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State Net
State Net Capitol Journal – April 4, 2016; Changing Economics of Recycling Could Soon Impact States

Budget & Taxes Changing Economics of Recycling Could Soon Impact States For years recycling programs have allowed cities, counties and states to improve the environment while saving money on landfill fees and even making money from the sale...

Withers Bergman LLP Tax Practice
Recourse or Non-Recourse? The Limited Scope of Partnership Liability Regs

by Marc T. Finer and Ryan M. LoRusso Albert Einstein once said “[t]he hardest thing in the world to understand is the income tax." Nowhere is this truer in the Internal Revenue Code than in the context of the recourse versus nonrecourse...

Withers Bergman LLP Tax Practice
Tax Risks Challenge Small Captive Insurers

by Marc T. Finer , William J. Kambas , and Ryan M. LoRusso A captive insurance company is an insurance company formed primarily or exclusively to insure the risks of one or more affiliated businesses. Many larger companies form captive insurance companies...

State Net
State Net Capitol Journal – March 21, 2016; West Virginia Ends Session Without Budget

Budget & Taxes WV Ends Session Without Budget The last day of West Virginia’s 2016 regular session on March 12 didn’t resemble the frenzied pace of past final days due to the front loading of this year’s session with major...

State Net
State Net Capitol Journal – March 14, 2016; New York Lawmakers Seek to Close ‘Carried Interest Loophole’

Budget & Taxes NY Lawmakers Seek to Close ‘Carried Interest Loophole’ A pair of Democratic New York state assemblymen - Sean Ryan and Jeffrion L. Aubry - introduced a bill this month (AB 9459) that would raise state income taxes...

Elaine Hightower Gagliardi
Consistent Basis Reporting Requirements

Executors of decedents' estates required to file federal estate tax return must also file a form reporting estate tax value of assets distributed to beneficiaries. Certain beneficiaries must use a consistent value for purposes of determining income...