NY Times: Seeding Accounts for Kindergartners and Hoping to Grow College Graduates (September 19, 2021)

Tara Siegel Bernard, of the New York Times, discusses the importance and logistics of New York City's establishment of a program that opens up savings accounts for every public school kindergartner. Their article begins as follows: Kindergarten often brings a flood of notices about events, school supplies and class photos. But when Vaniqua Hudson-Figueroa’s daughter … Continue reading NY Times: Seeding Accounts for Kindergartners and Hoping to Grow College Graduates (September 19, 2021)

Forbes: S Corp To Partnership Conversion Under Build Back Better (October 1, 2021)

Forbes has published an article, “S Corp To Partnership Conversion Under Build Back Better”, which discusses provisions of the Build Back Better Act such as the differing restrictions between S Corporations and Partnerships. The article begins as follows:  One of the most exciting provisions of the Build Back Better Act, to me anyway, is the … Continue reading Forbes: S Corp To Partnership Conversion Under Build Back Better (October 1, 2021)

Bob Carlson (Forbes): What You Need To Know About The Confusing Roth IRA Five-Year Rule (September 29, 2021)

Bob Carlson, of Forbes, has have made available for download his article, "What You Need To Know About The Confusing Roth IRA Five-Year Rule," published in Forbes. The article begins is as follows: There’s a lot of interest this year in converting traditional IRAs and 401(k)s to Roth IRAs. Some people hesitate to convert their … Continue reading Bob Carlson (Forbes): What You Need To Know About The Confusing Roth IRA Five-Year Rule (September 29, 2021)

KPMG Webcast: Reconciliation Bill Tax Provisions: Implications for Asset Management – Sept. 29, 2021

KPMG is hosing a webinar to discuss the implications of the reconciliation bill tax provisions on asset management. The summary is as follows: Washington is busy… On September 15th, the House Ways & Means Committee approved its portion of legislation relating to the 2022 Budget Reconciliation Bill. The Ways and Means provisions contain a number … Continue reading KPMG Webcast: Reconciliation Bill Tax Provisions: Implications for Asset Management – Sept. 29, 2021

Forbes: How Will 10 Types of Retirement Be Taxed? (September 22, 2021)

Forbes has published an article, “How Will 10 Types Of Retirement Income Be Taxed?”, which discusses smart planning with regards to retirement income strategies. The article begins as follows:  When you are planning for a retirement income you can't outlive, you must not forget about taxes. How much you will owe in taxes during your … Continue reading Forbes: How Will 10 Types of Retirement Be Taxed? (September 22, 2021)

Nathaniel Birdsall: Personal Planning Strategies – September 2021 (September 22, 2021)

Nathaniel Birdsall of Proskauer Rose LLP, has made available for download his article, "Personal Planning Strategies - September 2021,” published on JDSUPRA. The abstract begins as follows: Last Call for SLATs, GRATs, and the Use of the Enhanced Gift Tax Exemption?You have probably heard that the House Ways and Means Committee released proposals for increasing … Continue reading Nathaniel Birdsall: Personal Planning Strategies – September 2021 (September 22, 2021)

BDO USA: Estate Tax Planning in 2021: Uncertainty Abounds But Options Still Exist (August 2021)

BDO USA has published an article, “Estate Tax Planning in 2021: Uncertainty Abounds But Options Still Exist”, published on BDO USA. The abstract is as follows: Currently, U.S. citizens and non-U.S. citizens domiciled in the U.S. are entitled to an $11.7 million gift and estate tax exemption and are subject to a maximum marginal gift … Continue reading BDO USA: Estate Tax Planning in 2021: Uncertainty Abounds But Options Still Exist (August 2021)

NY Times (August 27, 2021): How to Make Your Marriage More Financially Equal

Ron Lieber, in his New York Times article, discusses how to equalize financial decision-making in a marriage. His article, “How to Make Your Marriage More Financially Equal”, begins as follows: A year and a half of pandemic living has revealed — or reminded us of — some persistent patterns around money, gender, marriage and families. And they … Continue reading NY Times (August 27, 2021): How to Make Your Marriage More Financially Equal

Forbes: Marriage? Give Me a (tax) Break (August 20, 2021)

Forbes has published an article, “Marriage? Give Me a (tax) Break”, which discusses the benefits of filing jointly as partners. The article begins as follows:  So, I hear you got married. Congrats! And you’re filing your taxes jointly for the first time, and want to know more about how to do that! Is that right? … Continue reading Forbes: Marriage? Give Me a (tax) Break (August 20, 2021)

TaxProf Blog – Bryan Camp: Lesson From the Tax Court: Retirement Plan Drafting Error Loses Taxpayer $51k Deduction (September 13, 2021)

Bryan Camp has published an article on the TaxProf Blog, titled "Lesson From the Tax Court: Retirement Plan Drafting Error Loses Taxpayer $51k Deduction" which discusses the outcome of Gayle Gaston v. Commissioner, T.C. Memo. 2021-107 (Sept. 2, 2021) (Judge Marvel). The article begins as follows: As tax practitioners know, to err is human, but … Continue reading TaxProf Blog – Bryan Camp: Lesson From the Tax Court: Retirement Plan Drafting Error Loses Taxpayer $51k Deduction (September 13, 2021)

Bloomberg Tax: Your Tax Pro’s Just Not That Into You: Why You May Get Dropped (August 19, 2021)

Bloomberg Tax outlines the reasons why tax professionals leave clients, as well as ways to avoid those pitfalls as a client. The article begins as follows: “Next year will be different.” It’s a mantra that I’ve heard over and over since the end of a long and stressful tax season—with apologies to those still working on … Continue reading Bloomberg Tax: Your Tax Pro’s Just Not That Into You: Why You May Get Dropped (August 19, 2021)

