Photo of Lou Vlahos

Tax Law for the Closely Held Business blog author Lou Vlahos was quoted in Peter J. Reilly’s March 4 Forbes column “Wealth Tax Act Would Double IRS Enforcement Budget—And Other Details From Sen. Warren’s Bill.”

Below is an excerpt that includes Lou’s commentary: 

Louis Vlahos

Tax attorney Louis Vlahos of Farrell Fritz PC noted that

Wither the Weed?

It has been one month since Mr. Biden’s inauguration as President of the United States. Among the many questions being asked of President Biden is whether he will seek the decriminalization[i] of cannabis. During the campaign, the Democratic Party’s official position (part of the party’s platform) regarding cannabis was as follows:

“Tax the Rich” in N.Y.

Over the last few months, we’ve considered on several occasions how Albany may respond to the fiscal crisis arising from the pandemic and the ensuing reduction in economic activity. These circumstances have placed an incredible strain upon the State’s various social safety nets,[i] as many individuals find themselves in

“Find a Hobby”

Over the years, many colleagues, friends and family who have observed my work habits have suggested, with the best of intentions, that I find a “hobby,” by which they mean something other than a work-related activity (broadly defined) toward which I may redirect my attention and energy.[i] Their entreaties have taken

Budget Time in New York

Last week, we reviewed some of the tax measures discussed by Governor Cuomo in his report on the State of the State, and how they may affect New York businesses and their owners.[i] Today, we’ll take a look at just a few of the “revenue provisions” included in Mr.

Only 347 Days to Go

What a year it has already been, and we are just beginning the third full week of 2021. The Democrats swept Georgia, thereby giving that Party a majority in the U.S. Senate and ostensible control over Congress. The U.S. began vaccinating high risk health care workers against the COVID-19 virus.