We Are Pleased To Announce that James Sopko, Esq., LL.M., has joined the Firm in order to transition his practice and his clients prior to his retirement. Jim is a personal friend, classmate, and professional colleague of Firm attorney, Joe Kempe, and has served the South Florida professional tax and estate planning communities for over 40 years. …
A new lawsuit exposes a massive private data breach, and everyone is urged to take action to protect their financial data. The facts surrounding the suit aren’t widely publicized, but it alleges that a massive data breach has exposed the personal information of countless individuals, including sensitive data such as addresses, dates of birth, names …
August 16, 2024 Senators’ Warren, Warnock, and Cleaver have reintroduced what they are touting as landmark legislation to tackle a U.S. housing crisis. Their introduced Bill is said to be bicameral legislation that would create nearly 3 million new housing units and would reduce rents by 10% for American families — entirely paid for by …
SENATE INTRODUCES ESTATE AND GIFT TAX REFORM TO PAY FOR HOUSING Read More »
– Most Entities Now Require Disclosure or Face Large Penalties – Most anyone who has created business entities, even if no business is conducted because the entity only owns passive real estate or stocks and bonds, must now disclose who owns, controls, or has economic rights in or from the entity, or risk significant penalties. …
YOU CAN’T BE ANONYMOUS ANY LONGER – ACTION REQUIRED! Read More »
March 12, 2024 BACKGROUND The U.S. Treasury Department this afternoon released the “Green Book” [PDF 2 MB]. Treasury’s “General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals” (“Budget Proposal”) is a 256-page explanation of the tax proposals in the Biden Administration’s FY 2025 budget, also released and transmitted to Congress. Most of the administration’s revenue proposals …
Federal Court Strikes Down the Corporate Transparency Act as Unconstitutional March 4, 2024 On March 1, 2024, the federal judge presiding over the lone case testing the validity of the Corporate Transparency Act (CTA) struck down the CTA as unconstitutional. As our recent Client Update has explained, Congress imposed mandatory reporting obligations on certain companies …
FEDERAL COURT STRIKES DOWN CORPORATE TRANSPARENCY ACT AS UNCONSTITUTIONAL Read More »
Exeter Prize 2023 Winners We are happy to announce the winners of the 2023 Exeter Prize for the best paper published in the previous calendar year in a peer-reviewed journal in the fields of Experimental Economics, Behavioural Economics and Decision Theory. The winners are Kirby (Kempe) Nielsen (Caltech) and John Rehbeck (Ohio State University) for their paper “When choices are …
Karen Rezikyan, CPA Mr. Rezikyan joins us from the national CPA firm, Frankel Loughran Starr & Vallone LLP’s, where he was a Tax Manager in their high-net-worth tax department. Prior, he was an international tax accountant with Brunton, Strachan & Khan, CPA in Boca Raton, FL. Mr. Rezikyan’s background is concentrated in tax compliance and …
September 11, 2023 Dear Clients and Friends: The Grantor Trust Debate – Does the Death of the Grantor Cause a Cost Basis Adjustment to Fair Market Value? – This note is sent in advance of our Client Update, that you will receive in October. The purpose of this alert is to address some developments associated with …
March 20, 2023 Dear Clients and Friends: Investing is a unique pursuit and one that depends on the goals of the investor. There are many investments to choose from, but no matter what they are, there are risks that should always be considered. Each investment carries its own risks and risks differ depending on the investment …
