Spousal Lifetime Access Trusts, or “SLATs,” may be the ideal vehicle for clients interested in pursuing wealth-transfer tax planning.
A SLAT is an irrevocable trust created by one spouse for the primary benefit of the...more
The Internal Revenue Service recently issued Revenue Procedure 2021-45 providing calendar year 2022 inflation adjustments for more than sixty tax provisions. Two of these adjustments are of particular interest to estate...more
On June 13, 2021, a long awaited update to New York’s law on Powers of Attorney (“POAs”) took effect with the primary goal(s) of simplification, streamlining the execution process and increasing POA acceptance by third...more
Spousal Lifetime Access Trusts, or “SLATs,” may be the ideal vehicle for clients interested in pursuing wealth-transfer tax planning. Before deciding whether SLATs may be right for you and your family, it’s important to...more
The following is a summary of certain key tax provisions relevant to businesses outlined in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act"-- H.R. 748). The CARES Act provides financial support to...more
4/7/2020
/ Banks ,
Business Closures ,
Business Interruption ,
CARES Act ,
Centers for Medicare & Medicaid Services (CMS) ,
Compliance ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
Families First Coronavirus Response Act (FFCRA) ,
Federal Loans ,
Financial Stimulus ,
Health Care Providers ,
Healthcare ,
Lenders ,
Lending ,
Liquidity ,
Medicaid ,
Medicare ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Small Business ,
Tax Relief ,
Unemployment Insurance
Responding to the COVID-19 pandemic and the federal national emergency declaration, both the federal and New York State governments have extended tax filing and tax payment deadlines for certain taxpayers.
Federal Tax...more
The Families First Coronavirus Response Act (the “Act”) signed into law on March 18,2020 (Public Law No. 116-127) provides for, in addition to other relief, payroll tax credits for paid sick leave and paid family leave...more