United States policy surrounding renewable energy has fluctuated significantly as administrations change; President Jimmy Carter put solar panels on the White House in 1978, and President Ronald Reagan removed the panels in...more
2/19/2025
/ America First Trade Policy ,
Department of Energy (DOE) ,
Diversity and Inclusion Standards (D&I) ,
Energy Policy ,
Executive Orders ,
Federal Budget ,
Inflation Reduction Act (IRA) ,
Infrastructure Investment and Jobs Act (IIJA) ,
IRS ,
Legislative Agendas ,
Regulatory Agenda ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Trump Administration
With the looming elections, tax planners have taken time to consider what the future of Estate and Gift Tax planning might be under the new Congress. Every new Congress considers changes to the Internal Revenue Code of 1986,...more
11/4/2024
/ Beneficiaries ,
Closely Held Businesses ,
Donald Trump ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Fair Market Value ,
Family Limited Partnerships ,
Gift Tax ,
Gift-Tax Exemption ,
Green Book ,
Heirs ,
Internal Revenue Code (IRC) ,
IRS ,
Kamala Harris ,
Legislative Agendas ,
Proposed Rules ,
Regulatory Agenda ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Transfer of Assets ,
Treasury Regulations ,
Valuation ,
Wealth Management
Real estate business owners face unique challenges that many business owners in other industries do not experience. The real estate market climbs and falls, contractor fees and material costs rise with inflation, and high...more
7/23/2024
/ Estate Planning ,
Estate-Tax Exemption ,
Family Businesses ,
Gift-Tax Exemption ,
Holding Companies ,
Life Insurance ,
Liquidity ,
Real Estate Companies ,
Real Estate Holding Companies ,
Real Estate Transfers ,
SLAT ,
Succession Planning ,
Tax Planning
All U.S. closely held businesses just received a warning from the highest court in the land that they should review their succession plans (or else risk a higher tax bill for the estates of their owners). On June 6, 2024, the...more
6/17/2024
/ Business Ownership ,
Business Succession ,
Buy-Sell Agreements ,
Closely Held Businesses ,
Connelly v United States ,
Estate Planning ,
Estate Tax ,
Fair Market Value ,
IRS ,
Life Insurance ,
Redemption Agreement ,
SCOTUS ,
Shareholders ,
Small Business ,
Survivorship
Before forming any entity, founders need to make two fundamental decisions: which entity type is best for their business operations and which tax classification is best for the owners. Although the entity type and tax...more
6/12/2024
/ Business Entities ,
Business Formation ,
Business Operations ,
Business Ownership ,
Business Taxes ,
Classification ,
Corporate Entities ,
Corporate Taxes ,
Filing Requirements ,
Incorporation ,
Regulatory Requirements
On May 16, 2024, the Department of the Treasury and the IRS announced the release of Notice 2024-41, which clarifies the safe harbor for classification of project components created in Notice 2023-38 and provides a new safe...more
5/22/2024
/ Buy America ,
Clean Energy ,
Energy Projects ,
Energy Tax Incentives ,
Inflation Reduction Act (IRA) ,
Investment ,
Investors ,
IRS ,
Lenders ,
New Guidance ,
Safe Harbors ,
Tax Credits ,
Technology ,
U.S. Treasury ,
Wind Power
With housing availability at record lows in many communities across the U.S., including gateway cities such as New York, and commercial office space still not fully recovered from the COVID-19 pandemic, the federal government...more
12/20/2023
/ Biden Administration ,
Community Development Block Grants ,
Construction Project ,
Federal Funding ,
Federal Loans ,
Grants ,
Housing Developers ,
Incentives ,
Investment ,
Investors ,
Loans ,
Real Estate Development ,
State and Local Government ,
Strategic Planning ,
TIFIA ,
Urban Planning & Development
The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more
8/17/2023
/ Capacity Allocation ,
Department of Energy (DOE) ,
Electricity ,
Energy Projects ,
Energy Sector ,
Environmental Justice ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Low Income Housing ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tribal Lands ,
U.S. Treasury ,
Wind Power
Actor Will Rogers is widely credited with stating that “the only difference between death and taxes is that death doesn’t get worse every time Congress meets.” While most taxpayers fear tax laws changing for the worse, estate...more
5/25/2023
/ Biden Administration ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Gift Tax ,
Green Book ,
Inheritance Tax ,
Internal Revenue Code (IRC) ,
Legislative Agendas ,
Proposed Amendments ,
State and Local Government ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Relief ,
Trusts
A primary focus when starting a business should answer this question: What structure provides the most protection? New founders can get bogged down in the minutia about whether to choose a corporation or a limited liability...more
5/3/2023
/ Asset Protection ,
Business Entities ,
Business Formation ,
Business Ownership ,
Charging Orders ,
Foreclosure ,
Legitimate Business Interest ,
Limited Liability Company (LLC) ,
Operating Agreements ,
Piercing the Corporate Veil ,
Principal Place of Business