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Tax Breaks and Incentives: Highlights of the New York State 2023-2024 Budget

On May 3, 2023, New York Governor Kathy Hochul signed A3008/S3008 and A3009/S3009 into law. Among its various tax provisions, legislative highlights include: CORPORATE TAX RATES CREDITS AND INCENTIVES…

Blogs News Tax Transaction

The Inflation Reduction Act Sparks Green Revolution in Real Estate Development with Billions in Tax Breaks

It may be said that when President Biden signed the Inflation Reduction Act of 2022 (“IRA”) into law on August 16, 2022, a new “Green” era began. The IRA…

Blogs News Tax Transaction

Tax Considerations in Middle Market Transactions

While the mega-mergers and acquisition (M&A) transactions get all the headlines, the number of deals in the middle market far exceeds those that make the mainstream headlines and are…

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Seller’s Beware: State Income Tax Implications on Gains from Sales of Partnership Interests

The field of state income taxation is constantly evolving and continually riddled with complexity. One particular area pertains to state income taxation of gains arising from sales of interests…

Events News Tax Transaction

Unclaimed Property: Self-Audit Notices on the Rise

As states gain access to a wealth of benchmarking data, they can now more accurately identify companies suspected of underreporting or not reporting unclaimed property. This has led to a…