Marcum LLP
Tax & Business

Tax Return Compliance

Tax Return Compliance

Marcum's Tax Compliance group provides a wide array of tax reporting services for corporate and non-corporate clients. This group of professionals understands the ever-changing tax laws and regulations and can assist clients in maintaining tax reporting obligations.

The Group's members have extensive experience in tax return preparation and are skilled with various tax preparation software systems. The members pursue varying continuing education courses to stay current in tax issues affecting their clients, including attending both national and local tax seminars.

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Among the compliance services available through the Tax Compliance Group are:

  • Preparation of individual (Form 1040) and state and local tax returns.
  • Preparation of Form 1120 (regular corporation), 1120F (foreign corporation ), 1120S (S corporation), 1065 (partnership and LLCs).
  • Preparation of consolidated corporate tax returns.
  • Preparation of state and local returns on a stand-alone or combined basis.
  • Preparation of various forms for trusts, estates and gifts.
  • Preparation of various forms for tax-exempt entities and private foundations.
  • Preparation of various foreign information forms including Forms 926, 3520, 3520-A, 5471, 5472 and TD F 90-22.1.
  • Preparation of various forms for foreign persons’ U.S. source income including Forms 1040NR, 1042, 8804, 8805 and treaty positions.
 

Related News

A Connecticut Post columnist urged readers to attend a panel featuring Greenwich Office Managing Partner John Mezzanotte discussing changes for high net worth taxpayers under the new tax law.


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A Connecticut Post columnist urged readers to attend a panel featuring Greenwich Office Managing Partner John Mezzanotte discussing changes for high net worth taxpayers under the new tax law.

Due to tax law changes, 2018 presents a different environment than 2017 - but how different? Estate taxes have changed dramatically on both the federal ....

CNBC spoke with national Tax Leader Joseph Perry about how to mine your 2017 tax return for savings opportunities in 2018.


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CNBC spoke with national Tax Leader Joseph Perry about how to mine your 2017 tax return for savings opportunities in 2018.

This spring, don't just stuff your completed tax return into a drawer. Go through it for savings opportunities you can seize right now.

Farewell to the Offshore Voluntary Disclosure Program: The IRS Pulls the Plug


Tax Flash

Farewell to the Offshore Voluntary Disclosure Program: The IRS Pulls the Plug

In spite of its many iterations since 2009 and the 56,000 new taxpayers with their $11 billion added to Internal Revenue Service coffers, on September ....

Long Island Business News interviewed Tax Leader Joseph Perry for an article about the new tax treatment of stock options granted to executive employees earning more than $1 million.


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Long Island Business News interviewed Tax Leader Joseph Perry for an article about the new tax treatment of stock options granted to executive employees earning more than $1 million.

While a corporate tax cut that brought the top rate down from 35 percent to 21 percent is widely seen as the centerpiece of the ....

Inc. magazine quoted Philadelphia Tax Leader Ed Reitmeyer in an article about errors in the new federal tax law that could cost taxpayers big money.


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Inc. magazine quoted Philadelphia Tax Leader Ed Reitmeyer in an article about errors in the new federal tax law that could cost taxpayers big money.

Many entrepreneurs have celebrated President Trump's signature legislative achievement, the 2017 Tax Cuts and Jobs Act, for decreasing their annual tax bills.

Financial Advisor magazine interviewed Greenwich, CT, Office Managing Partner John Mezzanotte for an article about the loss of certain itemized tax deductions under the Tax Cuts & Jobs Act of 2017.


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Financial Advisor magazine interviewed Greenwich, CT, Office Managing Partner John Mezzanotte for an article about the loss of certain itemized tax deductions under the Tax Cuts & Jobs Act of 2017.

Under the tax reform legislation passed by Congress late last year, several familiar itemized tax deductions have ceased for 2018, such as those for unreimbursed ....

IRS Releases Updated Withholding Calculator and New Form W-4


Tax Flash - Tax Return Compliance

IRS Releases Updated Withholding Calculator and New Form W-4

Of the many changes enacted by the new tax law some of the most significant impact individuals, such as an increased standard deduction, elimination ....

The Tax Adviser published an article co-authored by Tax Director Don Zidik, about recent developments in individual taxation.


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The Tax Adviser published an article co-authored by Tax Director Don Zidik, about recent developments in individual taxation.

This article is a semiannual review of recent developments in the area of individual federal taxation, including issues of deductible alimony, trade or business expenses, ....

FASB's Q&A Guidance on the Impact of Tax Reform on Financial Accounting


Tax Flash - Tax Return Compliance

FASB's Q&A Guidance on the Impact of Tax Reform on Financial Accounting

After the Tax Cuts and Jobs Act was passed, concerns were raised to the Financial Accounting Standards Board regarding implementation of certain provisions of the ....

New Tax Treatment of Alimony


Tax Return Compliance

New Tax Treatment of Alimony

Of the many changes for individual taxpayers wrought by the Tax Cuts and Jobs Act of 2017, one of the most sensitive is the new ....

The New York Times quoted national Tax Leader Joseph Perry in an article discussing the complexities and confusion created by the Tax Cuts & Jobs Act, and the likely battles yet to come in Congress.


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The New York Times quoted national Tax Leader Joseph Perry in an article discussing the complexities and confusion created by the Tax Cuts & Jobs Act, and the likely battles yet to come in Congress.

Never mind that once in a generation tax bill that just passed last year. Congress is headed for years more of big fights over taxes, ....

The Impact of Tax Reform on Financial Accounting


Tax Flash - Tax Return Compliance

The Impact of Tax Reform on Financial Accounting

On December 22, 2017, the Tax Cuts and Jobs Act, was signed into law. The Act will have a significant impact on financial reporting issued ....

The New Corporate Blended Rate for Fiscal Year Entities


Tax Flash - Corporate Taxation

The New Corporate Blended Rate for Fiscal Year Entities

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act into law, changing the entire U.S. tax landscape. A major component ....

