Chambers USA Honors 18 Modrall Sperling Attorneys
Modrall Sperling has once again achieved national ranking as a firm from Chambers USA: America’s Leading Lawyers for Business for its Native American Law practice. Additionally, two of…
POSTED IN: News, Recognition
The 2018 Form 1040 – “Simplicity” Could Be a Trap For the Unwary
By April 15, 2019, individuals are required to file a Form 1040 reporting their income and tax liability for 2018. As a result of the 2017 Tax Act,…
POSTED IN: Articles
Retirement Plans to the Rescue with Tax Cuts and Jobs Act Changes
One of the major changes in the tax law enacted last December in the Tax Cuts and Jobs Act (“TCJA”) was the creation of a new deduction for…
POSTED IN: Articles
Which is Better for Business Owners: Compensation or Dividends?
One of the major changes in the tax law enacted last December in the Tax Cuts and Jobs Act (TCJA) was the creation of a new deduction for…
POSTED IN: Articles
Deducting Entertainment and Meal Expenses After the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act made major changes to the laws on business deductions for entertainment and meals, and these new rules will have some impact on…
POSTED IN: Articles
Which Door is Closing for Taxpayers with Foreign Financial Assets
On Sept. 28, 2018, the IRS will be closing its 2014 Offshore Voluntary Disclosure Program (OVDP), a program that assists taxpayers who failed to disclose foreign financial assets and to pay all tax on any income related to such assets. To patriciate…
POSTED IN: Articles
An Overview of the Provisions of the “Tax Cuts and Jobs Act”
The new “Tax Cuts and Jobs Act” affects all Americans. In order to best serve our clients, the Modrall Sperling Tax Group has developed a summary of the new tax law, which reviews the tax provisions that affect individuals, corporations, pass-through entities,…
POSTED IN: Articles
Survival of the Family Business and the Family
5:00 p.m. – 8:00 p.m. Albuquerque Country Club Modrall Sperling Shareholder James M. Parker is the featured presenter at the fall meeting of The New Mexico Estate Planning Council. Jim is the co-founder and Chair of the Parker Center for Family Business, University…
POSTED IN: Events
Basis Reporting Requirements for Property Received From a Decedent
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POSTED IN: Articles
Washington Court Rules Property Tax Incentive Benefitting Indian Tribes Is Unconstitutional
Agreements for payments in lieu of taxes (PILOTs or PILTs) are used frequently by local governments to incentivize private investment in facilities or infrastructure that will provide a public benefit. A recent case in the State of Washington highlights the risk of…
POSTED IN: Articles