February 14, 2024
Establishing Puerto Rico Resident Status – US Tax Benefits and Common Misconceptions
For high net worth individuals with a flexible work/life schedule, relocating to Puerto Rico could provide a potential opportunity to reduce federal and state taxes without having to give up U.S.
February 14, 2024
Planning for Alternative Investment Funds in 2024
Although 2023 didn’t bring large-scale changes to federal tax law, recent court cases, phased-out provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) and COVID-19 relief acts, state legislation, and potential
February 14, 2024
Top Tax Issues Impacting Businesses in 2024
The year 2023 saw a rebounding stock market, reduced inflation, and growing hopes for a soft landing for the economy. Amidst this economic environment were bank failures, congressional gridlock, and the continuation of geopolitical
December 07, 2023
The Current State of Play of Nonprofit NIL Collectives in College Sports
The economics of college sports changed in a seismic shift on July 1, 2021, when the National Collegiate Athletic Association (NCAA) adopted an interim policy allowing student-athletes to be compensated for the use of their
December 07, 2023
Valuation Can Make or Break Your QSBS Benefit
In a recent Q3 2023 Newsletter article, we outlined how Qualified Small Business Stock (QSBS) can be a powerful tool for certain taxpayers and how proper documentation and technical analysis are important to ensuring
December 07, 2023
Strategic Wealth Planning in a Higher Interest Rate, Uncertain Market
Taxpayers and their advisors face an uncertain future due to volatile markets, the potential for recession still looming, and increasing interest rates. While this uncertain market presents challenges, it also creates certain wealth
October 18, 2023
Investors in NFTs Receive Initial Tax Guidance
Non-fungible tokens (NFTs) experienced a huge spike in investor interest in 2021 before collapsing in 2022 along with the broader financial markets. However, there continues to be excitement around NFTs. Along with this interest, there
October 18, 2023
Estate of Cecil v. Commissioner: U.S. Tax Court Allows Tax Affecting in S Corp Valuations
After a more than 20-year debate regarding tax affecting, the U.S. Tax Court recently sided with the taxpayer in the case of Estate of Cecil v. Commissioner (Cecil) in its March 2023 ruling.
October 18, 2023
An After-Tax Basis: Utilizing Enhanced Indexing in Coordination with Strategic Tax Loss Harvesting
Capital gains taxes can severely erode investment performance over time. Effectively managing portfolio gains through strategic tax loss harvesting can create significant annual tax savings and increase real portfolio returns over the long
October 18, 2023
To Be A Resident Or To Not Be A Resident: U.S. Gift And Estate Tax Considerations For Foreign Taxpayers
In the world of gift and estate tax, for the tax year 2023, a U.S. citizen and/or resident decedent currently receives a $12.92 million lifetime exemption from tax on their worldwide assets, while