Marcum LLP
Tax & Business
 

Marcum's Tax & Business Services division offers all forms of accounting and regulatory compliance services.

We specialize in a variety of areas including accounting services, bankruptcy & insolvency, business advisory, corporate taxation, family wealth services, financial statements, international taxation, state & local taxation, tax controversy, tax credits & incentives, tax-exempt business, tax return compliance and transaction advisory. Our high degree of specialization ensures that both the advice and services clients receive are specific to their needs.

Members of the Firm's Tax & Business Services division are dedicated professionals who have been involved in accounting and business advisory needs with numerous complex transactions at the local, national and international levels. Our client base includes large corporations, international businesses, foreign nationals, high-net-worth individuals, family business owners, and local business operators, among others. We provide advice and guidance in a highly personalized manner with partner involvement at every level of service.

Our professional staff is augmented by our relationship with Leading Edge Alliance, an affiliation of leading regional public accounting firms in major cities throughout the world. In addition, Marcum offers extensive global resources as the exclusive U.S associated partner firm of ECOVIS International, an accounting and advisory network with members in 60 countries on six continents.

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Featured Services

International Taxation

International Taxation

Our International Tax Services Group has the extensive expertise and the technical knowledge to assist companies that are expanding their operations internationally.

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Family Wealth Services

Family Wealth Services

Acquiring wealth and building a successful business takes great skill and personal ambition. Managing your wealth and insuring your legacy likewise takes skill and experience.

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Personal Financial Management

Personal Financial Management

Our tax, financial planning, and legal expertise cater to your specific needs and incorporate a combination of integrated services, strategies and planning techniques to provide you with optimal guidance and consultation, monitoring and oversight.

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TAX REFORM INSIGHTS

Stay Informed about the Latest Developments in National Tax Reform

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Related News

Tracing of Interest Expense Related to Debt-Financed Distributions


Tax Compliance

Tracing of Interest Expense Related to Debt-Financed Distributions

When proceeds are received from a loan, there are various tax consequences depending on whether the borrower is the taxpayer or an entity owned by ....

The IRS Issues Proposed GILTI Regulations


Tax Flash - International Taxation

The IRS Issues Proposed GILTI Regulations

On September 13, 2018, the IRS issued proposed regulations concerning the Global Intangible Low-Taxed Income provisions enacted under section 951A as part of the Tax ....

Qualified Opportunity Zones


State & Local Taxation

Qualified Opportunity Zones

The Tax Cuts and Jobs Act of 2017 brought with it many changes to our country's tax code. One of the changes that seeks to ....

Proposed IRS Regulations will Limit Charitable Contributions and State Tax Credits, for Payments Made After August 27


Tax Flash - State & Local Taxation

Proposed IRS Regulations will Limit Charitable Contributions and State Tax Credits, for Payments Made After August 27

On August 23, the IRS published proposed regulations (REG-112176-18) on the deductibility of state and local tax payments for federal income tax purposes.

Proposed Section 965 Regulations Related to Transition Tax


Tax Flash - International Taxation

Proposed Section 965 Regulations Related to Transition Tax

On Wednesday, August 1, 2018, the Internal Revenue Service issued proposed regulations under the repatriation tax provisions of Section 965 enacted as part of the ....

New York Employer Compensation Expense Tax


Tax Flash - State & Local Taxation

New York Employer Compensation Expense Tax

The New York State Department of Taxation and Finance has issued a memorandum outlining the details of the new Employer Compensation Expense Tax.

New Jersey Governor Signs 2019 Budget


Tax Flash - State & Local Taxation

New Jersey Governor Signs 2019 Budget

On July 2, New Jersey Governor, Phil Murphy signed the state's new $37.4 billion budget, an 8% increase over the prior year's fiscal budget.

State of Illinois Implements Economic Nexus for Sales Tax


Tax Flash - State & Local Taxation

State of Illinois Implements Economic Nexus for Sales Tax

In light of the Supreme Court's ruling in South Dakota v. Wayfair, Illinois joins a growing number of states that are set to expand sales ....

Home Equity Loan Interest: Still Deductible, Just Depends When


Tax Return Compliance

Home Equity Loan Interest: Still Deductible, Just Depends When

The Tax Cut and Jobs Act of 2017, enacted in December 2017, included limits on the deductibility of interest paid on personal home equity loans ....

Tax Cuts and Jobs Act: Deducting State and Local Taxes as Charitable Contributions - IRS Says Not So Fast


State & Local Taxation

Tax Cuts and Jobs Act: Deducting State and Local Taxes as Charitable Contributions - IRS Says Not So Fast

The IRS issued Notice 2018-54 stating that the Service intends to provide regulations addressing legislation in some states that attempts to circumvent the new limitations ....