Long Island Business News wrote about the advice Marcum panelists gave to businesses considering restructuring as C-corps, during the Firm’s recent tax reform seminar in Melville.


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Long Island Business News wrote about the advice Marcum panelists gave to businesses considering restructuring as C-corps, during the Firm’s recent tax reform seminar in Melville.

Much of the Marcum seminar focused on the taxation differences between C‐corps and pass‐through entities, which include partnerships, S‐corporations, limited liability companies and sole proprietorships.

New IRS Directives Issued for Transfer Pricing Examinations


Tax Flash - International Taxation

New IRS Directives Issued for Transfer Pricing Examinations

On January 12, 2018, the Large Business and International Division of the Internal Revenue Service issued five directives which provide instructions on how IRS agents ....

Bipartisan Budget Act of 2018


Tax Flash - Tax Return Compliance

Bipartisan Budget Act of 2018

The Bipartisan Budget Act of 2018, enacted last Friday, February 9, contains a number of tax breaks for both individuals and businesses. These include the ....

The Hartford Business Journal quoted Connecticut Tax Partner-in-Charge Brett McGrath, in an article about the impacts of the Tax Cuts & Jobs Act of 2017.


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The Hartford Business Journal quoted Connecticut Tax Partner-in-Charge Brett McGrath, in an article about the impacts of the Tax Cuts & Jobs Act of 2017.

More than 30 years after digesting the last major federal tax overhaul, Connecticut accountants and legal advisers working to interpret the latest changes to the ....

The Hartford Business Journal published a column by Tax Services Director Marla Esan about the impacts of the Tax Cuts & Jobs Bill for nonprofit organizations.


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The Hartford Business Journal published a column by Tax Services Director Marla Esan about the impacts of the Tax Cuts & Jobs Bill for nonprofit organizations.

Like every sector, nonprofits won some and lost some in the Tax Cuts & Jobs Act. Here is a brief summary of the provisions impacting ....

CNBC quoted Tax Principal Michael D’Addio in an article about adjusting paycheck withholdings to comply with the new tax rates for individuals.


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CNBC quoted Tax Principal Michael D’Addio in an article about adjusting paycheck withholdings to comply with the new tax rates for individuals.

In January, the Treasury Department released its income tax withholding tables, updated to reflect changes stemming from the Tax Cuts and Jobs Act. The new ....

Bloomberg News quoted Ed Reitmeyer, Philadelphia partner-in-charge of Tax Services, in an article about tax strategies for owners of pass-through businesses under the new tax law.


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Bloomberg News quoted Ed Reitmeyer, Philadelphia partner-in-charge of Tax Services, in an article about tax strategies for owners of pass-through businesses under the new tax law.

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Workandmoney.com interviewed Tax Partner Diane Giordano for an article about what the new tax law means for small businesses.


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Workandmoney.com interviewed Tax Partner Diane Giordano for an article about what the new tax law means for small businesses.

The new tax law became both the beauty and the beast for companies of all sizes across the country when 2018 officially opened for business.

Fox Business spoke with Tax Principal Michael D’Addio about the need to adjust paycheck withholdings under the new tax law.


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Fox Business spoke with Tax Principal Michael D’Addio about the need to adjust paycheck withholdings under the new tax law.

As employees begin to receive their updated paychecks based on the new tax code changes, many are seeing incorrect withholding amounts, which could lead to ....

Long Island Business News reported on the Marcum tax panel the publication’s editor is co-moderating with Melville Office Managing Partner Carolyn Mazzenga.


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Long Island Business News reported on the Marcum tax panel the publication’s editor is co-moderating with Melville Office Managing Partner Carolyn Mazzenga.

Long Island Business News Editor Joe Dowd and Marcum Melville Office Managing Partner Carolyn Mazzenga are set to moderate a series of panel discussions tonight ....

Bloomberg’s Talking Tax podcast invited Tax Principal Michael D’Addio onto the show for a discussion about whether the new tax law will drive pass-through entities to convert to C-Corporation status.


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Bloomberg’s Talking Tax podcast invited Tax Principal Michael D’Addio onto the show for a discussion about whether the new tax law will drive pass-through entities to convert to C-Corporation status.

The new tax law lowers the corporate tax rate to 21 percent—a change that some lawmakers have suggested could prompt pass-through entities to convert to ....

Long Island Business News quoted State & Local Tax Leader Paul Graney in an article about options New York State is considering to counter the regional tax impact of the federal Tax Cuts & Jobs Act.


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Long Island Business News quoted State & Local Tax Leader Paul Graney in an article about options New York State is considering to counter the regional tax impact of the federal Tax Cuts & Jobs Act.

Facing new federal rules that limit state and local tax deductions, New York and California are considering options to give their residents a big federal ....

CFO.com published an article by Tax Leader Joseph Perry and Tax Principal Michael D’Addio, discussing the pros and cons of  C-corporation v. pass-through entity status under the new tax law.


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CFO.com published an article by Tax Leader Joseph Perry and Tax Principal Michael D’Addio, discussing the pros and cons of C-corporation v. pass-through entity status under the new tax law.

A 21% income tax rate might sound appetizing to some pass‐through entities, but C‐corporation status doesn't suit every organization.

Associated Press quoted Tax Principal Michael D’Addio in an article about how small businesses are capitalizing on the new tax law.


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Associated Press quoted Tax Principal Michael D’Addio in an article about how small businesses are capitalizing on the new tax law.

Although there are still many unknowns about the tax law that took effect Jan. 1, some small business owners have already figured out that they ....

U.S. Supreme Court Will Hear South Dakota's Sales Tax Case


Tax Flash - State & Local Taxation

U.S. Supreme Court Will Hear South Dakota's Sales Tax Case

On January 12, 2018, the United States Supreme Court decided that it will hear a South Dakota case (State of South Dakota v. Wayfair Inc., ....

