HBR: Josh Baron & Rob Lachenauer, Build a Family Business That Lasts (Feb. 2021)

Josh Baron & Rob Lachenauer have published their Harvard Business Review article, Build a Family Business That Lasts (Feb. 2021). The article begins as follows: Given their portrayals in the media, it might be easy to dismiss family businesses as hotbeds of power playing, favor currying, and back-stabbing—preoccupations that can hurt the company, the family, … Continue reading HBR: Josh Baron & Rob Lachenauer, Build a Family Business That Lasts (Feb. 2021)

The Hill: Biden tax-hike proposals face bumpy road ahead (January 17, 2021)

The Hill has published an article by Naomi Jagoda, "Biden tax-hike proposals face bumpy road ahead," which discusses the potential difficulties Democrats will face in passing tax-increase legislation that appeases both the moderate and progressive sides of the party. The article begins as follows: President-elect Joe Biden and congressional Democrats have signaled plans to raise taxes on … Continue reading The Hill: Biden tax-hike proposals face bumpy road ahead (January 17, 2021)

Alex C.H. Yeung and Jason Fee: Limiting the Fiduciary’s Account of Profits: But-for Causation? (October 14, 2020)

Alex C.H. Yeung and Jason Fee, of University of Oxford - Harris Manchester College and University of Oxford - Merton College, respectively, will make available for download their article, Limiting the Fiduciary's Account of Profits: But-for Causation?, in 26 Trusts & Trustees (Forthcoming). The abstract is as followed: In an account of profits for breach of fiduciary duty, courts have understandably … Continue reading Alex C.H. Yeung and Jason Fee: Limiting the Fiduciary’s Account of Profits: But-for Causation? (October 14, 2020)

KPMG: COVID Relief Extended for Qualified Opportunity Funds and Investors (Jan. 20, 2021)

On January 19, 2021, the IRS released Notice 2021-10, which expands and extends previous relief granted in response to the ongoing COVID-19 pandemic. While the pandemic has disrupted aspects of Qualified Opportunity Zone (QOZ) planning and development, Qualified Opportunity Funds (QOFs) and potential QOF investors were able to rely on much-needed relief for the 2020 … Continue reading KPMG: COVID Relief Extended for Qualified Opportunity Funds and Investors (Jan. 20, 2021)

Bloomberg News: The Rich Are Minting Money in the Pandemic Like Never Before (January 17, 2021)

Davide Scigliuzzo of Bloomberg News has made available for download his article, “The Rich Are Minting Money in the Pandemic Like Never Before.” The article begins as follows: Americans have become, by some measures, richer during the pandemic than ever before.It’s a difficult thing to fathom, what with the economic collapse and the surge in the ranks of the jobless, the … Continue reading Bloomberg News: The Rich Are Minting Money in the Pandemic Like Never Before (January 17, 2021)

Bloomberg Tax: New IRS Tool Allows Tax Pros to Submit Authorizations Online (January 25, 2021)

Allyson Versprille, of Bloomberg Tax, has recently made available her article that discusses the new online portal that the IRS has created in order to help tax professionals get client signatures and submit forms like Form 2848, all online. With this new IRS tool, tax professionals can fill out Form 2848, Power of Attorney and … Continue reading Bloomberg Tax: New IRS Tool Allows Tax Pros to Submit Authorizations Online (January 25, 2021)

MICHAEL HILTZIK: 23,000 households reported income over $10 million last year. The IRS audited seven – Los Angeles Times (November 11, 2020)

Michael Hiltzik's Los Angeles Times column focuses how 23,000 households reported over $10 million in income and the IRS only audited seven of them. His article "23,000 households reported income over $10 million last year. The IRS audited seven". Begins as follows: Since we’ll be spending the next day or so pondering America as it … Continue reading MICHAEL HILTZIK: 23,000 households reported income over $10 million last year. The IRS audited seven – Los Angeles Times (November 11, 2020)

Richard L. Kaplan: Estate Planning for Retirement Benefits after the SECURE Act (January 7, 2021)

Richard L. Kaplan, of University of Illinois College of Law, has made available for download his article, "Estate Planning for Retirement Benefits after the SECURE Act," published in University of Illinois College of Law Legal Studies Research Paper No. 21-03. The abstract is as followed: This brief essay examines one of the most significant intersections … Continue reading Richard L. Kaplan: Estate Planning for Retirement Benefits after the SECURE Act (January 7, 2021)

Adam J. Hirsch and Julia C. Kelety: Electronic-Wills Legislation: The Uniform Act versus Australian and Canadian Alternatives (August 1, 2020)

Adam J. Hirsch and Julia C. Kelety, of University of San Diego and Superior Court of California, have have made availablefor download their article, "Electronic-Wills Legislation: The Uniform Act versus Australian and Canadian Alternatives," published in San Diego Legal Studies Paper No. 20-477. The abstract is as follows: Electronic wills, created on a computer and … Continue reading Adam J. Hirsch and Julia C. Kelety: Electronic-Wills Legislation: The Uniform Act versus Australian and Canadian Alternatives (August 1, 2020)

Joe Maria Barreo, Nicholas Bloom, and Steven J. Davis: Why Working From Home Will Stick (December 10, 2020)

