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Ideas & Insights

Perspectives

At MGO, we believe ideas are the building blocks of opportunity. Discover our latest thinking on the topics our clients care most about.

Featured Insights

May 26, 2022

New York and California Pass-Through Entity Tax Election: June 15 Deadline Reminder

Passthrough entities and their owners need to act soon to take advantage of SALT Cap Workarounds (i.e., “Passthrough Entity Taxes,” or “PTETs”).

May 24, 2022

Understanding New Employer Reporting Requirements for New York State

As of January 1, 2022, New York employers must report new hires who are listed as independent contractors with contracts more than $2,500.

May 17, 2022

Attention New Jersey Cannabis Operators: Your First SEEF Return is Due on May 20

With the launch of adult-use cannabis sales in New Jersey, the first tax payments do not lag far behind.

May 10, 2022

Unclaimed Property is All the Rage in California

This tax season California regulators have new requirements, new programs, and launched fraud prevention efforts to encourage unclaimed property compliance.

May 03, 2022

Scope 1, 2 and 3 GHG Emissions and their Potential Impact on SEC Reporting

In March 2022, the SEC proposed new regulations specific to climate-related disclosures which would impact reporting obligations for public registrants.

April 13, 2022

SEC Climate-Related Disclosure Proposal: Charting the Path Forward

In late March, the SEC proposed a rule that, if implemented, will require public companies to include climate-related disclosures within their annual reports.

April 12, 2022

How Will the Rise in IRS Interest Rates Impact Your Tax Position?

The Internal Revenue Service (IRS) has announced that interest rates will increase for the calendar quarter beginning on April 1, 2022.

March 18, 2022

SALT Transfer Pricing Enforcement Is Increasing – How to Defend Your Transfer Pricing

Once primarily an international tax issue, transfer pricing has become increasingly important at the state and local tax (SALT) level.

March 16, 2022

Private Equity and Environmental, Social, and Governance (ESG): Risks and Opportunities

The private equity industry continues to push through ambiguity surrounding ESG criteria to navigate risks and discover opportunities for investment returns.

March 14, 2022

The Suspension of Certain IRS Automatic Notices May Pose A Trap for The Unwary Taxpayer

The IRS announced in February that it’s temporarily suspending mailing some automatic notices to taxpayers until it has worked through its backlog.

March 11, 2022

The IRS Again Eases Schedules K-2 and K-3 Filing Requirements for 2021

The IRS has announced additional relief for pass-through entities that are required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year.

February 17, 2022

How To Navigate New Pass-Through Entity Schedules K-2 and K-3 to Avoid Confusion When Filing

The IRS has introduced Schedules K-2 and K-3. Both are meant to expand upon items of international relevance to the owners of the entities.