Tax Law News and Insights

SUMMARY The White House and Republican congressional leadership released an outline this week to guide forthcoming legislation on federal tax reform. The states conform to the federal tax laws to varying degrees and the extent to which they will adopt any federal changes is uncertain. This memorandum outlines some of...

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After months of speculation, President Trump and the Republicans have finally announced their framework for tax reform.  While specific details are not known, the key elements of the framework that could impact the senior living area include: Reducing the corporate tax rate to 20% (current rate is 35%). Providing for...

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eyfarth Synopsis: The New York State Department of Taxation and Finance recently issued guidance on the tax treatment of New York State Paid Family Leave employee contributions and the PFL benefit.   The guidance directs that payroll deductions should be taken on a post-tax basis and the benefits are non-wage income reportable on...

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