What COVID-19 Means for America’s Economic and Financial Statecraft

By Michael B. Greenwald It is already evident that coronavirus has triggered a deeper recession than that of the Global Financial Crisis. Much like the latter, monetary authorities at the Federal Reserve have undertaken unprecedented actions to support liquidity in global markets. These steps have included support for domestic debt markets, including a recent expansion … Continue reading What COVID-19 Means for America’s Economic and Financial Statecraft

Kitces Report: Jeffrey Levine, Analyzing The CARES Act: From Rebate Checks To Small Business Relief For The Coronavirus Pandemic (Mar 27, 2020)

Jeffrey Levine has published an in depth article on the CARES Act on the Kitces Report. The Executive Summary is as follows: In response to the unfolding COVID-19 global pandemic (as the US this week surpassed China as the country with the most confirmed cases in the world), the US Senate has passed the Coronavirus … Continue reading Kitces Report: Jeffrey Levine, Analyzing The CARES Act: From Rebate Checks To Small Business Relief For The Coronavirus Pandemic (Mar 27, 2020)

How the Final Regulations on Qualified Opportunity Funds Come Out on Trust and Estate Related Issues

By Kevin Matz On December 19, 2019, the U.S. Department of Treasury and the Internal Revenue Service (collectively, “the Treasury Department”) released long-awaited final regulations on qualified opportunity funds (“QOFs”) (the “final regulations”). The final regulations come on the heels of two tranches of proposed regulations, which generated more than 300 comment letters from organizations … Continue reading How the Final Regulations on Qualified Opportunity Funds Come Out on Trust and Estate Related Issues

IRS Releases two updated IRA publications and other online resources help taxpayers planning for retirement

The Internal Revenue Service has updated two comprehensive publications designed to help anyone making IRA contributions or receiving IRA distributions for tax year 2019 or considering making retirement donations before April 15, 2020. The 2019 editions of Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs) and Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), are both now … Continue reading IRS Releases two updated IRA publications and other online resources help taxpayers planning for retirement

Libson + Parchomovsky: Reversing the Fortunes of Active Funds (Jan 2020)

Adi Libson & Gideon Parchomovsky have made available for download their research paper, Reversing the Fortunes of Active Funds. The Abstract is as follows: Recent years have witnessed a considerable growth of passive fund at the expense of active funds. This trend picked in 2019, a year that saw passive funds surpass active funds in … Continue reading Libson + Parchomovsky: Reversing the Fortunes of Active Funds (Jan 2020)

Rev. Rul. 2020-05: Adjustments to basis for life insurance contracts

The IRS has released an advance version of Rev. Rul. 2020-05 that updates guidance previously provided in Rev. Rul. 2009-13 and Rev. Rul. 2009-14 for adjustments to basis for life insurance contracts to account for the changes to section 1016(a), as amended by the Tax Cuts and Jobs Act. Click here to download Rev. Rule … Continue reading Rev. Rul. 2020-05: Adjustments to basis for life insurance contracts

Ray Dalio + Bridgewater make their “2020 Strategic Report: An Economic and Markets Outlook,” available for download.

Ray Dalio + Bridgewater make their “2020 Strategic Report: An Economic and Markets Outlook,” available for download.  Bridgewater has also posted three videos summarizing their report. The summary is as follows: Throughout history, there have been relatively long periods during which the markets and market relationships operate in a certain way — what we call “paradigms.” … Continue reading Ray Dalio + Bridgewater make their “2020 Strategic Report: An Economic and Markets Outlook,” available for download.