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Partnership Basis Shifting
Treasury and IRS Announce New Attack and Establishment of “Passthrough Working Group” to Develop Further Partnership Guidance. On June 17, 2024, the announcement of the formation of a dedicated...
Qualified Small Business Stock – Section 1202
The qualified small business stock (QSBS) gains exclusion under Section 1202 of the tax code allows capital gains from specific holdings to be exempt from federal tax. This has been an excellent...
Don’t Let Travel Deductions Trip You Up
by Liz McGrath, Tax Director at Schulman Lobel LLP, New York, NY Did you know that employers may deduct employees’ travel expenses, including amounts for meals and lodging, if both the employer and...
The CORPORATE TRANSPARENCY ACT (CTA) of 2021 — What’s it all about?
As some receiving this communication may have already become aware, there are newly established reporting requirements mandated by the U.S. Congress under the CTA and its accompanying regulations....
Managing partner Norm Schulman named Vice Chairman of IAPA
You may have heard about the AICPA, but how about the IAPA? The acronym stands for International Association of Practicing Accountants, and it’s one of the leading organizations of independent...
Key mergers and acquisitions result in new employees, partners, and clients
Schulman Lobel LLP adds thirty new employees and dozens of new clients thanks to recently consummated mergers with Tanton Grubman CPAs, LLP and Steinberg Shebairo LLP, plus acquisition of DFP...