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Benjamin R. Freed on Muck Rack

Benjamin R. Freed

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Washington, D.C.
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Articles

States Still Decoupling From GOP Tax Law Deep Into Filing Season Original

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By Benjamin R. Freed Verified
| Bloomberg Tax Verified
Tax-filing season is well underway, and yet many states are still figuring out whether to conform to or decouple from provisions in last year’s GOP-led tax overhaul, especially the deductions and other breaks for corporate taxpayers. The upshot is one of the more complicated filing periods in recent years. Corporate taxpayers are watching which states reject federal tax policy changes, such as those related to immediate expensing for research and development or property investments.
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Mamdani’s NYC Tax Agenda Prompts Advisers to Caution Patience Original

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By Benjamin R. Freed Verified
| Bloomberg Tax Verified
New York City Mayor-elect Zohran Mamdani ran on an expansive affordability agenda that would be paid for by higher taxes on corporations and wealthy individuals. The democratic socialist’s vision will be tough to realize, though, because any tax hikes would have to be approved by the New York State legislature and tax hike-averse Gov. Kathy Hochul (D). Local tax practitioners are emphasizing this political reality to worried clients who called and emailed in a hurry after Mandani won the Nov.
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Firms Highlight High Cost of Landmark Lease Accounting Rules Original

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By Jorja Siemons Verified, Benjamin R. Freed Verified
| Bloomberg Tax Verified
The accounting overhaul that put leased real estate, airplanes, and equipment on corporate balance sheets strained businesses more than anticipated given headcount and software constraints, accountants told standard-setters. “It’s definitely a cost I think above and beyond what a lot of our companies that we’ve worked with have expected,” said Blake Collins, a partner in technical accounting and IPO services at Connor Group.
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