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  • Article

    Is Your Estate Plan Income Tax Efficient?

    Due to legislation enacted earlier this year, on January 1, 2026, the federal estate, gift and generation-skipping transfer (GST) exemptions increase to $15 million per person ($30 million per married couple)...
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    Nassau County Extends 2027/28 Property Tax Appeal Deadline

    Nassau County taxpayers have been granted an extension of time to challenge their property taxes for the upcoming 2027/28 tax year.
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

Property Tax Survey Indicates Taxpayers Lack Confidence In Tax System

While paying taxes will certainly never win any popularity contests, most property owners understand the simple fact that local property taxes fund the roads...
United StatesTax
Farrell Fritz
Farrell Fritz
  • Article

    The Sun Will Not Set: The One Big Beautiful Bill

    The long-anticipated "sunset" of the Tax Cuts and Jobs Act of 2017 (TCJA) was slated for the end of 2025. Upon this "sunset," the federal estate and gift tax exemptions...
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    David M. Curry In Commercial Property Executive On Grocery-Anchored Properties

    David Curry shared his insights with Commercial Property Executive in their recent article, ‘First Washington Realty Buys DC-Area Retail Center,' discussing the impact of grocery-anchored properties
    United StatesReal Estate and Construction
    Farrell Fritz
    Farrell Fritz
  • Article

    As The 2026 Tax Season Begins, A Reminder Of Your Rights As A Taxpayer

    The Internal Revenue Service ("IRS") recently reminded taxpayers about the legal protections afforded by the Taxpayer Bill of Rights, a set of ten fundamental rights to which each taxpayer...
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    Expect Scrutiny: Estate And Gift Tax Examinations In Focus

    Although IRS enforcement efforts have evolved, estate and gift tax examinations remain an area of focus, particularly for high value estates and sophisticated wealth transfer transactions.
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    New Bill Proposes Annual Withholding Tax On Trusts With Assets Exceeding $50M

    A new Senate bill proposes imposing annual withholding taxes on trusts exceeding $50 million in assets, with rates ranging from 1% to 3% depending on asset value.
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    Taxing Covered Gifts And Bequests: Key Takeaways From The Final § 2801 Regulations

    § 2801 of the Internal Revenue Code of 1986, as amended (the "Code") imposes a tax a U.S. citizen or resident who receives a "covered gift" or "covered bequest" from certain individuals...
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    Estate Planning Under President Trump's "One, Big, Beautiful Bill"

    On May 22, 2025, the U.S. House of Representatives passed President Trump's One, Big, Beautiful Bill.
    United StatesFamily and Matrimonial
    Farrell Fritz
    Farrell Fritz
  • Article

    TGI Fridays Files For Chapter 11 Protection

    TGI Fridays Inc., the owner and operator of 39 domestic restaurants in the iconic American casual dining bar and grill chain, filed voluntary petitions under Chapter 11...
    United StatesInsolvency/Bankruptcy/Re-Structuring
    Farrell Fritz
    Farrell Fritz
  • Article

    Impact Of Recent U.S. Tariffs On Material Adverse Change And Force Majeure Clauses

    The recent imposition of tariffs by the U.S. government has introduced significant complexities in contractual performance and risk allocation.
    United StatesInternational Law
    Farrell Fritz
    Farrell Fritz
  • Article

    New Report Highlights Increase In Lifetime Real Estate Transfers In The U.S.

    Leaving real estate to heirs through a will or a revocable trust has long been standard practice in estate planning. Many clients expect to pass along the home they have lived in for years...
    United StatesReal Estate and Construction
    Farrell Fritz
    Farrell Fritz
  • Article

    The Suffolk County Water Quality Restoration Act – Proposition 2

    On election day this year, Suffolk County residents overwhelmingly approved a ballot proposition that will increase the countywide sales tax to fund a project aimed at making water
    United StatesReal Estate and Construction
    Farrell Fritz
    Farrell Fritz
  • Article

    IRS Launches Pass-Through Compliance Unit

    Investors in, and beneficiaries of pass-through entities (such as partnerships, S corporations and trusts)...
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    IRS Proposes Modernized Rules For Tax Professionals Under Circular 230

    Last month, the Department of the Treasury and the Internal Revenue Service ("IRS") issued proposed regulations updating the rules for tax professionals who practice before the IRS.
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    New Year, New Opportunities: Time To Grieve Nassau County Property Taxes For 2025/26

    It's the holiday season! For many that means spending time with family and friends.
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    Preparing For 2025 Tax Filing Season

    The end of 2024 is quickly approaching, and many are taking a moment (or two) to enjoy the Holiday Season. But as is always the case, after the New Year, taxpayers must turn their attention to tax filing season.
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    Responding To NYS Tax Department Letters: Key Steps For Taxpayers

    Last week, New York State Department of Taxation and Finance published a press release explaining what taxpayers should do when they receive a letter from the Tax Department.
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Article

    January 2025 Property Tax Alert: Several High Tax Municipalities In New York Publish Assessment Rolls, Including Nassau County And The City Of New York

    As the calendar turns to 2025, several municipalities throughout New York State have published or will be publishing their 2025 assessment rolls, including New York City, Nassau County...
    United StatesTax
    Farrell Fritz
    Farrell Fritz
  • Showing 21–40 of 428 results

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