PRACTICES
TaxFinancial Services
Exempt Organizations
Specialty Industries
EDUCATION
Brandeis University, B.A., 1964Brooklyn Law School, J.D., 1968
New York University School of Law, LL.M., in Taxation, 1969
ADMISSIONS
- 1969, New York
V-Card
-
Update: Tax Provisions of the CARES Act04/15/2020
On Monday, April 13, 2020 we issued a Client Alert that addressed the interplay between the covered loan program and the payroll tax provisions of the Coronavirus Aid, Relief, and Emergency Security Act (the “CARES Act”) in which we described the CARES Act as suggesting “strongly, but not conclusively,” that deferring its deposit and payment of its share of employer payroll (i.e., social security) tax will not affect an employer’s right to receive a covered loan or to have that loan forgiven.
-
The Federal Stimulus package contains provisions covering businesses with paycheck protection loans and payroll tax credits. While these seemingly complementary provisions are still be untangled, here is Warshaw Burstein’s interpretation of how these provisions will impact taxes.04/13/2020
A number of clients have recently asked us about the interplay between the covered loan program and the payroll tax provisions of the Coronavirus Aid, Relief, and Emergency Security Act (the “CARES Act”) and particularly whether claiming the Employee Retention Credit or deferring the payment of employer payroll taxes would affect their ability to receive covered loans and loan forgiveness under the Paycheck Protection Program.
-
Significant Tax Provisions of CARES Act04/01/2020
On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Emergency Security Act (the “CARES Act”).
-
Barry A. Klingman, Tax Partner, co-authors an in-depth article in Tax Notes International, entitled: “The Risk of Double Taxation When U.S. Taxpayers Invest in India-Focused Funds,” with Bijal Ajinkya, Partner at Khaitan & Co., a well-established, century old full service law firm with a global practice, having multiple offices in India.01/23/2020
-
Barry Klingman Pens Article on Historic Tax Credits for Real Estate Weekly09/17/2018
In the article, Mr. Klingman examined the future prospects for the credits for New York City.
He wrote that the credits have played an important role in real estate development involving historic landmark properties located in New York City.
Mr. Klingman added that they are likely to play an even more important role as developers begin converting abandoned City public schools into housing and, in some cases, combining the historic rehabilitation credit with the federal low-income housing tax credit.To read the article, click here.
-
Partners Lori Anne Czepiel and Meryl Wiener, along with tax partner Barry Klingman, authored “Hedge Funds in the United States: Regulatory Overview.”03/14/2018 | Practical Law
.jpg)
Published by Thomson Reuters Practical Law Company as part of its Global Guide series, the article addresses legal and other issues for hedge funds and their sponsors and investors. Topics covered include regulations and legislation, marketing, managers and operators, restrictions and requirements, tax, private placement and other securities laws, a market overview and upcoming reform.
The Thomson Reuters Practical Law Company Global Guide Series covers all business law areas across all major economies. Global Guides are written by leading lawyers and provide high level overviews of key regulatory laws in different jurisdictions with detailed practical overviews of legislation and developments.
To request a copy of “Hedge Funds in the United States: Regulatory Overview” please click here. -
Tax Benefits of Operating Through an LLC Instead of a Corporation for Home-Based Businesses - by Barry Klingman06/23/2016 | Home Business Magazine
