A recent case, Lender Management LLC v. Commissioner of Internal Revenue, T.C. Memo. 2017-246, has created a window of opportunity for family offices to restructure their affairs and potentially deduct certain family office...more
9/28/2018
/ Business Expenses ,
C-Corporation ,
Corporate Taxes ,
Family Offices ,
Hedge Funds ,
Internal Revenue Code (IRC) ,
Investment Management ,
IRS ,
Limited Liability Company (LLC) ,
Partnerships ,
Private Equity ,
S-Corporation ,
Tax Court ,
Tax Deductions ,
Tax Planning
Many estate planning provisions of the Internal Revenue Code contain brackets, exemptions, exclusions, deductions, or other figures that the Internal Revenue Service adjusts annually for inflation. On December 22, 2017,...more
On August 2, 2016, the Treasury Department issued proposed regulations under Internal Revenue Code Section 2704. The proposed regulations, through a web of dense rules and definitions, would have narrowed longstanding...more