Tax

Tax

Richard J. Sapinski, Lawrence S. Horn | Sills Cummis & Gross P.C.

As a general a rule, the Internal Revenue Service has three years from the date a tax return is filed to propose adjustments to that return or lose the right to do so.[1] However, the Internal Revenue Code also provides exceptions under which the three-year period can be extended. The exceptions...

Food & Beverage

Kurt S. Kiess | Marks Paneth LLP

Restaurant owners located in New York City are left in the difficult position of interpreting the rules on the federal tip credit. The New York City Department of Finance has not issued clear and definitive guidelines on how to treat the federal tip credit as it relates to New York City taxable...

Technology

Drew McEwen | Dykema Gossett PLLC

Corporate IT purchasing decisions will largely be driven by operational requirements and profit/cost analysis. State sales and gross receipts tax implications are routinely overlooked in the purchasing analysis. They should never be. Sales and gross receipts taxes often represent a substantial...