Changes for Real Estate Professionals under the Tax Cut and Jobs Act


Tax Flash - Tax Return Compliance

Changes for Real Estate Professionals under the Tax Cut and Jobs Act

One of the more significant changes under the Tax Cut and Jobs Act, signed into law by President Trump in December 2017, relates to business ....

The Alternative Minimum Tax for Individuals is Here to Stay


Tax Flash - Tax Return Compliance

The Alternative Minimum Tax for Individuals is Here to Stay

The Tax Cuts and Jobs Act of 2017 made numerous changes to individual taxation, including to the Alternative Minimum Tax.

What's Happening to My Itemized Deductions?


Tax Flash - Tax Return Compliance

What's Happening to My Itemized Deductions?

On December 22, 2017, President Donald Trump signed the Tax Cuts & Jobs Act into law, changing the entire U.S. tax landscape. A major component ....

2018 Tax Filing Season Begins January 29


Tax Flash - Tax Return Compliance

2018 Tax Filing Season Begins January 29

The Internal Revenue Service announced that the nation's 2017 tax season will begin Monday, January 29, 2018. This is to ensure the security and readiness ....

Long Island Business News featured Carolyn Mazzenga, office managing partner in Melville, in an article about how accountants are helping clients plan in the wake of tax reform.


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Long Island Business News featured Carolyn Mazzenga, office managing partner in Melville, in an article about how accountants are helping clients plan in the wake of tax reform.

As 2017 came to a close, accountants across Long Island were busy fielding questions from clients in the wake of the federal government passing sweeping ....

Due Dates for Business and Individual Income Taxes for the 2018 Tax Year


Tax Flash - Tax Return Compliance

Due Dates for Business and Individual Income Taxes for the 2018 Tax Year

As the filing season for the 2017 tax year begins, it is important to remember when the applicable returns must be filed.

IRS Issues Update to Standard Mileage Rates


Tax Flash

IRS Issues Update to Standard Mileage Rates

The Internal Revenue Service has issued the 2018 updates to the optional standard mileage rates for taxpayers to use in computing the deductible costs of ....

New York Governor Issues Executive Order Authorizing Prepayment of Property Taxes


Tax Flash - The Tax Cuts and Jobs Act

New York Governor Issues Executive Order Authorizing Prepayment of Property Taxes

On December 22, 2017, New York State Governor Andrew Cuomo issued an emergency Executive Order authorizing local governments to issue warrants for the collection of ....

Fox Business invited Tax Leader Joseph Perry onto Closing Bell to discuss prepaying certain 2018 expenses before the end of 2017.


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Fox Business invited Tax Leader Joseph Perry onto Closing Bell to discuss prepaying certain 2018 expenses before the end of 2017.

Fox Business invited Tax Leader Joseph Perry onto Closing Bell to discuss prepaying certain 2018 expenses before the end of 2017.

The Tax Cuts and Jobs Act is Now Law


Tax Flash - The Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act is Now Law

President Trump signed this legislation into law today. The act is the most significant tax legislation since the Tax Reform Act of 1986.

Inc. magazine interviewed Ed Reitmeyer, Philadelphia partner-in-charge of tax and business services, about the tax advantages of C corporations versus pass-through entities.


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Inc. magazine interviewed Ed Reitmeyer, Philadelphia partner-in-charge of tax and business services, about the tax advantages of C corporations versus pass-through entities.

Edward Reitmeyer, a partner at the Philadelphia accounting firm Marcum LLP, typically prepares between 800 and 1,200 tax returns for small business clients each year.

The Cooperator spoke with Tax Partner Peter Buell about how tax reform will affect New York City condo and coop owners.


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The Cooperator spoke with Tax Partner Peter Buell about how tax reform will affect New York City condo and coop owners.

President Trump signed into law a major $1.5 trillion tax plan that Congress had earlier passed, the first re-writing of our tax laws in over ....

The Tax Cuts and Jobs Act is Finally Here, No More Do Overs


Tax Flash - Tax Reform

The Tax Cuts and Jobs Act is Finally Here, No More Do Overs

This week, Republicans agreed on a final version of the tax reform bill and filed a conference agreement on December 15, 2017.

Associated Press spoke with Tax Leader Joseph Perry about the impact of the new tax bill on the accounting industry.


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Associated Press spoke with Tax Leader Joseph Perry about the impact of the new tax bill on the accounting industry.

From New York to Kentucky to Florida, accountants and tax lawyers are scanning the 1,000 page measure, fielding a swirl of questions from clients and ....

The Los Angeles Times published a follow-up story in collaboration with Marcum, about how taxpayers in various circumstances would fare under tax reform.


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The Los Angeles Times published a follow-up story in collaboration with Marcum, about how taxpayers in various circumstances would fare under tax reform.

Earlier this month, The Times reviewed tax returns submitted by a handful of readers to see how the House and Senate tax plans would have ....

Bloomberg Markets Radio had Tax Leader Joseph Perry on the show to discuss aspects of the new tax reform plan


As Seen In

Bloomberg Markets Radio had Tax Leader Joseph Perry on the show to discuss aspects of the new tax reform plan.

Bloomberg Markets Radio had Tax Leader Joseph Perry on the show to discuss aspects of the new tax reform plan.

Bloomberg BNA's Daily Tax Report quoted Tax Principal Michael D'Addio in an article about the prospects for wholesale conversions of pass-through entities to C corporate structure.


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Bloomberg BNA's Daily Tax Report quoted Tax Principal Michael D'Addio in an article about the prospects for wholesale conversions of pass-through entities to C corporate structure.

Some lawmakers had predicted that the steep corporate tax cuts in the Republican tax bill could cause pass-through entities to convert to corporations to take ....

