State and Local Tax (SALT) | | Sep 12, 2013
The enactment of the Small Business Job protection Act of 1996 expanded the differences in grantor trust rules for foreign and domestic trusts. At the same time, it narrowed the distributable net income (DNI) computation rules for foreign trusts. These changes leave little room for interpretation-with one major exception. Professionals are still debating if a foreign trust can carry over a net capital loss for the current year.
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Florida's appeal goes far beyond sunshine and lifestyle. In this insightful article, Andrea Fantozzi explores why business owners, investors, family offices, and high-net-worth individuals continue to relocate to the Sunshine State.
Holiday pay has long been a complex area of employment law, particularly for employers with staff whose earnings fluctuate due to overtime, commission, bonuses, or irregular working patterns.
Join Michael Morello, CPA, Senior Manager at Prager Metis, as he shares his career journey during the NYSSCPA's "Beyond Public Accounting: Building a CPA Career in Industry" webcast on September 18.
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Many social media influencers focus on growing their audience and securing brand partnerships, but success brings more than just increased income. It also comes with important financial, tax, and compliance responsibilities.
