Some families have been pleased about using partnership interests for wealth transfer during the recent market lows. Unfortunately, a few have been met with unwelcome surprises — five-figure bills penalizing the partnerships for filing late tax returns.
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It takes more than just financial talent to operate a high-end wealth management practice these days. Recent additions to our …
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Dwelling Used By Parents Is Taxpayer’s ‘Abode.’ In an apparent change of longstanding practice, a New Jersey businessman became subject …
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IPO officially stands for “Initial Public Offering,” but on Wall Street it really means “Immense Profit Opportunity for Important People Only.”
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Uncle Sam gives the best wedding presents. A Simon Pearce vase is divine, but it pales in comparison with the …
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Wealth is difficult to amass but easy to squander. This worries some affluent parents, so they are transferring assets to …
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EDITOR’S NOTE: A version of this article appeared in the Current Commentary feature on our website on May 4. I …
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Iowa Claims Tax Due On Consulting For In-State Client. An out-of-state consultant owes Iowa income tax on all the fees …
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I had just left our Scarsdale, N.Y., headquarters on a business trip a couple of years ago when an Internal …
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I’ll have a “Bloomin’ Onion,” the 12-ounce “Outback Special” — medium rare — with the loaded baked potato and, for …
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