The Los Angeles Times interviewed Tax Partner Robert Spielman about 2017 tax strategies that can help in 2018.


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The Los Angeles Times interviewed Tax Partner Robert Spielman about 2017 tax strategies that can help in 2018.

Congress was poised this week to pass the most sweeping overhaul of the federal tax code in three decades. The Republican legislation, which President Trump ....

Long Island Business News quoted Tax Partner Ed Reitmeyer in an article about how corporations will benefit from the tax reform bill.


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Long Island Business News quoted Tax Partner Ed Reitmeyer in an article about how corporations will benefit from the tax reform bill.

While both the Republican House and Senate proposals would drastically alter the nation's tax regulations for individuals, changes to the code for business may prove ....

Some State and Local Tax Deduction Advice May No Longer Be Applicable


Tax Flash - State & Local Taxation

Some State and Local Tax Deduction Advice May No Longer Be Applicable

While we all anxiously awaited the finalizing of the proposed tax legislation, The Tax Cut and Jobs Act, many tax advisors were suggesting clients prepay ....

The New York Times quoted Ed Reitmeyer, partner-in-charge of the Philadelphia Tax Services Department, in an article about tax strategies for 2018.


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The New York Times quoted Ed Reitmeyer, partner-in-charge of the Philadelphia Tax Services Department, in an article about tax strategies for 2018.

The Senate and the House closed in on a final version of the tax bill on Friday, as Republican leaders stay on track for final ....

WCBS-TV 2 interviewed Tax Partner Robert Spielman about pre-paying 2018 state and local taxes to offset the loss of these deductions expected next year.


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WCBS-TV 2 interviewed Tax Partner Robert Spielman about pre-paying 2018 state and local taxes to offset the loss of these deductions expected next year.

WCBS-TV 2 interviewed Tax Partner Robert Spielman about pre-paying 2018 state and local taxes to offset the loss of these deductions expected next year.

Associated Press interviewed Ed Reitmeyer, Philadelphia partner-in-charge of tax services, about what small business owners should know about their tax bills.


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Associated Press interviewed Ed Reitmeyer, Philadelphia partner-in-charge of tax services, about what small business owners should know about their tax bills.

Some small business owners may pay lower taxes under the Republican tax overhaul, but accountants and consultants will want to read the fine print carefully ....

Crain's New York Business asked Tax Leader Joseph Perry about how tax reform is impacting Marcum's business.


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Crain's New York Business asked Tax Leader Joseph Perry about how tax reform is impacting Marcum's business.

With the hand-scribbled ink still wet on Washington's shifting legislative efforts, accounting executives such as Joseph Perry and his team at Marcum are fielding an ....

Reasonable Compensation in Personal Service Corporations


Tax Return Compliance

Reasonable Compensation in Personal Service Corporations

A personal service corporation is a C corporation, the principal activity of which is the performance of personal services, with such services being substantially performed ....

The Los Angeles Times asked Marcum to partner on a project to see how the 2016 tax returns of selected readers would fare under the House and Senate tax reform bills.


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The Los Angeles Times asked Marcum to partner on a project to see how the 2016 tax returns of selected readers would fare under the House and Senate tax reform bills.

Republican tax plans are working their way through Congress. If the House and Senate can agree on a final bill, will you owe more or ....

Bloomberg BNA quoted national Tax Leader Joseph Perry in an article about the treatment of the corporate alternative minimum tax in the House and Senate tax bills.


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Bloomberg BNA quoted national Tax Leader Joseph Perry in an article about the treatment of the corporate alternative minimum tax in the House and Senate tax bills.

The AMT, a much-hated provision of the tax code, requires corporations and individuals to recalculate their tax liability if they took too many credits or ....

Bloomberg BNA quoted national Tax Leader Joseph Perry in a Daily Tax Report story about the taxation of pass-through income under the House and Senate bills.


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Bloomberg BNA quoted national Tax Leader Joseph Perry in a Daily Tax Report story about the taxation of pass-through income under the House and Senate bills.

Pass-through taxation represents one of the biggest rifts between the House and Senate tax reform plans, a difference that will have to be resolved before ....

The New York Times quoted Tax Leader Joseph Perry in an article about strategies to prepare for the loss of deductions for state and local taxes and property taxes.


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The New York Times quoted Tax Leader Joseph Perry in an article about strategies to prepare for the loss of deductions for state and local taxes and property taxes.

The Senate and House may spend most of the month ironing out the differences in their tax bills. Or they may be delayed by other ....

The New York Times interviewed Tax Partner Kurt Koegl about the likely impact of tax reform on real estate investment trusts.


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The New York Times interviewed Tax Partner Kurt Koegl about the likely impact of tax reform on real estate investment trusts.

After a frenzy of congressional action to rewrite the tax code, salesclerks and chief executives are calculating their gains. Business was treated with the everyone's-a-winner ....

Fox Business interviewed national Tax Leader Joseph Perry for a story about how tax reform will impact homeowners in high-tax states.


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Fox Business interviewed national Tax Leader Joseph Perry for a story about how tax reform will impact homeowners in high-tax states.

Republicans are moving a tax reform bill through Congress that could have both short-and long-term impacts on housing prices and trends. Real estate lobbies are ....

Tax Cuts and Jobs Act: What Are The Proposed Changes to Depreciation?


Tax Compliance

Tax Cuts and Jobs Act: What Are The Proposed Changes to Depreciation?

The Tax Cuts and Jobs Act was passed by the House of Representatives on November 16, 2017. The Senate Finance Committee also passed its own ....

Barron's quoted Family Wealth Services Leader Carolyn Mazzenga in an article about how high net worth taxpayers residing in New York City may be impacted by tax reform.


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Barron's quoted Family Wealth Services Leader Carolyn Mazzenga in an article about how high net worth taxpayers residing in New York City may be impacted by tax reform.

