Estate Tax Sunset Provision Is Upon Us
The Tax Cuts and Jobs Act (TCJA) significantly increased the lifetime estate and gift tax exemption, nearly doubling it from where it stood previously in 2017. As of this year, the exemption is at around $13.61 million per individual and $27.22 million for married...
read more
The IRS Embraces Artificial Intelligence for Precision and Proficiency
Beyond its conventional role as the tax collector, the IRS is harnessing the power of artificial intelligence to revolutionize its audit processes. This shift marks a pivotal moment, one where cutting-edge technology intersects with the nuanced world of tax...
read more
New York Considers Ban on Non-Compete Agreements
In a significant move towards protecting worker mobility, the New York State Legislature approved a bill that would render nearly all new non-competition agreements for workers void. New York Governor Kathy Hochul was deliberating whether to sign or veto the...
read more
IRS Announces Sports Industry Losses Campaign
On January 16, the IRS announced a campaign to “identify partnerships within the sports industry that report significant tax losses and determine if the income and deductions driving the losses are reported in compliance with the applicable sections of the Internal...
read moreFTX
Appraisal Economics has valued bankruptcy claims on the assets of FTX Trading Ltd. FTX was a large cryptocurrency exchange and trading platform that abruptly collapsed and filed for bankruptcy and whose CEO, Sam Bankman-Fried, was found guilty of fraud and money...
read more
The 2023 Writers’ Strike: A Turning Point for Hollywood Creatives
The entertainment industry faced an unexpected plot twist this year, with the Writers Guild of America (WGA) making headlines. In April, a resounding 97.85% of WGA members cast their vote in favor of a potential strike against the Alliance of Motion Picture and...
read more
The Downfall of Sam Bankman-Fried and Its Ripple Effect on Cryptocurrency
Once valued at $32 billion, the seismic collapse of FTX into Chapter 11 bankruptcy protection stands as a stark reminder of the volatility inherent in the cryptocurrency domain. Except, unlike the routine volatility that occurs outside our control, this situation grew...
read more
Planet Fitness Stock Shakes as They Drive Out Their CEO
The rise and fall of a company's stock can be as dramatic as a rollercoaster ride. Recent market turbulence at Planet Fitness, a popular gym chain, has grabbed the attention of investors and fitness enthusiasts alike. The sudden stock dip following the termination of...
read more
The Current Landscape of Offshore Wind Projects in New York
As the world seeks cleaner and more sustainable energy sources, offshore wind projects have emerged as a promising solution. Along the picturesque coastline of New York, these turbines are shaping the future of renewable energy. This blog will take a look into the...
read more
Maximizing Your Generosity: How to Donate Event Tickets for Valuable Tax Write-Offs
In a world where charitable giving and financial responsibility go hand in hand, many individuals love to be thoughtful givers while also being mindful of their own financial benefit. Most people are aware that writing checks to nonprofit organizations or giving...
read more