Tax and Estate Plans


Five Tax Reform Strategies for Business Owners
Jonathan Fitzgerald, Wilmington Trust
With the passage of the Tax Cuts and Jobs Act in late 2017, virtually all areas of federal tax law saw sweeping changes. As a business owner, it’s particularly important to understand how these
In the Wake of Federal Tax Reform, Family Offices Should Consider Restructuring
Waller Lansden Dortch & Davis
Federal tax reform has potentially and perhaps unexpectedly increased the tax liability for families by destroying the deduction for investment expenses. However, the recent United States Tax Court
New "Qualified Opportunity Zone" Program
Vorys, Sater, Seymour and Pease
As part of federal tax reform, Congress created a new “Qualified Opportunity Zone” program to encourage investment in businesses that are located in low-income communities. Under this
The Impact of Tax Reform on Divorce
Blair C. Talty, Wilmington Trust
The Tax Cuts and Jobs Act of 2017 is sweeping in its reach, and divorce situations are not immune from its influence. The new tax law changes the tax treatment of alimony for both the payer and the
Strategies for Successfully Obtaining New Market Tax Credit Financing
Vorys, Sater, Seymour and Pease
The purpose of the New Markets Tax Credit (NMTC) program is to attract private investment to communities lacking adequate access to capital and experiencing vacant commercial properties, outdated
10 Estate Planning Tips for Families With Beneficiaries With Special Needs
Robert M. Freedman, Schiff Hardin
Life is more complicated for families who have a loved one with a disability. The process of developing an estate plan requires the ability to navigate the confusing and often counter-intuitive rules
Identifying and Avoiding Tax Scams
Hemenway & Barnes
Every year during tax season the Internal Revenue Service (IRS) releases the “Dirty Dozen” list of tax scams. With the increased number of data breaches, it is important to remain
Charities Must Consider UBIT Consequences of Creative Fundraising
Vorys, Sater, Seymour and Pease
The Tax Cuts and Jobs Act was signed into law in December and made sweeping changes to many laws affecting tax-exempt organizations. Several changes combined to eliminate the tax incentive for many
Forthcoming Regulations to Close "S Corporation" Loophole Under New Carried Interest Rules
Koley Jessen
Section 1061 of the Tax Cuts and Jobs Act imposes a new three-year holding period for gains derived by a partnership that are passed through to the holder of a carried interest to qualify as long-
How Can "Friendly" Loans Impact Your Tax Liabilities?
Koley Jessen
It is not uncommon for a related or “friendly” party to desire to make a loan at a lower interest rate than what is available in an arms-length transaction on the open market. This is