As Senate Republicans moved closer to an overhaul of the nation's tax code, the prospect of sharp cuts to corporate taxes loomed larger.

The Wall Street Journal quoted Philadelphia Tax Leader Ed Reitmeyer in an article about how the House and Senate tax bills would likely affect President Trump.


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The Wall Street Journal quoted Philadelphia Tax Leader Ed Reitmeyer in an article about how the House and Senate tax bills would likely affect President Trump.

Opponents of the Republican tax proposal moving through Congress are focusing in part on one particular billionaire as they seek to rally Americans against it: ....

Construction Executive's Managing Your Business published an article by Tax Partner James Lundy about the critical importance for construction contractors to undertake annual tax planning.


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Construction Executive's Managing Your Business published an article by Tax Partner James Lundy about the critical importance for construction contractors to undertake annual tax planning.

More than almost any other industry, construction contractors need to spend time and resources planning for their income taxes before the end of their fiscal ....

Bloomberg News interviewed Family Wealth Services Leader Carolyn Mazzenga about whether the loss of the state and local tax deduction in New York will drive wealthy taxpayers to move.


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Bloomberg News interviewed Family Wealth Services Leader Carolyn Mazzenga about whether the loss of the state and local tax deduction in New York will drive wealthy taxpayers to move.

By eliminating the deduction for most state and local taxes, an individual making a yearly salary of $1,000,000 - a figure not uncommon in the ....

The Hartford Business Journal published an article by State & Local Tax Leader Paul Graney, on the tax changes contained in the bipartisan budget agreement enacted in Connecticut.


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The Hartford Business Journal published an article by State & Local Tax Leader Paul Graney, on the tax changes contained in the bipartisan budget agreement enacted in Connecticut.

On Oct. 31, Gov. Dannel P. Malloy signed a trick-or-treat bipartisan budget agreement that provided for a number of new tax changes. He also vetoed ....

Forbes tapped the expertise of Tax Partner Janis Cowhey for an article about smart ways to tap your retirement money early.


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Forbes tapped the expertise of Tax Partner Janis Cowhey for an article about smart ways to tap your retirement money early.

Ideally, you'll leave the money in your retirement accounts growing untouched until you retire. Uncle Sam imposes a 10% penalty on some early withdrawals to ....

NBC Nightly News interviewed New York Tax Leader Maury Cartine for a story about how much President Trump stands to potentially save under the GOP tax plan.


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NBC Nightly News interviewed New York Tax Leader Maury Cartine for a story about how much President Trump stands to potentially save under the GOP tax plan.

NBC Nightly News interviewed New York Tax Leader Maury Cartine for a story about how much President Trump stands to potentially save under the GOP ....

The New York Times spoke with Philadelphia Tax Partner-in-Charge Ed Reitmeyer about the treatment of pass-through income under the House Tax Cuts & Jobs bill.


As Seen In

The New York Times spoke with Philadelphia Tax Partner-in-Charge Ed Reitmeyer about the treatment of pass-through income under the House Tax Cuts & Jobs bill.

The rewrite of the tax code, which the House passed on Thursday, proposed a 25 percent tax rate for small businesses for owners who report ....

NBC News asked Marcum to analyze the impact of the House Tax Cuts & Jobs Act on the 2005 federal tax return of Donald Trump, and reported the Firm's findings.


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NBC News asked Marcum to analyze the impact of the House Tax Cuts & Jobs Act on the 2005 federal tax return of Donald Trump, and reported the Firm's findings.

President Donald Trump has insisted, for months, that the Republican tax plan he supports won't benefit him. In fact, Trump and his heirs potentially could ....

Senate Committee on Finance Issues Version of Tax Cuts and Jobs Act


Tax Flash

Senate Committee on Finance Issues Version of Tax Cuts and Jobs Act

Last week, the Senate Finance Committee issued its version of the recently released House Tax Cuts and Jobs Act.

2017 Marcum Year-End Tax Guide Now Available


Press Release

2017 Marcum Year-End Tax Guide Now Available

Marcum LLP has issued its 2017 Year-End Tax Guide in the midst of Congressional efforts to reform the national tax code. This year's tax guide ....

Bloomberg Markets spoke with Tax Partner Shaun Blogg, Marcum's office managing partner in West Palm Beach, FL, about the impact of tax reform for businesses and individual taxpayers.


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Bloomberg Markets spoke with Tax Partner Shaun Blogg, Marcum's office managing partner in West Palm Beach, FL, about the impact of tax reform for businesses and individual taxpayers.

Shaun Blogg, Marcum's office managing partner in West Palm Beach, FL, discussed the impact of tax reform for businesses and individual taxpayers with Bloomberg Markets.

Bloomberg Markets asked Tax Principal Michael D'Addio onto the program to discuss the prospects for the House and Senate tax bills.


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Bloomberg Markets asked Tax Principal Michael D'Addio onto the program to discuss the prospects for the House and Senate tax bills.

Bloomberg Markets asked Tax Principal Michael D'Addio onto the program to discuss the prospects for the House and Senate tax bills.

Tribune News Service interviewed Tax Partner Janis Cowhey for an article about the importance of couples in 2nd or 3rd marriages discussing finances and inheritance.


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Tribune News Service interviewed Tax Partner Janis Cowhey for an article about the importance of couples in 2nd or 3rd marriages discussing finances and inheritance.

Heading into a new committed relationship means both partners need to take stock of their retirement plans and legal documents, having detailed conversations not only ....

U.S. News & World Report featured Brandon Blitzer, a tax manager in the Firm's Alternative Investment Group, in an article about how the wash-sale rule can trip up investors.


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U.S. News & World Report featured Brandon Blitzer, a tax manager in the Firm's Alternative Investment Group, in an article about how the wash-sale rule can trip up investors.

Year-end investing moves can pay off nicely at tax time the next spring, but can also trip you up. Take the wash-sale rule. Running afoul ....