Important Implications of the United States Supreme Court Decision in South Dakota v. Wayfair, Inc.


Tax Flash - State & Local Taxation

Important Implications of the United States Supreme Court Decision in South Dakota v. Wayfair, Inc.

On June 21, 2018, the United States Supreme Court, in a 5-4 decision, ruled in favor of South Dakota and its economic nexus provisions for ....

The Kiddie Tax: Changes That We All Need to Know About


Tax Reform

The Kiddie Tax: Changes That We All Need to Know About

Under the Tax Cuts and Jobs Act of 2017, Congress enacted a change to the commonly called Kiddie Tax rules, to prevent parents and grandparents ....

Changes in Sales Tax Laws for U.S. States


Tax Flash - State & Local Taxation

Changes in Sales Tax Laws for U.S. States

The United States Supreme Court today rendered its decision in South Dakota v. Wayfair, Inc., a seminal case that will have a profound effect on ....

IRS Grants Relief to Taxpayers in Connection with Certain Transition Tax Penalties


Tax Flash - International Taxation

IRS Grants Relief to Taxpayers in Connection with Certain Transition Tax Penalties

On June 4, 2018, the Internal Revenue Service released IR-2018-131, providing that it will waive certain penalties relating to the newly enacted transition tax assessed ....

2018 Gift and Estate Tax Changes under the Tax Cuts and Jobs Act: Transfer More Wealth Tax-Free


Tax Reform

2018 Gift and Estate Tax Changes under the Tax Cuts and Jobs Act: Transfer More Wealth Tax-Free

The Tax Cuts and Jobs Act (TCJA) of 2017 introduced a wide array of changes to most areas of the tax law beginning with the ....

Foreign-Derived Intangible Income


International Taxation

Foreign-Derived Intangible Income

Enacted as part of the 2017 Tax Cuts and Jobs Act, new Internal Revenue Code Section 250 creates a new tax deduction for income derived ....

Tax Cuts and Jobs Act: What is the New Qualified Business Income?


Tax Reform

Tax Cuts and Jobs Act: What is the New Qualified Business Income?

The Tax Cut and Jobs Act of 2017 provides for a new deduction for partners, shareholders, and other owners of pass-through entities, known as the ....

New York State 2018-2019 Executive Budget


Tax Flash - State & Local Taxation

New York State 2018-2019 Executive Budget

New York Governor Andrew Cuomo announced the adoption of New York State's 2018-2019 Executive Budget on March 30, 2018.

Florida Passes New Tax Rate Reductions for Commercial Properties


Tax Flash - State & Local Taxation

Florida Passes New Tax Rate Reductions for Commercial Properties

Florida passes House Bill 7087, which includes a reduction of the sales tax rate for commercial rentals, along with other tax changes.

Farewell to the Offshore Voluntary Disclosure Program: The IRS Pulls the Plug


Tax Flash

Farewell to the Offshore Voluntary Disclosure Program: The IRS Pulls the Plug

In spite of its many iterations since 2009 and the 56,000 new taxpayers with their $11 billion added to Internal Revenue Service coffers, on September ....

A Construction Company’s Guide to the New Revenue Recognition Standard


Construction

A Construction Company’s Guide to the New Revenue Recognition Standard

It is common to have many questions about how the New Guidance applies to your contracts. The New Guidance is principles based and requires the ....

IRS Issues Notice to Explain New Toll Tax


Tax Flash - International Taxation

IRS Issues Notice to Explain New Toll Tax

On March 13, 2018, the Internal Revenue Service issued additional guidance to help taxpayers meet their filing and payment requirements under the new Section 965 ....

IRS Releases Updated Withholding Calculator and New Form W-4


Tax Flash - Tax Return Compliance

IRS Releases Updated Withholding Calculator and New Form W-4

Of the many changes enacted by the new tax law some of the most significant impact individuals, such as an increased standard deduction, elimination ....

California Preliminary Report on Specific Provisions of Federal Tax Reform


Tax Flash - State & Local Taxation

California Preliminary Report on Specific Provisions of Federal Tax Reform

The Tax Cuts and Jobs Act of 2017 will have many consequences for taxpayers in the State of California.

Global Intangible Low Taxed Income: A Step Away from Territorial


Tax Flash - International Taxation

Global Intangible Low Taxed Income: A Step Away from Territorial

The new tax reform law has been widely touted by the media as transforming the U.S. into a territorial system of taxation as used by ....

