Proposed Regs, Discrimination by Private Schools, and The Loss of Tax-Exempt Status
September 16, 2026 | Louis Vlahos | Federal | Tax Exempt Organizations
Gown vs. State It is no secret that the Administration[i] is not pleased with many tax-exempt organizations, especially those “elite” private colleges and universities that, according to the White House and other observers, are hostile toward individuals and organizations that express conservative opinions or openly support “Western values.” The same…
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The S Corporation in Bankruptcy – To Whom Does its Passthrough Tax Status Belong?
September 09, 2026 | Louis Vlahos | Business
When Paths Cross For years I have told practically anyone who would listen that there are two kinds of “codes”: those with an upper case “C”, like the Ten Commandments and the Internal Revenue Code (the “Code”), and those with a lower case “c”, like the Bankruptcy code.[i] There are…
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Taxing NYC’s “Wealthy” By Reducing The Credit For Unincorporated Business Tax
August 31, 2026 | Louis Vlahos | Business
Taxes Galore There are so many things that New York City has in abundance. Some are good while others are less desirable. It often depends upon whom you ask. One item that will certainly find its way into both categories is taxes – again, it’s a matter of perspective. While…
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Does the Pied-a-Terre Tax Apply to Real Property Owned by a Statutory Resident of NYC?
August 25, 2026 | Louis Vlahos | Uncategorized
Best of Times You landed a hard-to-come-by position at a prestigious Manhattan-based company. The hours spent at the office, including most weekends and many holidays, were outrageous by any reasonable person’s measure. Your combined federal, New York State and City income tax burden[i] was hefty, and the cost of living…
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Identifying “Limited Partners” for the Exclusion from Self-Employment Tax – The Fifth Circuit Changes its Mind…Sort of
August 20, 2026 | Louis Vlahos | Uncategorized
An About-Face? Earlier this year, the federal Court of Appeals for the Fifth Circuit[i] ruled that the U.S. Tax Court had misinterpreted the Code’s self-employment tax rules as they apply to individuals who hold limited partnership interests in a state law limited partnership, notwithstanding that such individuals also render services…
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When a Non-Shareholder Contributes Capital to a Corporation
August 03, 2026 | Louis Vlahos | Income Tax
Basic Principles What does the term “gross income” mean to you? For most folks, it refers to the amount of money that is paid to someone in exchange for their services or property, or for the use of their property. The Code describes the gross income of a taxpayer more expansively…
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Standing at 21
July 29, 2026 | Louis Vlahos | Uncategorized
I’m delighted to share that FeedSpot has ranked TaxSlaw 21 in its list of the 100 Best Tax Blogs to Follow in 2026. This blog is a labor of love, and it feels good to know that my weekly efforts have gained some recognition. Sending a special thank you to my…
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Congress’s Continuing Quest to Restrict Executive Compensation at Charitable Organizations, With a Twist
July 21, 2026 | Louis Vlahos | Federal | Tax Exempt Organizations
The Latest The IRS recently announced its intention to propose regulations relating to the 21 percent tax[i] imposed with respect to any “excess” executive compensation paid by certain tax-exempt organizations, including public charities and private foundations (i.e., charitable organizations),[ii] to their covered employees.[iii] This news followed by almost a year…
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Applying New York’s Convenience Rule to a Former Resident, Truly Remote Non-Resident Employee
July 08, 2026 | Louis Vlahos | Business | Income Tax | New York State
Can It Get Worse? I’m certain that most of us were disappointed with the Appellate Department’s decision last week in Prof. Zelensky’s continuing dispute with New York over its application of the notorious “convenience of the employer” test;[i] disappointed, but not entirely surprised.[ii] One can still hope that the Courts…
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With Tax Increases Lurking Just Over the Horizon, and With Large Dispositions of Wealth Underway, Now’s the Time to Identify and Correct Earlier Missteps
June 30, 2026 | Louis Vlahos | Business | Estate | Federal
Here It Comes According to many, the long-awaited intergenerational transfer of assets from the Baby Boomer generation, and from what remains of the Silent Generation, to younger members of their families[i] – estimated by some to exceed $100 trillion in total, worldwide, over the next two decades – is well…
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