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Podcast – BPB Knows the Impact of the Inflation Reduction Act
Berkowitz Pollack Brant - 2023-03-16

Podcast – BPB Knows the Impact of the Inflation Reduction Act

In this episode, Associate Director of Tax Services Kevin McNally explains how the Inflation Reduction Act will impact individual taxpayers. The post Podcast – BPB Knows the Impact of the Inflation Reduction Act appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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IRS Extends Tax Filing, Payment Deadline for Taxpayers in Three States by Karen A. Lake, CPA
Berkowitz Pollack Brant - 2023-03-09

IRS Extends Tax Filing, Payment Deadline for Taxpayers in Three States by Karen A. Lake, CPA

The IRS extended until Oct. 16, 2023, various federal tax filing and payment deadlines for individuals and businesses impacted by severe storms in California and parts of Alabama and Georgia. Among the 2022 calendar-year tax-filing deadlines included in this relief are individual tax returns, typically due on Apr. 15; business tax returns, normally due on […] The post IRS Extends Tax Filing, Payment Deadline for Taxpayers in Three States by Karen A. Lake, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Partnerships and S Corporations Face New K-2 and K-3 Filing Requirements by Claribel Velazquez, CPA
Berkowitz Pollack Brant - 2023-03-08

Partnerships and S Corporations Face New K-2 and K-3 Filing Requirements by Claribel Velazquez, CPA

Beginning with tax year 2021, the IRS required partnerships, S corporations and other pass-through entities with “international tax relevance” to annually prepare new Schedules K-2, Partners’ Distributive Share Items – International, and K-3, Partner’s Share of Income, Deductions, Credits, etc. – International along with their Schedules K and K-1. Today, however, as these entities prepare […] The post Partnerships and S Corporations Face New K-2 and K-3 Filing Requirements by Claribel Velazquez, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Podcast – BPB Knows Succession Planning
Berkowitz Pollack Brant - 2023-03-02

Podcast – BPB Knows Succession Planning

In this episode, business advisor Richard Berkowitz shares things entrepreneurs need to think about  long before it is time for them to retire, sell or cash out. The post Podcast – BPB Knows Succession Planning appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2023-02-28

Qualified Opportunity Zone Issues, Challenges and Other “Pain Points” for Investors and Developers by Arthur J. Lieberman

Opportunity funds are going into their sixth year since their 2018 launch. They got off to a slow start as the IRS struggled to issue guidance on the many statutory rules applicable to these funds while the states struggled to designate the areas eligible for qualified opportunity fund investments. Covid also became a challenge, causing the IRS […] The post Qualified Opportunity Zone Issues, Challenges and Other “Pain Points” for Investors and Developers by Arthur J. Lieberman appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2023-02-21

R&D Tax Credits Can be a Boon to Real Estate Businesses by Spencer J. Solove, CPA

Mentioning the federal research and development (R&D) tax credit often conjures up images of scientists in white coats conducting lab experiments. Truth be told, the credit, which can reduce taxpayers’ federal tax liabilities, applies to a wide variety of activities conducted by companies outside of labs in an even broader range of industries, including construction […] The post R&D Tax Credits Can be a Boon to Real Estate Businesses by Spencer J. Solove, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2023-02-16

Podcast – BPB Knows Business Structures

In this episode, Director of Tax Services Richard Cabrera explains the options for business structures and how entrepreneurs should choose. The post Podcast – BPB Knows Business Structures appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2023-02-14

Real Estate Owners, Builders, Contractors Can Find Valuable Tax Savings in New Law by Kevin McNally, JD

The passage of the Inflation Reduction Act in 2022 ushered in new and expanded tax-saving opportunities for individuals and businesses that produce, adopt and/or invest in energy-efficient technologies, including wind, solar and geothermal power. This includes an extension of tax savings to commercial real estate property owners and, for the first time, real estate investment […] The post Real Estate Owners, Builders, Contractors Can Find Valuable Tax Savings in New Law by Kevin McNally, JD appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2023-02-07

Secure Act 2.0 Brings Big Changes to Retirement Planning in 2023 and Beyond by Jonathan Kraes, CPA

Congress closed out 2022 with the passage of a $1.7 trillion spending bill that, among other things, ushers in new rules and regulations intended to help more Americans save for retirement. Following is a brief overview of some of the more significant changes individual taxpayers should prepare for beginning in 2023. Raises the Age for […] The post Secure Act 2.0 Brings Big Changes to Retirement Planning in 2023 and Beyond by Jonathan Kraes, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2023-02-02

Podcast – BPB Knows Cryptocurrency Tax Issues

In this episode, Director of Tax Services Lewis Taub shares the details about the IRS’s interest in crypto assets, gains and losses. The post Podcast – BPB Knows Cryptocurrency Tax Issues appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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