Archive for September 2021
Inside the $80 Billion Plan to Enhance IRS Enforcement
At a glance Schedule a consultation with our team today The full story: While most of DC and the policymaking world focuses on the infrastructure bill, there is a different piece of regulatory news waiting in the wings: tax enforcement legislation totaling $80 billion. As part of the proposals made in the American Families Plan,…
Read MoreTax Update: New Guidance on New York’s Pass-Through Entity Tax Credit
At a glance Schedule a consultation The full story: Hot off the press: on August 25, 2021, New York State issued a Technical Memorandum[1] that provides guidance on its pass-through entity tax. First, let’s take a step back On April 19, 2021, New York State’s 2021─2022 Budget Act was signed into law. The Budget Act includes…
Read MoreSouth Carolina Issues Helpful Guidance for Determining Domicile
By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: Changing the state that you call “home” for income tax purposes isn’t as easy as getting a new driver’s license or updating your mailing address. Impact on your business: In states with limited guidance, taxpayers can use the South Carolina Department of Revenue’s…
Read MoreLegislative Tax Updates that New York and Georgia Taxpayers Should Know
By: Jeff Glickman, SALT Partner At a glance Schedule a free consultation today to learn more! The full story: Below is a summary of recent legislation that was enacted in New York and Georgia. New York gives PTEs another bite at the apple for 2022 Did your pass-through entity not make an election – which…
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