Insights

“Taxpayer Hell!” screamed a headline in a New York Magazine article addressing New York State residency audits.

For most small and mid-sized organizations, cloud computing is now a widely-accepted, convenient transformative technology solution that relies on a service provider to deliver a shared pool of computing capabilities (e.g. servers, storage, routers) to its customers over a private, public or hybrid network.

Part IX-A of the federal Form 990-PF asks the foundation to list its four largest direct charitable activities. Often we are asked by our clients if it is necessary to provide this information and, if so, what type(s) of activities should be listed.

The IRS has begun issuing Advisory and Opinion Letters approving prototype and volume submitter plan documents for Section 403(b) plans. Several vendors who provide document preparation services have announced that they have received the necessary approval from the IRS to prepare and issue these plan documents.

On Thursday, May 4, 2017, the House of Representatives voted to approve the American Health Care Act (AHCA), H.R. 1628, by a slim margin vote of 217 to 213. If enacted, the AHCA would repeal and replace major pieces of the Patient Protection and Affordable Care Act.

Can states ignore a U. S. Supreme Court decision in order to raise additional tax revenue?

Gary Cohn, Director of the National Economic Council, and Steven Mnuchin, Secretary of the Treasury, unveiled a high-level overview of President Trump’s tax plan.

We recently completed our annual survey of private equity groups in the Northeast and Mid-Atlantic (fund size under $1 billion) and some interesting things emerged.

We recently received an increasing number of inquiries regarding tax compliance with respect to payments to vendors — and, especially, foreign vendors.

By now, advisers and others within the investment community are familiar to some degree with the amendments to Rule 206(4)-2 under the Investment Advisers Act of 1940 (the “Custody Rule” or the “Rule”).