Reuters quoted Tax Partner Janis Cowhey in an article about splitting retirement accounts in a divorce.


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Reuters quoted Tax Partner Janis Cowhey in an article about splitting retirement accounts in a divorce.

While many couples dissolve their marriages without significant legal involvement, divvying up retirement accounts, particularly pensions, is thorny. Doing it without a proper legal agreement ....

CNBC quoted national Tax Leader Joseph Perry in an article about the hidden tax hike for high net worth taxpayers in the House's Tax Cuts and Jobs Act.


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CNBC quoted national Tax Leader Joseph Perry in an article about the hidden tax hike for high net worth taxpayers in the House's Tax Cuts and Jobs Act.

The GOP's tax plan contains a little-noticed tax hike on big earners that could add another $12,000 to their annual tax bill.

Financial Advisor magazine spoke with Tax Partner John Mezzanotte about why so many taxpayers request extensions to file their tax returns in October.


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Financial Advisor magazine spoke with Tax Partner John Mezzanotte about why so many taxpayers request extensions to file their tax returns in October.

Taxpayers who want up to a six-month extension to file their tax return file IRS Form 4868 have until mid-October to file. In recent filing ....

The Philadelphia Inquirer interviewed Jeffrey Winkleman, partner-in-charge of corporate taxation, and Steve Brett, president of Marcum Financial Services, for an article about the proposed cap on 401(k) contributions.


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The Philadelphia Inquirer interviewed Jeffrey Winkleman, partner-in-charge of corporate taxation, and Steve Brett, president of Marcum Financial Services, for an article about the proposed cap on 401(k) contributions.

Wall Street can't be happy about Congress' proposal to cap our yearly 401k contributions at $2,400 - thats the tax-deferred amount we would be able ....

CNN Money interviewed Partner Janis Cowhey about discussing retirement finances with your parents.


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CNN Money interviewed Partner Janis Cowhey about discussing retirement finances with your parents.

Discussing finances with your parents can be as uncomfortable as the talk they gave you about the birds and the bees. But it still needs ....

Forbes interviewed Tax Partner Janis Cowhey about the increased lifetime estate and gift tax exemption.


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Forbes interviewed Tax Partner Janis Cowhey about the increased lifetime estate and gift tax exemption.

Its official. For 2018, the estate and gift tax exemption is $5.6 million per individual, up from $5.49 million in 2017. That means an individual ....

Employee Retention Credits under the Disaster Tax Relief and Airport and Airway Extension Act of 2017


Tax Flash

Employee Retention Credits under the Disaster Tax Relief and Airport and Airway Extension Act of 2017

On September 29, 2017, the Disaster Tax Relief and Airport and Airway Extension Act of 2017 was signed into law, providing certain temporary tax relief ....

IRS and Treasury to Withdraw Proposed Regulations that Would Affect Discounts Applied to Transfers of Family-Owned Businesses


Tax Flash

IRS and Treasury to Withdraw Proposed Regulations that Would Affect Discounts Applied to Transfers of Family-Owned Businesses

On October 2, 2017, The Trump Administration issued Executive Order 13789. Included in this Executive Order, the IRS and the Treasury establish that they will ....

The New York Post interviewed Tax Leader Joseph Perry about the impact of potentially losing the deductions for mortgage interest, property taxes, and state and local taxes.


As Seen In

The New York Post interviewed Tax Leader Joseph Perry about the impact of potentially losing the deductions for mortgage interest, property taxes, and state and local taxes.

Homeowners would get a choice between deducting property taxes or mortgage interest on their federal tax returns as Republicans on Tuesday discussed modifications to the ....

Financial Advisor magazine spoke with Tax Partner John Mezzanotte about how to help clients save taxes on required minimum distributions from IRA accounts.


As Seen In

Financial Advisor magazine spoke with Tax Partner John Mezzanotte about how to help clients save taxes on required minimum distributions from IRA accounts.

Once your client reaches age 70 1/2, he or she must take required minimum distributions (RMDs) annually from taxable IRA and 401(k) accounts.

WCBS-TV 2 interviewed Tax Partner Robert Spielman about the impact of the new Tax Reform Framework on Long Island homeowners.


As Seen In

WCBS-TV 2 interviewed Tax Partner Robert Spielman about the impact of the new Tax Reform Framework on Long Island homeowners.

President Donald Trump calls his tax reform plan a middle class miracle. But the elimination of most deductions, including state and local taxes, has some ....

The Long-Awaited Tax Proposal: The Unified Framework for Fixing our Broken Tax Code


Tax Flash

The Long-Awaited Tax Proposal: The Unified Framework for Fixing our Broken Tax Code

On September 27, 2017, the Trump Administration and Republican leaders released a unified framework for tax reform that would make changes to both individual and ....

Tax Partner Robert Spielman wrote about maximizing your charitable contributions for his latest column in the Coconut Creek City News.


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Tax Partner Robert Spielman wrote about maximizing your charitable contributions for his latest column in the Coconut Creek City News.

There is seemingly no end to the solicitations we receive from qualified charitable organizations seeking our assistance.

CNBC spoke with Trusts & Estates Co-Leader David First about the proposed repeal of the estate tax.


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CNBC spoke with Trusts & Estates Co-Leader David First about the proposed repeal of the estate tax.

Donald Trump rallied the working class, but he is also championing one benefit favoring only the super-rich: eliminating the federal estate tax.

The Equifax Breach: How Can You Protect Yourself?


Tax Flash

The Equifax Breach: How Can You Protect Yourself?

The Equifax data breach, which disclosed sensitive personal of an estimated 140 million individuals, has raised questions concerning what defensive measures should be taken now. ....

The Most Overlooked Tax Deduction by Real Estate Owners


Tax Compliance

The Most Overlooked Tax Deduction by Real Estate Owners

The IRS has provided real estate owners with a juicy tax deduction. The de minimis safe harbor election is an annual tax return election ....

