They didn’t meet documentation requirements, and their appraisals contained valuation misstatements.
New York court allows minority owner to obtain information despite attorney-client privilege.
They won’t owe excise tax on required minimum distribution failures from 2021 to 2023.
Another case that creates great client service opportunities involving redemption adjustments.
Charles Lubar, retired senior counsel from McDermott Will & Emery, details the complexities in dealing with tax implications of projects involving the Muppets and Michael Jackson.
Don’t assume wealthy clients have done their planning.
What’s happening with this asset class?
Evolving global tax and disclosure regimes to consider.
A valid investment discipline regardless of the politics.
Implications for family offices and their advisors.
