Income and Employment Tax Changes The Patient Protection and Affordable Care Act of 2010 ("Obamacare") will increase taxes for certain individual...

The IRS recently released updated information regarding its 2012 Offshore Voluntary Disclosure Program (the "2012 OVDP") and modified the procedures for filing...

If you are a non-resident and non-citizen of the United States who owns U.S. assets (such as real estate or securities) or is considering acquiring a U.S. asset for your...

In an opinion released on Friday, March 2, 2012, the United States District Court for the District of Columbia partially overturned the National Labor Relations Board'...

As of August 17, 2011, Estates, Powers and Trusts Law ("EPTL") 10-6.6 was amended, significantly altering the decanting landscape in New York. The most...

Estate Tax The federal estate tax applicable exclusion amount increases from $5,000,000 to $5,120,000 per person for 2012. The top estate tax rate for...

On June 24, 2011, New York enacted the Marriage Equality Act (the "Act"), becoming the seventh jurisdiction in the U.S. to permit same-sex marriages, effective...

On May 23, 2011, the U.S. District Court for the Eastern District of California issued an opinion concerning a petition by the U.S. Department of Justice, seeking leave...

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “Act”), enacted on December 17, 2010, established new estate, gift...

For owners of closely held businesses which are in early stages of development, time is generally of the essence if there is a desire to transfer equity in the business to...

We are writing to alert you that certain advantageous provisions in the transfer tax law are due to expire on December 31, 2010. The next six weeks present a rare...

On September 17, 2010, New York State enacted the New York Prudent Management of Institutional Funds Act (the “Act”), becoming the 47 th state (plus the...

The sale of a family business presents both financial and other challenges. Entering the process from an informed perspective and with the assistance of a team of advisors,...

With the U.S. economic outlook being called "unusually uncertain" by Federal Reserve Chairman Ben Bernanke, estate and succession planning for your family has...

Is the lure of retirement calling your name, but you are not quite sure how to sell your company to get your fair market value? You would be remiss if...