IRS Tax Relief for Hurricane Irma Victims


Tax Flash

IRS Tax Relief for Hurricane Irma Victims

The IRS is providing help to the victims of Hurricane Irma. Special tax relief and assistance is available to taxpayers in the Presidential Disaster Areas. ....

Beware of Another W-2 Scam


Tax Compliance

Beware of Another W-2 Scam

On August 15, 2017, the Internal Revenue Service reiterated a warning urging businesses to be wary about a proliferating W-2 email scam.

IRS has Provided Significant Relief for Taxpayers Affected by Hurricane Harvey


Tax Flash

IRS has Provided Significant Relief for Taxpayers Affected by Hurricane Harvey

As a result of the devastation caused by Hurricane Harvey, IRS has granted two significant forms of relief for those affected by the storm. The ....

The Tax Advisor published a semiannual review of recent developments in individual taxation, co-authored by Tax Director Don Zidik.


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The Tax Advisor published a semiannual review of recent developments in individual taxation, co-authored by Tax Director Don Zidik.

The IRS issued proposed regulations that update the definition of dependent to be consistent with Sec. 152 and reverse the IRS's previous position regarding when ....

Update: Not Just Another Sports Story


Tax Compliance

Update: Not Just Another Sports Story

The Boston Bruins just concluded a center ice battle with the IRS that could affect all major sports teams and other businesses that have employees ....

“Good Faith” Abates Tax Penalties


Tax Compliance

“Good Faith” Abates Tax Penalties

The Internal Revenue Code imposes a 20% penalty on any portion of a tax underpayment that is attributable to negligence or disregard of rules and ....

Facts to Know if You File and Pay Your Federal Taxes After April 18, 2017


Tax Compliance

Facts to Know if You File and Pay Your Federal Taxes After April 18, 2017

April 18 was the deadline this year for most people to file their annual federal income tax returns and pay any taxes they owed.

Hobby or Business? A Discussion on Filing U.S. Form Schedule C


Tax Compliance

Hobby or Business? A Discussion on Filing U.S. Form Schedule C

Self-employed U.S. taxpayers file a Form Schedule C Profit or Loss from Business along with their Form 1040 in order to report activity from sole ....

Tax Crimes Do Not Pay


Tax Compliance

Tax Crimes Do Not Pay

An individual who experiences the full process of prosecution and conviction by the Department of Justice for a tax crime has the obligation to pay ....

Bloomberg TV's Daybreak America invited Tax Leader Joseph Perry back to the program to discuss Washington's agenda for tax reform.


As Seen In

Bloomberg TV's Daybreak America invited Tax Leader Joseph Perry back to the program to discuss Washington's agenda for tax reform.

Joseph Perry, tax and business services leader at Marcum LLP, discusses the issues that he feels need to be tackled in order to achieve U.S. ....

Chief Executive magazine consulted Tax Leader Joseph Perry about what CEOs need to know about tax reform.


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Chief Executive magazine consulted Tax Leader Joseph Perry about what CEOs need to know about tax reform.

On April 26, the Trump administration handed U.S. CEOs a generous gift in the form of a new tax reform plan. Designed to simplify the ....

TheStreet interviewed Tax & Business Services Leader Joseph Perry about the prospects for tax reform in 2017.


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TheStreet interviewed Tax & Business Services Leader Joseph Perry about the prospects for tax reform in 2017.

Wall Street is taking with a grain of salt Washington, D.C.'s promises that tax reform will happen this year.

Bloomberg Daybreak invited national tax leader Joseph Perry onto the show to kick off the network's Tax Reform Week.


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Bloomberg Daybreak invited national tax leader Joseph Perry onto the show to kick off the network's Tax Reform Week.

Bloomberg Daybreak invited national tax leader Joseph Perry onto the show to kick off the network's Tax Reform Week.

How to Determine if the IRS is Calling or Knocking on Your Door


Tax Return Compliance

How to Determine if the IRS is Calling or Knocking on Your Door

Discerning communication with a legitimate IRS representative is proving to be a much more difficult task for taxpayers today as a result of an increase ....

Long Island Business News interviewed Long Island Partner-in-Charge Carolyn Mazzenga about tax return fraud and some of the things taxpayers need to watch out for.


As Seen In

Long Island Business News interviewed Long Island Partner-in-Charge Carolyn Mazzenga about tax return fraud and some of the things taxpayers need to watch out for.

Identity thieves have stolen more than $107 billion in the past six years, with $16 billion stolen in 2016 alone, according to the 2017 Identity ....

TheBalance.com quoted Tax Director Donald Zidik in an article about the deductibility of home offices.


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TheBalance.com quoted Tax Director Donald Zidik in an article about the deductibility of home offices.

The 9-to-5 office job may be on its last legs. Cause of death? Flexible hours, the gig economy and the rise of working from home. ....

NextAvenue.org interviewed Tax Partner Robert Spielman about which tax records to retain and which can be tossed.


As Seen In

NextAvenue.org interviewed Tax Partner Robert Spielman about which tax records to retain and which can be tossed.

You've finished your 2016 taxes and all the accompanying financial papers that went with it. So this is a good time to shred or trash ....

IRS Releases Proposed Updates to the Dependency Exemption Rules and Other Tax Benefits


Tax Return Compliance

IRS Releases Proposed Updates to the Dependency Exemption Rules and Other Tax Benefits

Proposed regulations have been issued by the IRS updating the dependency exemption rules. These proposed regulations build on the dependency requirements previously amended by ....

New Filing Requirements for New York State and New York City Mandatory First Installments


Tax Flash

New Filing Requirements for New York State and New York City Mandatory First Installments

For tax years beginning after December 30, 2015, New York State and New York City require certain corporations, including C Corporations, to use the second ....

