News

Whiteman Osterman & Hanna is proud to announce Scott Shimick has been selected to The Business Journals' Influencers: Law.  This list spotlights 100 attorneys who are having an impact on business and legal matters in communities across the nation. Congratulations Scott!  Click here for more information.

As part of the 2017 Tax Cuts and Jobs Act (the “TCJA”), Congress created the Qualified Opportunity Zone (“QOZ”) tax benefits.  Owing in part to confusion over the provisions, the QOZ tax benefits were not initially as widely publicized and discussed as most of the other provisions of the TCJA.  However, with the proposed regulations issued by the IRS in October and high-profile funds being created, Qualified Opportunity Funds have been increasingly in the news. [...]

Whiteman Osterman & Hanna tax partner Scott Shimick recently participated in the Albany Business Review's Table of Experts on Tax Reform. Scott joined representatives from UHY, Teal Becker & Chiaramonte, The Bonadio Group, Wojeski & Company, and Staff Ciampino at the Business Review's offices to discuss the impact of the new tax changes and regulations. Click here for a full recap.

As part of the 2017 Tax Cuts and Jobs Act (the “TCJA”), Congress added Sections 1400Z-1 and 1400Z-2 to the Internal Revenue Code, creating the Qualified Opportunity Zone tax benefits.  Owing in part to confusion over the provisions, the Qualified Opportunity Zone tax benefits have not been as widely publicized and discussed as most of the other provisions of the TCJA.  However, the IRS has recently issued proposed regulations and a Revenue Ruling that have brought clarity [...]

At Whiteman Osterman & Hanna, we strive to provide the highest quality services to meet the needs of our region. In light of the recent surge of craft alcohol producers in our area - up 50% since 2014 - we’ve decided to take our support of the industry to the next level, adding an Alcoholic Beverages practice area to our firm. Our attorneys are no stranger to this practice area. In fact, we’ve been regularly handling licensing and compliance matters unique to the industry, as [...]