

Major Changes to Interest Expense Deductibility Coming Next Year

Joseph Most 11.5.21 | Client Alert Initially included as part of the Tax Cuts and Jobs Act of 2017 (“TCJA”), the current iteration of IRC section 163(j) (“163(j)”) limits the […]

Protecting Retirement Plan Assets and Data from Cybercriminals

Erica Rice 11.3.21 | Berdon Vision With hackers becoming more and more sophisticated and the fact that some Plan Sponsors and fiduciaries may not have the security necessary to properly […]

Exiting Your Business with an ESOP

John Fitzgerald and Stanley E. Bulua, Esq. 10.25.21 | Berdon Vision In need of an exit strategy? An Employee Stock Ownership Plan (ESOP) might be the answer. After a lifetime […]

Year-end Tax Loss Harvesting with Cryptocurrencies

Kevin Wong 10.19.21 | Client Alert In the fast-evolving world of cryptocurrencies, tax loss harvesting is an important strategy that can help taxpayers minimize their tax bill. Tax loss harvesting occurs […]

New York State Extends Certain October 15 Tax Deadlines Pass-Through Entity Tax Election (October 15) NOT Extended

The Berdon SALT Team 10.13.21 | Client Alert The New York State Department of Taxation & Finance (the “Department”) has announced that certain October 15 tax deadlines have been extended […]

Deadline Approaching – October 15 Deadline to Opt Into the Pass-Through Entity Tax (PTET)

Sarah S. Kim 10.7.21 | Client Alert October 15 Deadline If you wish to participate in the optional PTET for 2021, the deadline to opt in is October 15, 2021. […]

Proposed Tax Reform Significantly Impacts Estate Planning—What You Should Do Now

Ada Clapp 9.28.21 | Client Alert As you have likely heard, on September 13, 2021, the House Ways and Means Committee released its proposal for revenue raising tax changes to […]

Pass-Through Entity Tax Additional Guidance Finally Issued by New York State

Berdon Tax Team 9.9.21 | Client Alert The October 15, 2021 deadline is quickly approaching for making the New York State Pass-Through Entity Tax (PTET) election for 2021. The New […]

Navigating the New York Pass-Through Entity Tax – A Handy FAQ Guide

Berdon Tax Team 8.24.21 | Client Alert PTE Tax Basics Question:  What is the New York Pass-Through Entity (PTE) tax? Answer:  It is an optional tax imposed on the net […]