Category Archives: Corporate

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Updated: Treasury and IRS Extend Time to both File and Pay Federal Income Taxes to July 15th; States Taking Their Own Approaches on Income and Similar Taxes

As part of the federal government’s efforts to soften the economic effects from the Covid-19 pandemic, on Wednesday the IRS issued Notice 2020-17 announcing that federal income tax payments for the 2019 tax year otherwise due on April 15th may be postponed until July  15th 2020 without incurring interest or penalties on the amount due.  In addition, … Continue Reading

Revised EIN Application Process Permits only Individuals to Serve as the “Responsible Party”

An entity operating in the U.S. needs a U.S. Federal employer identification numbers (“EIN”) in order to open a bank account in the United States, act as an employer, file a tax return and complete certain other corporate tasks. As of May 13, 2019, entities, other than governmental entities, applying for an EIN must list … Continue Reading

Hiring Personnel in New York: Dos and Don’ts – Part 1

Part I: Advertising and Interviewing Foreign companies expanding their operations to the U.S. through New York usually handle their U.S. hiring process like the way they do back in their home country. They should not. While many states place restrictions on the hiring process, New York offers extensive and singular protection to prospective employees whose content … Continue Reading
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