Tax Planning

The Health Care and Education Reconciliation Act’s Tax on Net Investment Income

by William McNairy, Sara Vizithum, Sue Young | Brooks Pierce on 5/20/2013

One of the provisions included in the health care reform legislation enacted in 2010 will subject certain individuals to a 3.8% tax on net investment income (or "unearned income"). The new law is effective in 2013 and imposes...more

As Nonprofits Expand Their Global Reach, a Special Focus on Tax, Trademarks and the Foreign Corrupt Practices Act

by Charles Kolstad, Lindsay B. Meyer, Andrew D. Price, Jeffrey S. Tenenbaum | Venable LLP on 5/14/2013

In this presentation: - Introduction - Trademark/Brand Strategy and Protection - U.S. Foreign Corrupt Practices Act and Anti-Corruption - Cross-Border Tax Planning and Compliance Please see...more

Tales from the Crypt -- Post-Mortem Planning Using Private Placement Insurance Products

by Gerald Nowotny on 5/9/2013

Overview - This article discusses the use of private placement products - private placement deferred variable annuities (PPVA) and private placement life insurance (PPLI)- in post mortem income tax and transfer tax...more

White House Budget Proposes Numerous Tax Changes as Congressional Tax-Writing Committees Focus on Reform

by Armando Gomez, Paul McLaughlin, Cary Pugh | Skadden, Arps, Slate, Meagher & Flom LLP on 5/3/2013

On April 10, 2013, the White House released its proposed budget for fiscal year 2014. The budget contains significant tax proposals related to renewable energy, research and job creation, as well as numerous changes affecting...more

Soy Boricua - Rethinking Inbound Tax Planning for Wealthy Latin American Moving to the U.S.

by Gerald Nowotny on 4/24/2013

Overview - In case you did not know, Miami is the capital of Latin American. It is the port of entry for Latin Americans from Central and South America. Historically, wealthy Mexicans have liked California and Texas...more

The Estate Planner - May/June 2013

by Shumaker, Loop & Kendrick, LLP on 4/19/2013

In This Issue: - Exemption portability: Should you rely on it? - Decant a trust to add trustee flexibility - Using the GST tax exemption to build a dynasty - Estate Planning Red Flag: Your plan includes a...more

I Want to Live in America!- Part I Tax Planning Considerations for Foreign Scientists and Engineers

by Gerald Nowotny on 4/17/2013

Overview - As discussions regarding immigration reform continue to unfold, one point that is not under discussion or subject to debate is the contribution of foreign scientists and engineers to the New Economy. The statistics...more

Personal Planning Can Help Private Equity Pros Save on Taxes

by Bradley Van Buren | Holland & Knight LLP on 4/10/2013

When private equity or venture capital fund principals and managing partners look to roll out a new fund, in addition to reconciling general fund formation issues, they should consider the personal-planning opportunities...more

Becoming Puerto Rican - The Tax Benefits of Puerto Rican Residency for U.S. High Net Worth Taxpayers

by Gerald Nowotny on 4/8/2013

Overview - My last article focused on the attractiveness of Puerto Rico for hedge fund managers . Poor John Paulsen cannot make a move without the financial press reporting on the story. If he bought a Big Gulp at...more

Home Is Where You Hang Your Hat: The Significance of Domicile Planning

by Michael Grohman, Jerome Wolf | Duane Morris LLP on 3/22/2013

A debtor, regardless of state residence, can seek protection from his or her creditors in the federal bankruptcy courts. However, the state in which the debtor resides or, more accurately, is "domiciled," will determine which...more

Tax Communiqué: Highlights from the Budget 2013

by Heenan Blaikie LLP on 3/22/2013

Budget 2013 was tabled on March 21, 2013. Heenan Blaikie’s National Tax Group has prepared the following overview of some of the more significant tax-related measures....more

When Athletes Retire, Is the Next Step Bankruptcy or Paradise?

by Michael Gillen, Kenneth Shropshire | Duane Morris LLP on 3/21/2013

The "paradise" stories for the post-playing careers of professional athletes are without a doubt under told. The success of Roger Staubach in building a real estate empire, the multiple businesses of NBA all-stars Magic...more

Tax Issues for Same-Sex and Non-Traditional Couples

by Baker, Donelson, Bearman, Caldwell &... on 3/8/2013

Tax issues are among the many legal challenges same-sex and non-traditional couples face. Currently the Defense of Marriage Act of 1996 (DOMA) requires that under federal law marriage is between a man and a woman. Our federal...more

Divorce Tax Planning

by The Byrd Law Firm, P.A. on 2/27/2013

In August 2012, Tiger Woods and Elin Nordegen finalized their divorce here in Florida. With their settlement terms undisclosed, the world is speculating as to what will happen with the young billionaire’s assets, including...more

International Tax & Transfer Pricing Strategies in the Crosshairs

by Claire M.C. Kennedy | Bennett Jones LLP on 2/22/2013

The OECD recently issued a report targeting corporate tax planning and transfer pricing strategies, which it asserts constitute a serious risk to tax revenues, tax sovereignty among nations and tax fairness. (OECD (2013),...more

Non-Grantor Trusts – A Double-Edged Solution for Taxpayers Living in States with High Taxes

by Gerald Nowotny on 1/21/2013

Overview - This article discusses the use of non-grantor trusts as an asset protection planning tool, while introducing the non-grantor trust as an income tax planning tool in order to reduce taxpayer’s exposure to state...more

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