David Lenok is a senior editor for Wealthmanagement.com and Trusts & Estates. He's an attorney admitted to practice in New York and writes about general wealth planning issues.
In the most recent data available, the number of high-income returns increased as a percentage of overall returns filed, even after adjusting for inflation, according to the IRS.
New York's Department of Financial Services set a series of rolling deadlines for companies to become compliant with the new standards. The first is imminent.
Investors looking to take a flyer on the “budding” industry need to understand that risks go up when companies “touch the plant.” Safer plays are further down the supply chain.