The IRS quietly launched a coordinated campaign in late January to examine individuals who took advantage, starting in 2012, of tax incentives designed to lure high net-worth individuals and corporations to Puerto Rico.
Aristotle Onassis displayed the painting in the saloon of his super yacht the Christina, where it hung alongside paintings by El Greco, Pissarro, Gaugin, and Vermeer.
A summary of the key provisions of which advisors should be aware.
Morgan Stanley Private Wealth Management saw a spike in demand for its family office resources and 'lifestyle' advice during the pandemic, advisors say.
The so-called 1031 like-kind exchange rule was created a century ago to aid family farmers. It has evolved into a beloved tool of property moguls, Fortune 500 companies and real estate trusts that can use it to create a daisy-chain of tax avoidance.
A deep dive into the recently released tax court opinion on the King of Pop’s assets.
The opinion may serve as a helpful guide for valuing the right of publicity and copyrights for tax purposes.
An open letter to an indexed universal life policy owner.
