TAX REFORM: The Tax Cuts & Jobs Act: Implications for Banking

   January 17, 2018

As 2018 gets underway, taxpayers are grappling with the provisions of the sweeping tax reform signed into law on December […]

Anchors Aweigh! The 2015-2016 New York State Budget Bill

   June 30, 2015

The New York State Legislature recently passed the 2015-2016 Budget Bill (the “Budget Bill”), provisions which alter New York State […]

Tax Provisions in the Administration’s Fiscal Year 2016 Budget

   June 30, 2015

President Obama’s proposed 2016 budget contains new provisions as well as some from previous budgets – it includes plans to […]

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U.S. Commerce Department Form BE-10 – Mandatory Filing

   June 30, 2015

Deadline Approaches for Complying with the 2014 Benchmark Survey of U.S. Direct Investment Abroad Reports The Bureau of Economic Analysis […]

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New York State Bank Tax Reform

   March 26, 2014

On January 21, 2014, Governor Andrew Cuomo released his Executive Budget for the 2014-2015 fiscal year. The budget incorporates a […]

September 11, 2013 – Employment Taxes and Special Administrative Procedures for Employers to Make Adjustments or Claims for Refund or Credit after Windsor

   January 21, 2014

The IRS recently issued Notice 2013-61 to provide streamlined alternative procedures to allow employers and employees to claim refunds or adjustments for 2013 and prior years for employee benefits provided to same-sex spouses. Until the recent Supreme Court decision in Windsor, employers withheld and paid income and employment taxes on employee benefits provided to the same-sex spouse of an employee because the marriage was not recognized for Federal income tax purposes.