The stock and crypto markets are both significantly down from the beginning of 2022. Funds and other investors may have considerable realized and unrealized losses. Tax planning may help soften the economic impact. In this alert, we focus on tax planning for funds and individuals. The type of tax planning that may be available depends…
PETER SASS
ASSOCIATE
Peter Sass advises clients on federal and international tax matters.
Practices
Education
Villanova University School of Law (LL.M. in Taxation, 2019)
Villanova University School of Law (J.D., 2014)
Rutgers University (B.S., 2011)
Insights
Tax Planning for Losses for Hedge Funds and Individuals
June 27, 2022Client AlertsUpdate: 2022 Election Deadline for New York State Elective Pass-Through Entity Tax Extended to September 15, 2022
May 17, 2022Client AlertsNYS PTET Election Deadline for 2022 Extended to September 15, 2022 On May 6, 2022, Governor Hochul signed into law a bill that extends the New York State Pass-Through Entity Tax (the “NYS PTET”) election deadline for the 2022 tax year to September 15, 2022. Previously, the election deadline for 2022 was March 15, 2022.…
New York State Budget Enacts an Elective NYC Pass-Through Entity Tax
April 20, 2022Client AlertsOn April 9, 2022, Governor Hochul signed legislation which creates an elective NYC Pass-Through Entity Tax (the “NYC PTET”) that is very similar to the New York State Pass-Through Entity Tax (the “NYS PTET”). The NYC PTET allows certain partnerships and S corporations to elect to pay an entity level tax at a rate of…