DONALD S. HENDEL, LLC
  • Welcome
  • Practice Areas
    • HIgh Net Worth Estate Planning
    • Wealth Preservation Trust
    • Asset Protection
    • Estate Tax Planning >
      • Terms
    • Probate & Estate Administration
    • Business Law
    • Business Succession Planning
  • About Us
  • Blog
  • Contact Us
  • Client Forms

Current
​news

Appeals court likely to uphold cap on deductions for state and local taxes

12/4/2020

0 Comments

 
Recently, attorneys for New York, New Jersey and Connecticut appeared before a three judge panel of the Court of Appeals to appeal a District Court's decision to throw out a lawsuit filed to challenge the cap on deductions for state and local taxes.  The cap was enacted as part of President Trump's 2017 tax reform package.  The attorneys faced tough questioning from the panel about whether courts have the power to interfere with the cap.

Some taxes, such as Connecticut, have enacted laws that permit a business' owner to avoid or minimize the cap on state and local taxes.  Connecticut's pass-through entity tax is an example.  The IRS approved the pass-through entity tax workaround in early November 2020. 
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Mr. Hendel has been practicing wealth preservation planning for over thirty -five years. ​

    Archives

    March 2021
    December 2020
    April 2020
    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    May 2018
    November 2017
    October 2017
    July 2017
    May 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    August 2016
    November 2015
    March 2015
    August 2013
    January 2012

    Categories

    All
    Awards
    Blog
    Business Planning
    Estate Planning
    Life Insurance
    News
    Tax Planning
    Updates
    Wills And Trusts

    RSS Feed

(203) 234-6321

© 2017 Donald S. Hendel, LLC 
Disclaimer 

315 Highland Avenue, Suite 101
Cheshire
, CT 06410

Phone: 203.234.6321 
​Donald S. Hendel, LLC serves clients throughout New York and Connecticut including Manhattan, Long Island, Westchester County, New Haven County, Fairfield County, and Litchfield County.
Overview | High Net Worth Estate Planning | Wealth Preservation Trusts | Basic Estate Planning Terms | Asset Protection | Estate Tax Planning | Probate / Estate Administration | Business Law | Business Succession Planning | Recent News | About Us
  • Welcome
  • Practice Areas
    • HIgh Net Worth Estate Planning
    • Wealth Preservation Trust
    • Asset Protection
    • Estate Tax Planning >
      • Terms
    • Probate & Estate Administration
    • Business Law
    • Business Succession Planning
  • About Us
  • Blog
  • Contact Us
  • Client Forms