• The Tax Court assesses family business transactions for gift tax and capital gains tax-In Cynthia L. Huffman and Estate of Chet S. Huffman, Memo TC. 2024-012 (January 31, 2024), Patricia and Lloyd Huffman were married and employed by Dukes, a company that engineered and manufactured parts for the aerospace industry. Eventually, Lloyd became president…
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Charles A. Redd provides an in-depth analysis of a recent Supreme Court ruling regarding the tax consequences of gifts. Source link
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The flurry of legal commentary on the Corporate Transparency Act (CTA) has largely focused on arcane rules and confusing exemptions. Because CTAs affect so many customers and the penalties for non-compliance are so severe, we'll focus on practical action steps you can take to address CTAs. Source link
Read MoreAs anyone who has spent time in Massachusetts knows, the Commonwealth has many beautiful vacation spots, from its beaches on Cape Cod to the bucolic forests of the Berkshires. So it's no surprise that Massachusetts has a thriving community of people who own vacation homes there but reside elsewhere. They are not always aware that…
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Liz Nesvold, who resigned as president of $40.7 billion RIA Cresset at the beginning of this month, he held a concert at Emigrant Bank as vice president. She will work closely with units across the bank that touch on the wealth management business, including Emigrant Partners, New York Private Trust, Sarasota Private Trust and Cleveland…
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Open, honest, and candid discussion about the decline of 401(k) plans, retirement account consolidation, technology in DC plans, and plan sponsors demanding more from their advisors. Fred Barstein | February 28, 2024 Source link
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A new study by City index reveals that the United States is home to more than twice the number of female billionaires than anywhere else in the world. Based on real-time Forbes billionaire tracker, the study found that America currently boasts 97 female billionaires to be exact. China comes second with 42 female billionaires, followed…
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Opinions expressed by Entrepreneur contributors are their own. Everyone always has a place at the Segura family dinner table. Miguel and Lisa Segura, owners of Miguel's Artisan Recipes in Clovis, California, have been making homemade Mexican recipes for their friends and neighbors for decades. But when the pandemic hit and both were laid off, they…
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For the past several years, advocates in the United States and around the world have argued loudly for a new form of money and currency – and an elimination of what we now call “cash.” In 2024, believers should expect questions about central bank digital currencies (CBDCs) in general, and a digital U.S. dollar issued…
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