Articles
Family Philanthropy: Bridging the Generation Gap and Working Together
Philanthropy is not just a “good” thing to engage in, it also provides a platform for establishing common ground and a means for perpetuating values.
Preparing the Next Generation for Ownership in a Dynamic World
Many parents are reluctant to share information for fear it will have a negative effect on their children, such as undermining their motivation to become self-sufficient or causing them to feel entitled.
Medicine is the New Frontier
Can we prolong life well into our 100s, and if so, how far? Can we do so in a state of vigorous health? Can we eliminate or control all disease?
The Biden Administration Tax Proposals
The Biden administration released its 2022 fiscal budget on May 28, calling for over $6 trillion of federal spending for the upcoming fiscal year, a 25% increase over the 2021 budgeted amount of $4.8 trillion.
IRS Updates Correction Program for Retirement Plans
The IRS has issued Revenue Procedure 2021-30 which updates its Employee Plans Compliance Resolution System (EPCRS).
SAFEs and the Section 1202 Exclusion
One of the most important tax factors that founders and start-up investors should consider upon exit from their investment is whether their capital gain may be eligible to be excluded (partially or in full) from capital gain treatment under the “qualified small business stock” (QSBS) tax exemption.
Remote Working Is Here to Stay: Is Your Business Ready for Its New State Tax Responsibilities?
Undoubtedly, the pandemic has impacted how and where we work. Our response to it has left a transformational work-related legacy: Telecommuting. In varying degrees, remote working is rapidly becoming the new normal for many businesses.
Private Operating Foundations – The “Hybrid” Vehicle
While most individuals in the philanthropic world are acquainted with private “non-operating” foundations and public charities, a subset or sub-classification of private foundations often goes unnoticed.
California ‒ Latest State to Provide SALT Relief via Pass-Through Entity Tax
California joined the growing list of states by recently enacting a pass-through entity (PTE) tax effective for tax years beginning on or after January 1, 2021 and ending before January 1, 2026, unless repealed sooner. T
Cyber Roundup – July 2021
Ransomware gangs do not, and will not, discriminate as to their targets. Everyone at this point needs to have a solid plan in place to not only prevent a ransomware attack, but also how to respond should one occur.
IRS Begins Child Tax Credit Payments
The IRS recently began sending the first of six monthly payments comprising the prepayment of the 2021 Child Tax Credit.
Treasury Green Book: Proposals to Change U.S. Tax Rules Impacting Foreign Investors
The U.S. Treasury published “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals” on May 28, 2021. The document, that is also called the “Green Book,” includes President Biden’s proposals to make changes to the Internal Revenue Code (Code).