Capital gains tax rates are at historic lows, but they are in the political crosshairs. It’s a good idea to take advantage of planning strategies now.
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Capital Gains Planning Strategies
Avoiding The Partnership Technical Termination Trap
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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New Staff Members Bring Array Of Skills To Firm
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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Duly Noted
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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IPOs for Small Investors
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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Same-Sex Couples Must Plan Carefully
Uncle Sam gives the best wedding presents. A Simon Pearce vase is divine, but it pales in comparison with the …
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Do Incentive Trusts Encourage Responsibility?
Wealth is difficult to amass but easy to squander. This worries some affluent parents, so they are transferring assets to …
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Teaching Creativity In Business
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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Duly Noted
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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Tips On Surviving A Tax Audit
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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