The Definitive Guide to Income Tax Planning for Same-Sex Couples

  The Supreme Court’s decision
  in Windsor expanded the range of
  tax planning considerations same-
  sex couples must navigate as they
  transition  from a tax system that
  disregarded their relationship to one that treats and taxes their relationship as a single economic unit.  The federal income tax ramifications of marriage may surprise some same-sex couples, particularly those who have been in relationships long before marriage was even possible.

Providing insightful guidance, The Definitive Guide to Income Tax Planning for Same-Sex Couples published in the March, 2015 issue of the Journal of Taxation  comprehensively explores these issues and opportunities The article was authored by Robert R. Lyons, tax director in the Nonprofit and Government Group at Marks Paneth LLP, Sean R. Weissbart, a trusts, estates and tax attorney with Morris & McVeigh LLP and Michael T. Meltzer, a portfolio manager at Tocqueville Asset Management LP.

You can download a copy of the article here.


Marks Paneth LLP has appointed Joseph M. Giampapa, CPA, as a partner in the firm’s Tax Practice, and Ryszard (Richard) Jania, CPA, as a partner in the Commercial Businesses Group. Both are based in the firm’s Manhattan headquarters.

"The deep experience, expertise and effectiveness of these professionals in advising businesses and high-net-worth individuals on various matters enhances the services we offer our sophisticated client base," said Mark Levenfus, CPA, managing partner of Marks Paneth.

More information can be found here.

A Call For Guidance: Tip Credit Uncertainty Burdens Vital NYC Restaurant Industry

  Restaurant owners in New York City
  are left in the difficult position of
  interpreting the rules on the federal
  tip credit because the New York City
  Department of Finance has not
  issued clear and definitive guidelines on how to treat it as it relates to New York City taxable income.  As a result, says Kurt S. Kiess, Partner, Commercial Businesses Group, the lack of clarity has created inconsistent reporting throughout the city.  This places a burden on the New York City restaurant industry – an industry that is vital to the city’s economy.  Learn more in Kurt’s article, "A Call For Guidance: Tip credit uncertainty burdens vital NYC restaurant industry", published in The Metropolitan Corporate Counsel, April 2015.