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Steven D. Lando

CPA
Tax Partner, Tax Leader of Anchin’s Services Group

Steven D. Lando, CPA, is a tax partner at Anchin. He is the Tax Leader of the Firm’s Services Group, including its Law Firms Group.

Steven's expertise is in the area of tax and strategic planning, specializing in income and estate tax planning, wealth preservation, and compliance for federal, international and a heavy focus on state & local taxes. His practice consists of law firms and attorneys, high net worth families, and a diverse group of business enterprises including public relations, media & advertising firms, hedge funds, acquisition companies, technology businesses, real estate owners and developers throughout the United States and in other various countries.

Steven has consulted with numerous groups and law firms on Paycheck Protection Loans, state and local nexus and the implications of a remote workforce, minimizing tax consequences of converting from a PC to an LLP, on establishing sophisticated pension plans to maximize owner contributions without undue burden on the business, on mergers & acquisitions, and on tax planning for investment decisions.

Steven has lectured to members of banks, law firms, real estate companies and most recently presented on the Paycheck Protection Program to the Association of Legal Administrators (“ALA”). He has also presented “The State of State and Local Taxation and How it Impacts Your Law Firm” to the ALA. He has written for publications such as the New York Law Journal and Law Office Administrator. He previously served on the State and Local, and Interstate Taxation Committees of the New York State Society of Certified Public Accountants (NYSSCPA) for a number of years.

  • Tax Planning and Compliance
  • Law Firms
  • Life Sciences
  • Manufacturing and Distribution
  • Real Estate
  • Technology

News

  • What You Need to Know about the Paycheck Protection Program (“PPP”) and the Tax Deductibility of Expenses Related to Loan ForgivenessMay 27, 2020

    The PPP Loan Program offers much needed relief to qualified businesses struggling with the challenges of the COVID-19 crisis. Yet the ongoing changes to the rules for borrowing and loan forgiveness have made navigating the program and claiming benefits challenging as well. Let’s review a key topic - the taxation of both loan forgiveness and the expenses paid with PPP Loan proceeds.

  • The CARES Act: Commonly Asked Questions for Technology CompaniesMay 1, 2020

    With Congress swiftly passing the largest economic stimulus package in history, it’s no surprise that the provisions of the CARES Act raised a significant amount of questions. In the past week alone we’ve seen more guidance and continued confusion amongst taxpayers. We hope the confusion subsides as more guidance is released over the coming days.  Although we have received many questions, here are some of the most commonly asked questions we have recently discussed with technology companies.

  • Anchin Law Firms Services Group UpdateApril 16, 2020

    SBA Issues Additional Guidance on Eligibility Criteria for Partners & Self-Employed Individuals

  • A Message from Anchin's Law Firm GroupApril 1, 2020

    Our Law Firm Group has been closely monitoring the latest COVID-19 developments, particularly the recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act. 

  • How PR, Marketing and Advertising Firms Define “Consulting” Will Impact Their Eligibility for the Valuable 20% Pass-Through Entity Tax DeductionFebruary 18, 2020

    In 2017, Congress enacted the Tax Cuts and Jobs Act (TCJA).  The legislation created new Section 199A, Pass-through Entity Deduction, allowing non-corporate taxpayers a 20% deduction on Qualifying Business Income (QBI).  However, the definition of income eligible for this tax benefit for public relations, marketing and advertising firms is not straight-forward.

  • There’s a new sheriff in town: the not-so-new IRS Consolidated Partnership Audit Regime (“CPAR”)September 6, 2018

    On January 01, 2018, the CPAR (promulgated under the Bipartisan Budget Act of 2015) went into effect. Two sets of related regulations were issued in August 2018. As a result, there is the potential for a federal entity level tax if an election out of the CPAR is not made with each year’s federal partnership tax return. Under the CPAR default regime, tax will be assessed on the partnership in the year that the partnership tax examination or audit becomes final - not the reviewed year (the year under audit). As such, the tax assessed may not be equitable due to partner ownership shifts in subsequent years. The goals of the new regime are two-fold: to increase the IRS collection efficiency and to reinvest resources into increasing the number of partnership audits. Since almost all partnerships and their partners will be effected, this alert summarizes some of the key issues that you will need to consider.

  • Proposed “Pass Through” Deduction Regulations - What does It mean for My Business?August 14, 2018

    The Pass Through deduction established as part of the Tax Cuts and Jobs Act (TCJA) allows sole proprietors and non-corporate owners of pass-through entities a maximum deduction up to 20% of their Qualified Business Income (QBI).  The deduction is limited to the lesser of 20% of the QBI or the greater of 50% of the amount of wages paid to employees or 25% of wages paid to employees plus 2.5% of the unadjusted cost of qualified property. It may be further limited by taxable income at the taxpayer (individual) level.

  • Is the Tax Cuts and Jobs Act (“TCJA”) Eating Law Firms Breakfasts, Lunches and Dinners?July 11, 2018

    The TCJA made significant changes to the Internal Revenue Code (“IRC”) regarding business deductions involving not just entertainment but, in many aspects, employee benefits and traditional meals as well. These changes affect law firms and their clients regardless of entity type however, significant guidance is still needed from the IRS.

  • New Tax Law Provides Potential Deferral Opportunity for Equity Compensation Granted by Privately Held CompaniesMarch 9, 2018

    The recently passed Tax Cuts and Jobs Act has attempted to cure a common problem that employees of privately held companies encounter when certain types of equity compensation convert and become income.

  • Hellenic Professionals Host US Tax Reform Panel DiscussionFebruary 17, 2018

    The panel of experts, including Anchin Tax Partner Steven Lando, discussed the changes and the implications for 2018 for business, markets, and individuals.

  • Taxes for LLC vs. C-Corp: Which is more beneficial for a Technology Company?December 14, 2017

    When making the decision about the type of entity you will choose for your business, there are many factors that need to be considered. Whether it is legal structure and liability, current and future tax implications, set up and compliance costs, or flexibility and exit strategy, there are a variety of elements which will help guide the decision.

  • Important Changes for the 2017 Tax Filing Season for all Calendar Year Law FirmsJanuary 5, 2017

    The Highway Act legislation gave rise to sweeping changes for the 2017 tax season due dates for filing both original tax returns and extensions.

  • ALA - The State of State and Local Taxation and How it Impacts Your Law FirmFebruary 20, 2014

    PowerPoint Presentation to the Association of Legal Administrators

  • COVID-19 Update Center

    The Anchin COVID-19 Update Center is available to simplify your access to critical financial information. It is updated regularly to supplement your communications with your…

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