Alysse McLoughlin and Katie Quinn, partners on the state and local tax team in the New York office, authored the Tax Notes article “A Trap for the Unwary Purchaser of an IRA Credit” published on April 15, 2024. Alysse and Katie’s article highlighted the potential tax implications regarding the transferability of IRA credits, advising purchasers to consider the potential state income tax consequences and possible arguments against such taxation.