Associated Press quoted Firm-wide Tax Partner-in-Charge Joseph Perry in an article about whether the decline in IRS tax audits leads more people to cheat on their income taxes.


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Associated Press quoted Firm-wide Tax Partner-in-Charge Joseph Perry in an article about whether the decline in IRS tax audits leads more people to cheat on their income taxes.

As millions of Americans file their income tax returns, their chances of getting audited by the IRS have rarely been so low.

The New York Times quoted Tax Director Donald Zidik in an article about Morgan Stanley's tax error on investors' account statements.


As Seen In

The New York Times quoted Tax Director Donald Zidik in an article about Morgan Stanley's tax error on investors' account statements.

Some Morgan Stanley wealth management customers are getting news in the mail this week: They underpaid - or in some cases, overpaid - their taxes ....

Tax Planning for Manufacturers and Distributors


Tax Return Compliance

Tax Planning for Manufacturers and Distributors

Here we are in the midst of another tax return filing season. You are a business owner and are planning to gather information for the ....

IRS Rolls Out Campaigns Showing the Future of Tax Examinations


Tax Flash

IRS Rolls Out Campaigns Showing the Future of Tax Examinations

On January 31, 2017, the Large Business and International division of the IRS rolled out the latest phase in a new effort aimed at improving ....

IRS Issues Guidance for Tax Treatment of Estates of Same-Sex Married Couples


Tax Flash

IRS Issues Guidance for Tax Treatment of Estates of Same-Sex Married Couples

On January 18, 2017, the Internal Revenue Service ("IRS") published administrative guidance in Notice 2017-15, providing specific policy and procedures for retroactively changing the tax ....

New Filing Deadlines for Tax Year 2016


Tax Flash

New Filing Deadlines for Tax Year 2016

It's tax filing season time again! As if trying to figure out what forms to file isn't hard enough for taxpayers, the IRS and many ....

States Require Driver's License for E-Filing Tax Returns


Tax Flash

States Require Driver's License for E-Filing Tax Returns

For individual filers who are required to e-file their income tax returns, don't be surprised to hear your accountant tell you she needs a copy ....

IRS Issues Revised Form W-8BEN-E and Instructions


Tax Return Compliance

IRS Issues Revised Form W-8BEN-E and Instructions

On April 16, 2016, the IRS released an updated version of Form W-8BEN-E, Certificate of Status of Beneficial Owner for United States Tax Withholding and ....

Construction Contracts: Tax Planning Opportunities


Construction

Construction Contracts: Tax Planning Opportunities

When it comes to construction contracts and the IRS, the rules can be very complex. The IRS specifically addresses tax matters and construction industry issues within ....

Private Wealth magazine interviewed Partner Carolyn Mazzenga for an article about how President-elect Donald Trump’s proposed tax plan will effect high income earners.


As Seen In

Private Wealth magazine interviewed Partner Carolyn Mazzenga for an article about how President-elect Donald Trump’s proposed tax plan will effect high income earners.

Whether or not you approve of Donald J. Trump as the next president of the United States, if you're a highincome earner who would like ....

District Court Issues Nationwide Injunction on New Overtime Rule


Tax Flash

District Court Issues Nationwide Injunction on New Overtime Rule

A federal district judge in Texas issued an injunction on November 22, 2016, banning implementation of the Department of Labor's ("DOL") new rule increasing the ....

IRS and Security Summit Partners Warn of Fake Tax Bill Emails


Tax Flash

IRS and Security Summit Partners Warn of Fake Tax Bill Emails

The IRS has issued an official alert warning taxpayers of fake tax bill emails. In IRS Newswire IR-2016-123, reprinted below, the IRS explains how to ....

NBC News spoke with Tax & Business Services leader Joe Perry about Vice Presidential Candidate Mike Pence's tax return.


As Seen In

NBC News spoke with Tax & Business Services leader Joe Perry about Vice Presidential Candidate Mike Pence's tax return.

Republican vice presidential nominee Mike Pence released 10 years of tax returns on Friday evening, a disclosure that Donald Trump, his partner on the Republican ....

TAX REFORM INSIGHTS

Stay Informed about the Latest Developments in National Tax Reform

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Contacts

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Robert L. Babek, Office Managing Partner, Tax & Business
Office Managing Partner
Tax & Business
Los Angeles, CA
CA

Karen  Connair, Partner, Tax & Business
Partner
Tax & Business
Irvine, CA
CA

Anthony  Delfiner, Partner, Tax & Business
Partner
Tax & Business
Philadelphia, PA
PA

Douglas  Farrington, Partner, Tax & Business
Partner
Tax & Business
Boston, MA
MA

Diane  Giordano, Partner, Tax & Business
Partner
Tax & Business
Melville, NY
NY

Michele  Lipson, Partner, Tax & Business
Partner
Tax & Business
Miami, FL
FL

 
Brett  McGrath, Partner-in-Charge, Tax Services -  Connecticut, Tax & Business
Partner-in-Charge
Tax Services - Connecticut
Tax & Business
Hartford, CT
CT

Jayson  Morgan, Partner, Tax & Business
Partner
Tax & Business
Irvine, CA
CA

Robert  Pesce, Partner, Tax & Business
Partner
Tax & Business
New York, NY
NY

Gary  Rose, Partner-in-Charge, Tax Services -  Illinois, Tax & Business
Partner-in-Charge
Tax Services - Illinois
Tax & Business
Deerfield, IL
IL

Jill  Scher, Director, Tax & Business
Director
Tax & Business
Melville, NY
NY

Gregory  Wozniak, Partner, Tax & Business
Partner
Tax & Business
Melville, NY
NY

 
 
2017 YEAR-END TAX GUIDE

The Marcum 2017 Year-End Tax Guide continues our tradition of providing timely tax guidance for the upcoming year.

 
 
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