Press Room: Articles

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