Joe Maria Barreo, Nicholas Bloom, and Steven J. Davis, of Instituto Tecnológico Autónomo de México Business School, Stanford University, and University of Chicago Booth School of Business and Hoover Institution, have published their study, "Why Working From Home Will Stick," which presents the findings from a survey that investigate if working from home will be … Continue reading Joe Maria Barreo, Nicholas Bloom, and Steven J. Davis: Why Working From Home Will Stick (December 10, 2020)

Texas Fiduciary Litigator: Court Holds That Bank Did Not Owe Fiduciary Duties To Depositor/Consumer (January 18, 2021)

David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses Denson v. JPMorgan Chase Bank. In Denson v. JPMorgan Chase Bank, N.A., Sandra Denson went to her bank to deposit $730 when a $50 bill became temporarily stuck in the cash counting machine, causing the teller to miscount the amount of the deposit as $680. No. 01-19-00107-CV, 2020 Tex. … Continue reading Texas Fiduciary Litigator: Court Holds That Bank Did Not Owe Fiduciary Duties To Depositor/Consumer (January 18, 2021)

HBR Hotlist: What to Do If Your Team Doesn’t Want to Go Back to the Office (Jan. 25, 2021)

What to Do If Your Team Doesn’t Want to Go Back to the Office By Liz Kislik …but company leaders are insisting on it. HEALTH This Two-Minute Morning Practice Will Make Your Day Better by Neil Pasricha A research-based approach to building a positive outlook. WORK-LIFE BALANCE Take Your Lunch Break! by Ruchika Tulshyan Let’s leave sad desk lunches … Continue reading HBR Hotlist: What to Do If Your Team Doesn’t Want to Go Back to the Office (Jan. 25, 2021)

NY Times (January 15, 2021): The Estate Tax May Change Under Biden, Affecting Far More People

Paul Sullivan, in his New York Times article, focuses on the potential changes that the incoming Biden administration could make to the estate tax's step-up in basis rule. His article, “The Estate Tax May Change Under Biden, Affecting Far More People,” begins as follows: Tax policy used to be fairly boring and predictable. But in the past … Continue reading NY Times (January 15, 2021): The Estate Tax May Change Under Biden, Affecting Far More People

Stanford Business (January 17, 2021): How to Build Better Relationships; Binge Borrowing Zombie Corporations; and More!

Self-AwarenessHow to Build Better RelationshipsThey've taught the keys to forming deep connections in the MBA classroom — now they’ve turned those lessons into a book.Read More  EntrepreneurshipHard Lesson: COVID-19, the Wedding CrasherIn early 2020, Molly Kang, MBA ’15, was poised to upend the wedding industry with a direct-to-consumer bridal dress company. Then came social distancing.Watch More FinanceZombies … Continue reading Stanford Business (January 17, 2021): How to Build Better Relationships; Binge Borrowing Zombie Corporations; and More!

Florida Probate & Trust Litigation Blog: What’s the “origin of the claim” doctrine and why should trusts and estates litigators care? (January 18, 2021)

Juan C. Antúnez, in his Florida Probate & Trust Litigation Blog, discusses the "origin of the claim" doctrine as it pertains to income taxes on inheritances via IRC § 102 (a) and (b). The article begins as follows: Ever wonder why we don’t spend much time thinking about the income tax consequences of an inheritance? Well, there’s a simple reason … Continue reading Florida Probate & Trust Litigation Blog: What’s the “origin of the claim” doctrine and why should trusts and estates litigators care? (January 18, 2021)

All taxpayers now eligible for Identity Protection PINs

The Internal Revenue Service today expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns using a taxpayers' personally identifiable information. … Continue reading All taxpayers now eligible for Identity Protection PINs

IRS ready for the upcoming tax season; last-minute changes to tax laws included in IRS forms and instructions

The Internal Revenue Service today assured taxpayers and tax professionals that updates to key federal tax forms and instructions are complete and will be available when Americans begin filing their tax returns. Most individual taxpayers file IRS Form 1040 or Form 1040-SR PDF once they receive Forms W-2 and other earnings information from their employers and payers. IRS has incorporated … Continue reading IRS ready for the upcoming tax season; last-minute changes to tax laws included in IRS forms and instructions

T.D. 9946: Final Regulations Addressing the Deductibility of Fines and Penalties Issued (Jan. 13, 2021)

The IRS has released final regulations that address the changes made to Code Sec. 162(f) by the Tax Cuts and Jobs Act. These regulations finalize the proposed regulations released last May. The final regulations also provide guidance relating to the information reporting requirements for fines and penalties under Code Sec. 6050X. To see T.D. 9946 … Continue reading T.D. 9946: Final Regulations Addressing the Deductibility of Fines and Penalties Issued (Jan. 13, 2021)

Bridgewater Global Observations: Beyond the Election: What Doesn’t Change Will Be a Lot More Than What Does (Nov. 3, 2020)

Bridgewater has made available to the public it's Global Observation (Nov. 3, 2020): Beyond the Election: What Doesn’t Change Will Be a Lot More Than What Does. The summary from CEO, David McCormick is as follows: While the US election is very important across many dimensions, it’s also worth keeping in mind that the dominant … Continue reading Bridgewater Global Observations: Beyond the Election: What Doesn’t Change Will Be a Lot More Than What Does (Nov. 3, 2020)