IRS Simplifies Late Portability Election for Surviving Spouses
The IRS recently released Revenue Procedure 2017-34 simplifying the method to extend the time to make a late portability election for estates of decedents leaving a surviving spouse.
Dealing with Sensitive Data
Over the past few years, many organizations have found themselves in a position where they have to defend their reputation due to the unauthorized release of sensitive data.
Don’t Bite Off More than You Can Chew
Congratulations! Someone has expressed interest in purchasing your business.
IRS Re-Releases New Partnership Audit Rules — What Now?
The Internal Revenue Service (“IRS”) re-released the proposed new partnership audit rules and guidance.
PKF O’Connor Davies Business Profile Featured in NJBIZ Magazine
NJBIZ Magazine featured business profiles of several prominent businesses in New Jersey – including PKF O’Connor Davies.
FASB Issues Guidance on Down Round Features of Financial Instruments
The Financial Accounting Standards Board (the FASB or the Board) issued Accounting Standards Update (ASU) 2017-11 with the intent to simplify the accounting for certain equity-linked financial instruments (or embedded conversion options) that use down round features.
Sins Sell – But What about the Sales and Excise Taxes
Sins — those related to drinking (alcohol or sugary drinks), smoking (tobacco or marijuana), gambling, or sex — have been around for quite a while.
Here We Go Again: Proposed Tax Reform
Recently, two members of the Senate Finance Committee introduced a bill entitled “Charities Helping Americans Regularly Throughout the Year (CHARITY) Act of 2017” (the “Bill”).
Paid Family Leave — New Benefit Under New York Workers Compensation Laws
A new benefit called Paid Family Leave will soon become part of the New York Workers Compensation Laws.
Robert Raiola quoted in ESPN article, “Raiders’ move to Las Vegas will save Derek Carr $8.7 million in taxes”
Robert Raiola’s tax chart and quote are featured on espn.com