The New York office of WTAS is full of potential as demonstrated by its recent promotions of five Directors. Efrat (Efi) Avigdor, Ellen Bonito, Matthew Castagne, John Farro, and Michael Maglio were promoted to Managing… read more
James Tauber was promoted to Managing Director in the Chicago office of WTAS LLC after two years of service in the State and Local Tax Practice. Jim joined WTAS in 2007 as a Director after working at two international professional… read more
With the economy in one of the worst downturns in history, state governments have begun to face the stark realities of the recession. Most states have seen unprecedented unemployment and unemployment claims draining the system.… read more
It is no surprise that the economic recession has resulted in serious revenue shortfalls and driven state legislatures to consider tax increases to support their budgets. In order to close their budget deficits, many states… read more
The estate and gift tax law is generally a complex labyrinth, and with the arrival of the new year there is an added degree of uncertainty that makes it even more perplexing. Under the Economic Growth and Tax Relief Reconciliation… read more
A company’s treatment of bonus accruals may create IRS audit exposure for accrual method taxpayers. Under IRC Sec. 446, bonuses must meet an “all events test” to be accrued at year-end. The all events test… read more
Successful businesses choose an organizational structure based on its future goals. These businesses consider both the current and future capital needs of the business, owner’s liability for the actions of the business… read more
Alternative investments include a variety of different asset classes, such as hedge funds, private equity funds, limited partnerships, venture capital funds and funds of funds. The increasing use of alternative investments… read more
Palm Beach Post (Florida) By: Stacey Singer, Palm Beach Post Staff Writer The health care overhaul that became law last week reaches beyond regulation of the insurance industry and upends almost 30 years of trickle-down economic… read more
Section 9007 of the Patient Protection and Affordable Care Act (Act), signed into law by President Obama on March 23, 2010, includes specific requirements for hospitals to receive and maintain Internal Revenue Code (IRC)… read more