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Hurricane tax relief has many pieces. On Sept. 29, Congress passed the Disaster Tax Relief and Airport and Airway Extension Act of 2017, to assist victims of Hurricanes Harvey, Irma and Maria. President Trump quickly signed it into law. The relief includes help for individuals and a valuable tax credit for eligible employers whose businesses were “rendered inoperable” for some period after the disaster. The “employee retention credit” equals 40%...
Read moreCheckpoint Special Study: Tax Provisions in the 2017 Disaster Tax Relief Bill – Thomson Reuters Tax & Accounting https://tax.thomsonreuters.com/media-resources/news-media-resources/checkpoint-news/daily-newsstand/checkpoint-special-study-tax-provisions-in-the-2017-disaster-tax-relief-bill/ | Gerson Preston
Read moreIf You Traded Bitcoin, You Should Report Capital Gains To The IRS | Gerson Preston The IRS considers cryptocurrencies, including Bitcoin, to be “intangible property.” Investors and traders holding cryptocurrency as a capital asset should use capital gain or loss tax treatment on sales and exchanges, with the realization method. For example, if you buy Bitcoins with U.S. dollars and later sell them for U.S. dollars, a capital gain or...
Read moreGerson Preston Partner Steve Klein Discusses the Tax Implications of Hurricane Irma | Gerson Preston Hurricane Irma’s impact is still being felt by small and midsize law firms in Florida, as those that lost significant revenue are now being forced to reach out to financial professionals for help in bridging a cash crunch. Apollo Bank CEO Eddy Arriola—whose bank serves solo practitioner firms as well as firms with as many...
Read moreGerson Preston Partner Stuart Rohatiner Discusses International Tax Planning and Compliance at Harvard Club in New York City | Gerson Preston The Harvard Club of New York is a private social club located in Midtown Manhattan, New York. The club is the sole club in New York City whose membership is restricted almost entirely to alumni and faculty of one university, Harvard University. Stuart Rohatiner, a partner at Gerson Preston,...
Read moreA tax reform plan has been released. The Trump Administration and select members of Congress have released a “unified framework” for tax reform. It provides more detail than other tax reform documents that have emerged from the White House over the past few months, but it still leaves many specifics to be worked out by Congressional tax-writing committees (the House Ways and Means Committee and the Senate Finance Committee). Among...
Read moreGerson Preston Partner Stuart Rohatiner Discusses International Tax Planning and Compliance at Harvard Club in New York City | Gerson Preston The Harvard Club of New York is a private social club located in Midtown Manhattan, New York. The club is the sole club in New York City whose membership is restricted almost entirely to alumni and faculty of one university, Harvard University. Stuart Rohatiner, a partner at Gerson Preston,...
Read moreTax Relief for Victims of Hurricane Irma in Florida https://www.irs.gov/newsroom/tax-relief-for-victims-of-hurricane-irma-in-florida | Gerson Preston
Read moreGerson Preston Considers the Tax Implications of Hurricane Harvey | Gerson Preston Damaged by Harvey? Get a Tax Break While You Can Thousands of Tropical Storm Harvey’s victims will soon turn to tax deductions for help with losses not covered by insurance. If so, they could be getting in under the wire. Floods such as the ones caused by Harvey illuminate an important gap in disaster coverage. While insurance policies...
Read moreGerson Preston recognizes some of the professional women that contribute to its success, alongside partners Dorothy Eisenberg and Melisse Burstein at Soyka Restaurant. This month we are celebrating our 2 newest professionals, Diana Osorio and Dian Wang. At Gerson Preston, we value and celebrate our diversity and recognize the power of women in business. | Gerson Preston
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