Tax
Tax Articles
Improperly Forgiven PPP Loans
Don’t mistake forgiveness for tax-free treatment A memorandum from the Office of Chief Counsel at the Internal Revenue Service...
Tax Articles
Employee Retention Credit…There are Still Opportunities Available
The Employee Retention Credit (“ERC”), which started for wages paid after March 12,2020, and had various tax law provision...
Tax Articles
New York Tax Law Changes
New York Passes Several Law Changes – NYC PTET – New NYC Definitions of Doing Business for Corporations The...
Tax Articles
New Jersey Holiday Sales Tax
New Jersey sales-tax holiday on back-to-school items begins Saturday and runs through Labor Day. The suspension of the state’s...
Tax Articles
Internal Revenue Service Pandemic Penalty Relief
Internal Revenue Service provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic To help...
Tax Videos
Research & Development Expenses
Please join Brad Muniz and Scott Cost, SobelCo, as they discuss the significant changes and qualifications surrounding Research and...
Tax Articles
Deductibility of Environmental Remediation Costs
Environmental remediation costs can be deductible trade or business expense in the year they were incurred or must be...
Tax Articles
The Inflation Reduction Act
President Joe Biden signed the Inflation Reduction Act into law on August 16, 2022. Highlighted below are some of...
Tax Videos
Tax News You Can Use | Q3 2022 Updates
Please join Mariana Moghadam and Doug Finkle, SobelCo, as they discuss federal, state, local, and international tax updates for...
Tax Articles
New Proposed Schumer-Manchin Bill to Raise Corporate Tax Rate
President Joe Biden had promised to increase taxes on corporations and the wealthy. His early proposals hit a brick...
Tax Articles
New York Vacation Homeowners May Be Able to Avoid New York Residency Tax
Recently, an appeals court ruled that out-of-staters with New York vacation homes don’t have to pay income taxes as...
Tax Articles
Who Gets to Claim a Child as Dependent When the Parents Are Divorced or Separated?
There are specific rules that need to be followed to determine who can claim a child as dependent when...