FASB's Q&A Guidance on the Impact of Tax Reform on Financial Accounting


Tax Flash - Tax Return Compliance

FASB's Q&A Guidance on the Impact of Tax Reform on Financial Accounting

After the Tax Cuts and Jobs Act was passed, concerns were raised to the Financial Accounting Standards Board regarding implementation of certain provisions of the ....

New Tax Treatment of Alimony


Tax Return Compliance

New Tax Treatment of Alimony

Of the many changes for individual taxpayers wrought by the Tax Cuts and Jobs Act of 2017, one of the most sensitive is the new ....

The Impact of Tax Reform on Financial Accounting


Tax Flash - Tax Return Compliance

The Impact of Tax Reform on Financial Accounting

On December 22, 2017, the Tax Cuts and Jobs Act, was signed into law. The Act will have a significant impact on financial reporting issued ....

The New Corporate Blended Rate for Fiscal Year Entities


Tax Flash - Corporate Taxation

The New Corporate Blended Rate for Fiscal Year Entities

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act into law, changing the entire U.S. tax landscape. A major component ....

Commercial Building Energy Tax Incentive Extended for 2017


Tax Incentives

Commercial Building Energy Tax Incentive Extended for 2017

Early in the morning on February 9, 2018, to avert an impending government shutdown, Congress passed a large omnibus budget titled the Bipartisan Budget Act ....

New IRS Directives Issued for Transfer Pricing Examinations


Tax Flash - International Taxation

New IRS Directives Issued for Transfer Pricing Examinations

On January 12, 2018, the Large Business and International Division of the Internal Revenue Service issued five directives which provide instructions on how IRS agents ....

Bipartisan Budget Act of 2018


Tax Flash - Tax Return Compliance

Bipartisan Budget Act of 2018

The Bipartisan Budget Act of 2018, enacted last Friday, February 9, contains a number of tax breaks for both individuals and businesses. These include the ....

How the Tax Cuts and Jobs Act Affects Real Estate Entities


Real Estate

How the Tax Cuts and Jobs Act Affects Real Estate Entities

On December 22, 2017, a new tax reform bill known as the Tax Cuts and Jobs Act was signed into law. The Act will affect ....

How the Nonprofit World Fared with the Tax Cuts and Jobs Act of 2017


Tax Flash - Tax-Exempt Business Services

How the Nonprofit World Fared with the Tax Cuts and Jobs Act of 2017

Like every sector, nonprofits won some and lost some. The final legislation, as compared to earlier drafts, ultimately had a narrower, though significant, impact in ....

U.S. Supreme Court Will Hear South Dakota's Sales Tax Case


Tax Flash - State & Local Taxation

U.S. Supreme Court Will Hear South Dakota's Sales Tax Case

On January 12, 2018, the United States Supreme Court decided that it will hear a South Dakota case (State of South Dakota v. Wayfair Inc., ....

Changes for Real Estate Professionals under the Tax Cut and Jobs Act


Tax Flash - Tax Return Compliance

Changes for Real Estate Professionals under the Tax Cut and Jobs Act

One of the more significant changes under the Tax Cut and Jobs Act, signed into law by President Trump in December 2017, relates to business ....

The Alternative Minimum Tax for Individuals is Here to Stay


Tax Flash - Tax Return Compliance

The Alternative Minimum Tax for Individuals is Here to Stay

The Tax Cuts and Jobs Act of 2017 made numerous changes to individual taxation, including to the Alternative Minimum Tax.

What's Happening to My Itemized Deductions?


Tax Flash - Tax Return Compliance

What's Happening to My Itemized Deductions?

On December 22, 2017, President Donald Trump signed the Tax Cuts & Jobs Act into law, changing the entire U.S. tax landscape. A major component ....

2018 Tax Filing Season Begins January 29


Tax Flash - Tax Return Compliance

2018 Tax Filing Season Begins January 29

The Internal Revenue Service announced that the nation's 2017 tax season will begin Monday, January 29, 2018. This is to ensure the security and readiness ....

Due Dates for Business and Individual Income Taxes for the 2018 Tax Year


Tax Flash - Tax Return Compliance

Due Dates for Business and Individual Income Taxes for the 2018 Tax Year

As the filing season for the 2017 tax year begins, it is important to remember when the applicable returns must be filed.

IRS Issues Update to Standard Mileage Rates


Tax Flash

IRS Issues Update to Standard Mileage Rates

The Internal Revenue Service has issued the 2018 updates to the optional standard mileage rates for taxpayers to use in computing the deductible costs of ....

 
2017 YEAR-END TAX GUIDE

The Marcum 2017 Year-End Tax Guide continues our tradition of providing timely tax guidance for the upcoming year.

 
 
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Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

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