Andersen Consulting expands its human capital capabilities through a Collaboration Agreement with TalentSmartEQ.

New York has enacted a new annual surcharge on certain high-value residential properties in New York City that are not used as primary residences. The surcharge applies beginning with the New York City fiscal year that starts July 1, 2026. The New York City Department of Finance (DOF) began its implementation and enforcement of the Pied-á-Terre tax on July 23, 2026, with the mailing of over 31,000 notices to property owners throughout the five boroughs. The DOF originally set late-August 2026 deadlines to file an appeal but extended the deadline to September 18, 2026. An ensuing lawsuit brought by impacted homeowners has created uncertainty regarding enforcement of the tax, but taxpayers should be prepared for any outcome.

For many companies, managing international employee assignments can be time-consuming and challenging, particularly if they do not have the bandwidth or the dedicated resources to manage all of the operations and processes. Below are some of the best practices that we at Andersen employ when engaged by companies to provide international assignment tax services.

Recently enacted California legislation (S.B. 122, Chapter 23) extends the $5 million annual credit limitation, and the related refundable credit election, through taxable years beginning before January 1, 2030. Beginning in 2030, a modified limitation is scheduled to apply. As a result, taxpayers with large California credit balances, particularly California research and development (R&D) credits, should evaluate whether they are likely to use those credits in the ordinary course or whether a refundable credit election may be beneficial.

Carl Fiore is a featured speaker at the 2026 Federal Tax Institute of New England at Saint Clements Castle and Marina, in Portland, Connecticut, on November 5, 2026. Carl is a managing director in Andersen’s US National Tax practice, where he focuses on gift, estate, individual, charitable, and fiduciary tax consulting and compliance matters. The title of his session is Washington Update – Pending and Potential Administrative and Legislative Changes.

Daniel Gespass, a managing director with Andersen’s US National Tax Practice who focuses on fiduciary income tax and gift and estate tax planning, is presenting at the Pennsylvania Bar Institute’s Estate Law Institute on November 4-5 in Philadelphia. Daniel is the speaker for the session, The Latest in Gift & Estate Tax, on November 5, from 9:45 am to 10:45 am ET.

Key considerations that can shape an AI company’s exit strategy.

New York has enacted a new annual surcharge on certain high-value residential properties in New York City that are not used as primary residences. The surcharge applies beginning with the New York City fiscal year that starts July 1, 2026. The New York City Department of Finance (DOF) began its implementation and enforcement of the Pied-á-Terre tax on July 23, 2026, with the mailing of over 31,000 notices to property owners throughout the five boroughs. The DOF originally set late-August 2026 deadlines for owners of residential homes, condos, and cooperative units to submit a surcharge exemption application. However, after extending the deadline to October 6, 2026, the DOF further extended the deadline to October 13, 2026, for all properties. An ensuing lawsuit brought by impacted homeowners has created uncertainty regarding enforcement of the tax, but taxpayers should be prepared for any outcome.

Daniel Gespass, a managing director with Andersen’s US National Tax Practice who focuses on fiduciary income tax and gift and estate tax planning, is a featured speaker at The 2026 Virtual Tax & Estate Planning Forum on October 26-30, 2026. On October 27, Daniel is co-presenting the session titled Navigating Estate Planning for Mid-Sized Estates in California.