Income Tax
Scarinci Hollenbeck’s Tax, Trusts & Estates practice group regularly provides content on income taxes. To receive our attorneys' income taxes articles please subscribe to our email list.
President-Elect Trump Tax Strategy Draws Critics and Supporters
Date: November 14, 2016
What is so compelling about the Trump tax strategy? Critics and supporters have been outspoken about Republican president-elect Donald Trump’s tax returns recently. According to a Politico report, the focus of the debate has been over the legality of Trump’s tax-minimizing strategies since 1995. Trump’s tax-minimization strategy draws criticism In a recent story published in the New […]
Why Filing Tax Returns on Time is a Good Idea
Filing tax returns on time I was asked if there is any drawback to not filing tax returns on time or to paying taxes late or not at all. Aside from the obvious, there are other ramifications that may not manifest for some time. We encounter in our practice business owners who have fallen behind […]
End of Year Section 1031 Exchanges
Section 1031 Exchanges Section 1031 or like-kind exchanges have become commonplace and most accountants have one or more individual income tax returns where an exchange is reported. There are however an increasing number of taxpayers who believe they can prepare their personal or business entity returns. While this is not the norm, it prove fatal […]
New York Attempts to Impose Non-Resident Income Tax
Last week, the New York Division of Tax Appeals ruled that the New York Division of Taxation did not have the right to impose a non-resident income tax. This income tax against Patrick J. Carr, a nonresident lawyer, was voided because he is licensed to practice in New York. In the case, the Court ruled […]
