Tax the Rich?
A few days ago, an opinion piece that appeared in the Wall Street Journal[i] began as follows:
“President Biden’s effort to pass the largest tax increase in U.S. history is based on the verifiably false claim
Continue Reading Maybe Tax the Rich, but Not The Conversion of S corps into Partnerships – What Gives?
What A Week
It was quite a week, wasn’t it?
Manchin
Senator Manchin continued to attract a lot of attention.
To the dismay of his fellow Democrats, the West Virginian – who also chairs the Senate Energy and Natural Resources
Continue Reading Gifts, Sales and Effective Dates: The Race Against the Clock the Taxpayer Cannot See
September 2021
What was your month like?
If you’re a transactional professional – a class in which I include those who advise clients on the purchase and sale of businesses and investment assets, as well as those who assist clients
Continue Reading Tax Hikes, Senator Manchin, and Effective Dates – OH MY!
Where Are We?
Have you seen the Triumvirate of late? No, not Julius, Pompey, and Crassus.[i] I’m referring to more contemporary political figures, whose names and exploits are not likely to appear in volumes[ii] that will be studied
Continue Reading Grantor Trusts on the Precipice?
I am delighted to launch TaxSlaw – where those hungry for tax knowledge come to chow down. Those who have been following me know that I have written about tax concerns for the closely-held business for more than a decade.
Continue Reading Welcome!
First Step
Last Wednesday, the House Ways and Means Committee approved that portion of the 2022 budget legislation with which it was tasked by the Congressional Budget resolution of August 24. The text of the bill prepared by the Committee
Continue Reading Disposing of Assets Under The Ways and Means Committee’s Proposals
Living the Dream
“How was your weekend?” Thank you for asking. Awful.[i]
“Why?” you ask. (Humor me. Pretend you’re interested.) I’ll tell you.
One word, with 535 syllables: Congress.[ii]
When the reconciliation budget resolutions were passed by the
Continue Reading Tax Hikes, Effective Dates, and Selling a Business
Summertime in Washington
On August 11, the Senate passed the $3.5 trillion budget resolution for the 2021-2022 fiscal year – S. Con. Res. 14, as amended – by a vote of 50 to 49, strictly along party lines, including Democratic
Continue Reading Tax Increases Are In Sight
Report Card:
A couple of weeks ago, the Treasury Inspector General for Tax Administration (“TIGTA”) released a report that presented the results of its review to determine whether the IRS’s “policies, procedures and, practices” adequately ensured that its examiners were
Continue Reading Are the Feds Getting Ready to Kick Your “S”?
Welcome to the Governor’s office, Ms. Hochul. Unfortunately, congratulations are hardly in order; indeed, a wish for good luck seems much more appropriate.
Continue Reading An Open Letter to the Incoming NY Governor, Kathy Hochul
