• 01.26.16

    The Built-In Gains Tax

    Many business owners are aware that, if a business is operated through a C corporation, the corporation pays tax on the profits and, when the profits are distributed to the shareholders in the form of dividends, the shareholders pay tax on the dividends.

  • 05.07.14

    Virtual Currency & IRS Reality

    The Internal Revenue Service recently issued Notice 2014-21 to provide guidance for the tax treatment of virtual currency, such as Bitcoin.

  • 12.04.13

    1031 Exchanges: Exchanging Out of California? Do Keep In Touch

    As we have noted previously, many property owners are aware that one can sell investment property and reinvest the sales proceeds in like-kind investment property without having to pay tax on the sale.

  • 03.27.13

    1031 Exchanges of Investment Property— Recent Cases

    Many property owners are aware that one can sell investment property, at a profit, and reinvest the sales proceeds in replacement investment property, without having to pay tax on the sale. Such transactions are known as "tax-deferred exchanges" or "1031 exchanges" (1031 being ...

  • 04.26.12

    Family Limited Partnerships: Still a Useful Estate Planning Tool

    In previous newsletters, we have discussed the benefits associated with family limited partnerships. (See Planning to Pass the Baton: Family Wealth Transfers, September 2011).

  • 09.07.11

    Planning to Pass the Baton: Family Wealth Transfers

    If you have accumulated a substantial investment portfolio, or you own a successful business, there may come a time when you start planning to transfer ownership of the investments, or business, to younger generations of your family.