Helen Ruelle, Will Austin-Vautier, Laura Shirreffs, and Kate Morel (Lexology): Jersey: employment law update (September 9, 2021)

Helen Ruelle, Will Austin-Vautier, Laura Shirreffs, and Kate Morel, of Ogier, have made available for download their article “Jersey: employment law update”, published on Lexology. The article begins as follows: In the recent appeal decision of the Royal Court of Jersey,(1) the Deputy Bailiff, Robert McRae (QC), commented that the practice of publishing all of … Continue reading Helen Ruelle, Will Austin-Vautier, Laura Shirreffs, and Kate Morel (Lexology): Jersey: employment law update (September 9, 2021)

Sandie Lyne and Rachel Desanges (Lexology): Guernsey: employment law update (September 9, 2021)

Sandie Lyne and Rachel Desanges, of Ogier, have made available for download their article “Guernsey: employment law update”, published on Lexology. The article begins as follows: A secondary pension scheme – "Your Island Pension" – was due to be set up in Guernsey and Alderney from January 2022. However, plans have been delayed due to … Continue reading Sandie Lyne and Rachel Desanges (Lexology): Guernsey: employment law update (September 9, 2021)

Jeremy Snead, Anna Snead, Paul Goss (Lexology): Snapshot: implementing Cayman Islands charging orders in aid of enforcing foreign arbitral awards (September 9, 2021)

Jeremy Snead, Anna Snead, and Paul Goss, of Ogier, have made available for download their article “Snapshot: implementing Cayman Islands charging orders in aid of enforcing foreign arbitral awards”, published on Lexology. The article begins as follows: In the recent decision Top Jet Enterprises Limited v Sino Jet Holding Limited (unreported, 3 August 2021), Justice Segal provided … Continue reading Jeremy Snead, Anna Snead, Paul Goss (Lexology): Snapshot: implementing Cayman Islands charging orders in aid of enforcing foreign arbitral awards (September 9, 2021)

Simon Schilder, Michael Killourhy, Tim Clipstone, Nicholas Plowman (Lexology): Annual return reporting requirements for all fiduciary services licensees (September 9, 2021)

Simon Schilder, Michael Killourhy, Tim Clipstone, and Nicholas Plowman, of Ogier, have made available for download their article “Annual return reporting requirements for all fiduciary services licensees", published on Lexology. The article begins as follows: The Financial Services (Prudential and Statistical Returns) (Amendment) Order 2021 came into force on 15 February 2021.The British Virgin Islands Financial Services … Continue reading Simon Schilder, Michael Killourhy, Tim Clipstone, Nicholas Plowman (Lexology): Annual return reporting requirements for all fiduciary services licensees (September 9, 2021)

David Hunter & Nicholas Nester: Tax and Estate Planning for Cryptocurrency (August 17, 2021)

David Hunter and Nicholas Nester of Chambliss, Bahner & Stophel, P.C., has made available for download their article, “Tax and Estate Planning for Cryptocurrency,” published in JDSUPRA. The abstract is as follows: In the past year, the global market capitalization of cryptocurrency has grown exponentially, reaching a high of $2.56 trillion on May 11, 2021. Coinbase, … Continue reading David Hunter & Nicholas Nester: Tax and Estate Planning for Cryptocurrency (August 17, 2021)

BDO USA: U.S. Senate Approves Bipartisan Infrastructure Bill and Advances Budget Reconciliation Process (August 2021)

BDO USA has published an article, “U.S. Senate Approves Bipartisan Infrastructure Bill and Advances Budget Reconciliation Process”, published on BDO USA. The abstract is as follows: In less than 24 hours, the U.S. Senate voted to advance two legislative packages that would result in combined spending of approximately $4.5 trillion in both traditional infrastructure projects … Continue reading BDO USA: U.S. Senate Approves Bipartisan Infrastructure Bill and Advances Budget Reconciliation Process (August 2021)

TaxProfBlog – Lesson From The Tax Court: The Concept Of Reasonable Collection Potential (August 16, 2021)

Bryan Camp has published an article on the TaxProf Blog, titled “Lesson From The Tax Court: The Concept Of Reasonable Collection Potential", which discusses the role of Reasonable Collection Potential in law. The article begins as follows: One key concept for submitting a successful Offer In Compromise (OIC) is something called the Reasonable Collection Potential … Continue reading TaxProfBlog – Lesson From The Tax Court: The Concept Of Reasonable Collection Potential (August 16, 2021)

Northern Trust: Preparing for IPO-Generated Wealth (2021)

The Northern Trust has published an article, "Preparing for IPO-Generated Wealth", which discusses ways to prepare for the wave of wealth that often comes with successful IPOs. The article begins as follows: The U.S. Initial Public Offerings (IPOs) market is setting new records in 2021 with IPOs up more than 650% compared to a year … Continue reading Northern Trust: Preparing for IPO-Generated Wealth (2021)

Forbes: Mega IRAs Reflect Mega Legislative Mistakes (August 14, 2021)

Forbes has published an article, ”Mega IRAs Reflect Mega Legislative Mistakes,” which discusses Mega-IRAs and how they are a problem created by laws that lavish excessive tax benefits on high-income individuals.. The article begins as follows: Mega-IRAs are hot this summer, following a June 2021 report by the nonprofit news service ProPublica that revealed—based on leaked IRS files—that a … Continue reading Forbes: Mega IRAs Reflect Mega Legislative Mistakes (August 14, 2021)