Recent News & Insights

Tax Reform: Closing in on the Finish Line
December 11, 2017
A conference committee consisting of both House and Senate negotiators will begin work this week to reconcile differences between their respective tax measures. Among the many provisions that differ between the two plans, we have outlined the ones we feel will have the broadest impact on all of our clients and industry groups.  READ MORE +

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Employee Benefit Plan Alert: Minimum Distributions for Missing Participants


By Rita Piazza
December 13, 2017

The Internal Revenue Service’s (IRS) Employee Plans Examinations division issued a field directive to all exam agents on missing participants, beneficiaries and the required minimum distribution (RMD) standards under Internal Revenue Code Section 401(a)(9).

Risks in Having a Poor Anti-Money Laundering Program


By Sareena M. Sawhney
December 13, 2017

Valuation and financial forensics professionals and their firms often provide other services. In this article, the author discusses Anti-Money Laundering (AML) actions and which industries are at risk for violating Bank Secrecy Law and AML provisions. Many kinds of businesses are at risk for money laundering and for penalties if AML programs do not meet regulatory standards. Financial institutions—banks, credit card companies, investment brokers, etc.—are under scrutiny to comply with AML requirements as are casinos and dealers in hard goods such as automobile, boat, and airplane dealers, and jewelers. Certain industries, such as insurance and real estate, are also being scrutinized for potential money laundering.

Steven Eliach Featured in Crain's New York Business


Dec 12, 2017

Tax Reform: Closing in on the Finish Line


By Mark R. Baran
December 11, 2017

A conference committee consisting of both House and Senate negotiators will begin work this week to reconcile differences between their respective tax measures. Among the many provisions that differ between the two plans, we have outlined the ones we feel will have the broadest impact on all of our clients and industry groups.

Real Estate Alert: Tax Reform Measures You Might Have Missed


By Michael Siino |  Alan M. Blecher
December 10, 2017

While there are many provisions in the House and Senate tax reform bills that would affect the real estate industry, there are quite a few that are not making the headlines. Real estate business owners should take careful note of these easily overlooked changes.

Marks Paneth’s 2017 Estate Planning Guide


December 8, 2017

The Marks Paneth Tax Services Group has issued its 2017 Estate Guide to highlight the tax law changes and other issues affecting our clients’ estate planning strategies

Christopher Cacace Interviewed by the Wall Street Journal


Nov 22, 2017

Nonprofit Alert: International Fraud Awareness Week and 10 Signs of Nonprofit Fraud


By Michael McNee |  John D'Amico
November 16, 2017

It's International Fraud Awareness Week and Marks Paneth is doing its part to drive awareness!

Forensic Accounting: A Value-Adding Skill for the CPA


By Eric A. Kreuter
November 15, 2017

In this article written for The CPA Journal, Partner Eric Kreuter explores the career opportunities and professional advantages available to CPAs who pursue knowledge and skills in the area of Forensic Accounting.

Jay Brower Quoted by The Associated Press


Nov 13, 2017

House and Senate Tax Reform Bills: Where are we now?


By Mark R. Baran
November 13, 2017

The House and Senate released their respective versions of the Tax Cuts and Jobs Act this November. The Marks Paneth tax team provides a detailed analysis of both tax reform bills and how their provisions would affect individual taxpayers and businesses.

Abe Schlisselfeld Featured in Crain's New York Business


Nov 13, 2017

MARKS PANETH’S 2017-2018 TAX PLANNING GUIDE


November 9, 2017

To provide you with access to current tax rules and regulations and prepare you and your business for possible tax changes ahead, Marks Paneth has launched its 2017-2018 Tax Planning Guide.

Tax Alert: New Reporting Rules Require Foreign-Owned Disregarded Entities to File Form 5472


By Curtis Best
November 8, 2017

New regulations, finalized this year, will require foreign-owned disregarded entities to file Form 5472, effective for tax years starting on or after January 1, 2017 and ending on or after December 13, 2017.  The purpose of Form 5472 is to disclose foreign owners and certain related party transactions during the tax year in which the reportable transactions occurred.

What You Need to Know About Pass-Through/Subrecipient Relationships Under the Uniform Guidance


By John D'Amico
November 3, 2017

In this article, John D’Amico, Director with our Professional Standards Group, outlines the responsibilities of a pass-through entity under “legacy” OMB Circular guidance, as well as a relatively new rule stemming from the 2014 issuance of the Uniform Guidance.

Lobbying vs. Education and Advocacy: What Does It Mean for Your Nonprofit Organization?


By Frances McKenna |  Robert Lyons
November 2, 2017

Charitable organizations often find themselves in the precarious position of determining the difference between lobbying, education and advocacy. This issue revolves primarily around the determination of what constitutes a lobbying expenditure versus expenditures that may be programmatic in nature. Reporting activity falling under any of the three categories can be costly – with penalties ranging from an excise tax of 25 percent on excess expenditures to loss of exemption or the loss of the ability to attract tax deductible contributions.

Changes in Conflict of Interest Laws for Co-ops and Condos


November 1, 2017

Board members of cooperatives and condominiums in New York now have a new fiduciary duty to the shareholders of their respective corporations. In September 2017, the governor signed an amendment to the New York Business Corporation Law (BCL) establishing procedures for handling conflict of interest contracts. The addition of Section 727 identifies the changes in procedures related to contracts entered into with board members for cooperatives and condominiums formed under BCL.

Marks Paneth Sponsors Philadelphia Business Journal’s Best of the Bar Awards Program


Oct 27, 2017

Doing Business Guide - Germany 2017


October 25, 2017


VALUATION AND LITIGATION BRIEFING, October 2017


October 19, 2017


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