…to report, capped at 25 percent total. Passive Foreign Investment Companies Owning shares of a passive foreign investment company, or PFIC, subjects U.S. taxpayers to a complicated set of rules…
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Reporting Requirements For Foreign Assets
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The Dreaded Inverted Yield Curve
The Federal Reserve Bank of New York, New York City. Photo by Wikimedia Commons user Gryffindor. On Sept. 6, New York Federal Reserve President John Williams boldly said that the…
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Protecting Unemployed Lawyers In NYC
I left a job – and a lot of business connections – in Manhattan 20 years ago when I started my own firm. One of my first decisions as CEO…
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Next Year Arrives Early
…to the excellence of the winning team or the poetic timing of their triumph over the formidable Tampa Bay Rays. Instead, this is a thank-you note to all of professional…
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Garbage Journalism, Squared
…tax laws; Congress does. Highly skilled tax professionals certainly are well-paid, and they deserve to be, since their advice on how to comply with the law while paying the minimum…
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How Much Liability Insurance Do You Need?
…the $200,000 in between. To avoid this, most companies that sell umbrella insurance require customers to increase their base liability coverage to eliminate such holes. Sticking to one company can…
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Can Taxes Get Bigger, Simpler And Fairer?
…complexity too. Lawmakers want to support certain groups of Americans or encourage particular behavior, and the result is often narrower, more complex tax rules. When economists, rather than politicians, argue…
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The Braves Seek Out Suburbia
Cinematic baseball wisdom holds that if you build it, they will come. The Atlanta Braves seem to want to add a caveat: “…as long as you build it in the…
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Truly An Original
…employees too. The balance of joy and passion for the work paid off, and today the company has branches in over 60 countries. Nolen serves as one of many examples…
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Protecting College Athletes Ought To Be A Slam Dunk
…derail his basketball career. March Madness is over – with Ware’s team taking the ultimate tournament win without him – but Ware is just beginning a long process of recuperation….
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