Insight

Infographic: Read this before making plans for an inherited windfall.

Join MWE’s director of SALT, Joseph Pizzimenti, Esq., on Wednesday, July 17th for a complimentary webinar where he will be giving updates on the Wayfair decision, what’s hot in SALT, and what to expect next. Attendees will earn one CPE credit. Please click here for more information or to register today.

as published in Trust and estate issues are always complex. While fiduciary and individual income tax matters in the past have generally been dissimilar, the new tax law compounds the differences. In contrast to individuals, trusts and estates can still claim certain deductions between now and 2025 that will save…

Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have gotten a refund in past years wound up owing money. The IRS reports that the number of refunds paid this year is down from last year — and the average refund…

When the Tax Cuts and Jobs Act was enacted in 2017, it was largely heralded as a good move for real estate owners and developers across New York state. However, two new provisions within the law have created unusual dynamics for this group – with one change that may not be pegged as so positive.…

May highlights from The MWE Advisor: Despite changes in the tax law, you may still be able to receive generous tax benefits for home improvements; IRS announces changes for personal use of employer-provided vehicles.

Infographic: New grads need to watch out for these financial pitfalls.  

The MWE Marketing team hosted its third annual post-busy season “Escape the Office” event for the staff. This year, our Training Room was transformed into a casino. Each team started with 50 poker chips and the goal was to escape the casino with the most amount of poker chips in 30 minutes or less. Check…

Receiving notice that you’re being audited by the IRS may send you into a frenzy. But experts recommend taking a deep breath. Last week, U.S. News & World Report spoke to MWE tax partner Lance Christensen about how you know if you’re being audited, what the actual procedure is, and whether you should hire…

As a result of the new tax law, an increasing number of residents are looking to leave high-tax states such as New York and California, but these states are not making it easy. Fox Business recently caught up with MWE tax partner Lance Christensen to talk about how certain states are becoming aggressive when…

The IRS plans to release a new W-4 form for use in 2020, with a draft arriving by May 31. Fox Business spoke with MWE senior manager Jennifer Bobé about the purpose of the new form and what changes are expected.      

In this episode of the Margolin Minute, MWE partner Al Materazo talks about the importance of face-to-face meetings with your business advisors.

Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more.

April highlights from The MWE Advisor: Record retention guidelines to remember during spring cleaning; Delinquent taxpayers may experience passport issues.

Infographic: Family businesses rule! Here’s how.

In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors and employees. What can you deduct on your tax return for these expenses? The rules changed under the Tax Cuts and Jobs Act (TCJA), but you can still claim some valuable write-offs.

In a move towards transparency, Presidential candidate Sen. Elizabeth Warren released her tax returns to the public this week. In response, CNBC.com sat down with MWE tax partner Lance Christensen to get insight into her return from a tax planning standpoint, and to share general advice for tax payers.  

Real estate investing is likely at its peak, with crowded markets, flat pricing, shrinking returns, and strain showing. That’s according to a recent article published on FundFire, a Financial Times news service, where MWE partner Nuruz Rahman and other real estate experts weigh in on the state of the private real estate investing market.  …

Infographic: These sneaky, recurring charges can cost you hundreds of dollars.

as published in Financing is the lifeline of all real estate investments and leverage allows development to continue without putting one’s own capital further at risk. The new Tax Cuts and Jobs Act places some limitations on the deduction of business interest, however, which could put a kink…

March highlights from The MWE Advisor: 5 last minute tips to lower your 2018 taxes and answers to your organization’s family and medical leave credit questions.

MWE will be sponsoring iGlobal’s 9th Real Estate Mezzanine Financing Summit on May 7, 2019. Partner Wayne Olson, CPA, JD, will be the main presenter and facilitator of a real estate roundtable discussion titled “Outlining the key business models and applications of the Opportunity Zone incentive.” The day long summit is being held…

MWE partner Amy Joyce talks to U.S. News & World Report about what investors need to know about investment tax forms this year, including how they have changed, why you may have received a corrected 1099 form, and what it means if you didn’t receive one.    

Fun fact: Ancient Incans took a “crafty” approach to accounting.

Will big tax changes mean smaller refunds? MWE Tax Director Joseph Pizzimenti, Esq., offers Pix 11’s ‘Financial Fix’ the answer to this very important question that’s on the mind of many New Yorkers. See his response in this video clip.      

Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why? The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for these “pass-through” entities.

If you have never received a 1099 form before, you may want to familiarize yourself with this important tax form. MWE tax partner Lance Christensen and tax director Debbie Oster talk to U.S. News & World Report about the form, why you may receive one, common types of 1099 forms, and why it’s never…