Last time, we began discussing a recent tax case involving the issue of domicile. As we noted, the CEO of Match Group was successful in arguing that he had temporarily created a domicile in Texas, even though he still had ties to New York and eventually returned...
Month: February 2017
Complex domicile issues in tax cases make for interesting competing narratives, P.1
Income tax disputes can sometimes involve complex technical questions. These issues can involve not only the amount and type of income due, but also the status of the taxpayer, as in the case of Greg Blatt, CEO of Match Group—the company that owns and operates...
Looking at President Trump’s proposed tax changes for businesses , P.2
In our last post, we began looking at some of the changes expected to occur with tax reform in the Trump presidency. As we noted, reduction of corporate income tax rate, ending taxing of overseas income returned to the United States, and implementing a border...
3 reasons to make a succession plan for your family business now
Whether you are close to retirement, want to change careers or are facing an illness , you should develop and implement a succession plan for your family business. Leaving your position requires more than just a last-minute transfer of ownership to a descendant or...
Looking at President Trump’s proposed tax changes for businesses
Many readers have, no doubt, been following the talk of the changes coming down the pipeline with respect to the federal tax system. The proposed changes are on multiple fronts, including individual income taxation, estate taxation and corporate taxation.According to...
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