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Tax Planning

DarrowEverett LLP

What New York City’s Pied-à-Terre Tax Proposal Could Mean for LLC-Owned Luxury Homes

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New York’s proposed pied-à-terre tax is aimed at ultra-wealthy, high-value, second homes, but its practical impact may depend less on the property itself, and more on how the property is owned....more

Seyfarth Shaw LLP

China-US Alliance: Private Wealth Forum 2026 in Shanghai – Strengthening Cross-Border Insights

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Cross-border wealth and estate planning have become increasingly important among high-net-worth families in the APAC region, particularly those with ties to Mainland China, Hong Kong, and the United States, as well as ties to...more

Falcon Rappaport & Berkman LLP

Executive Order Accelerates Reclassification for Medical Marijuana, Keeps Reclassification Timeline Started Under Biden...

On April 23, 2026, the Department of Justice (DOJ) and the Drug Enforcement Administration (DEA) issued an executive order (the Order) to move (i) products approved by the Food and Drug Administration (FDA) containing...more

A&O Shearman

Pensions and inheritance tax—preparing for 2027 - Changes ahead for pension scheme death benefits

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From April 6, 2027, the way that pension scheme death benefits are treated for inheritance tax (IHT) purposes will change significantly. Unused pension funds and death benefit lump sums will largely be brought within the...more

Amundsen Davis LLC

Section 529 Accounts: Expanded Education Uses and New Tax‑Free Planning Opportunities

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It’s not just a crying baby keeping many new parents up at night—rising education costs have made planning for a child’s future a top concern. Section 529 accounts have long served as a powerful tax‑advantaged tool to help...more

Rivkin Radler LLP

Tax Considerations for Individuals Targeted by New York’s Assault on Real Property Ownership

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Last month, New York’s governor announced that the State’s FY 2027 budget will include the enactment of an annual surcharge on second homes in New York City that are valued at $5 million or more. Query how much greater the...more

Cozen O'Connor

When the Music Stops: How a Missed Day Count Cost DJ Tiesto EUR 17 Million in U.S. Tax Exposure

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On May 12, 2026, the Amsterdam Court of Appeal issued a landmark ruling: U.S. law firm’s Dutch branch must pay Dutch DJ and electronic music icon Tijs Tiesto nearly 17 million euros in damages, plus 35,000 euros in legal...more

BCLP

Section 280G Tax Considerations in M&A

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If you’re considering selling your company or its assets, there’s a tax issue you need to know about: Section 280G of the Internal Revenue Code. Section 280G can have a significant impact on both the economics of a...more

Hone Maxwell

Asia-Pacific Journal of Taxation Publishes Hone Maxwell Analysis on U.S. Estate Tax for Foreign Persons

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Non-U.S. individuals who own U.S. assets, including real estate, stocks, or business interests, may face significant U.S. estate tax exposure, often without realizing it. As cross-border investment between the United States...more

Carlton Fields

Attracting and Retaining Employees With College Degrees or Higher

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Employers competing for talent with college degrees are increasingly encountering the financial impact of student loan debt among their workforce. This debt affects not only employee financial wellness but also retention,...more

Bricker Graydon Wyatt LLP

What Employers Should Know About the New FAQs on Educational Assistance Plans

The IRS recently released updated FAQs addressing educational assistance programs under Internal Revenue Code Section 127. While much of the guidance reflects existing rules, the updates incorporate recent legislative changes...more

Foster Swift Collins & Smith

Is an ESOP a Good Succession Plan? Key Rules and Benefits for Business Owners

The short answer is YES! Here’s the plain‑English, straightforward version of how an ESOP works as a succession strategy: 1. The company sets up an ESOP trust. 2. That trust then buys some or all the owner’s stock....more

Proskauer Rose LLP

Hybrid Horizons - May 2026

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Our Hybrid Horizons series is focused on analyzing the evolving hybrid capital market, including its structures, trends, and practical applications within private capital. It provides insights into how hybrid instruments are...more

Proskauer - Tax Talks

Back in Business? The IRS Revives “Significant Issue” Rulings for Corporate Transactions

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On May 5, 2026, the Internal Revenue Service (“IRS”) released Revenue Procedure 2026-21 (the “Rev. Proc.”), which reinstates a program under which taxpayers may request private letter rulings (“PLRs”) on “significant issues”...more

Pillsbury - Gravel2Gavel Construction & Real...

Introducing the Updated 2026 Pillsbury Guide to Data Centers

Since the initial publication of the Pillsbury Guide to Data Centers in 2025, the market has continued to evolve—most notably with respect to power availability, energy strategy, tax and incentives planning, and investment...more

Hogan Lovells

Carried interest schemes for asset managers - May 2026

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The continued rise of private capital has reshaped global investment markets. Capital flows have diversified across asset classes—from real estate and infrastructure to private credit and private equity—driving increasingly...more

Polsinelli

90 Days, 10%: IRS Opens New Easement Settlement Window

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Key Takeaways: The IRS has opened a limited settlement window for eligible conservation and historic preservation easement disputes, with a reduced 10% gross valuation misstatement penalty available during the first 90...more

Verrill

Section 530A Accounts: What Employers Should Consider Before Offering Contributions to “Trump” Accounts

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Section 530A accounts, commonly referred to as Trump accounts, have attracted attention since the enactment of the One Big Beautiful Bill Act in July 2025. While individuals have been able to set up these accounts for their...more

FBT Gibbons LLP

Tax Strategies for QSBS: Stacking and Staggering Section 1202 Exclusions

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Much has been written about IRC Section 1202. Section 1202 affords non-C corporation taxpayers who sell a corporation’s qualified small business stock (“QSBS” or “1202 Stock”) issued after July 4, 2025 (and who satisfied the...more

Kohrman Jackson & Krantz LLP

Trump Accounts and the Stock Donation Debate: What the Law Actually Says — and What Is Still Unsettled

The Trump administration is weighing whether to allow contributions of appreciated stock directly into §530A “Trump Accounts” — children’s savings accounts created by the One Big Beautiful Bill Act of 2025 (OBBBA), Pub. L....more

IR Global

Valuation at the Top: Strategic Insights for Ultra-High-Net-Worth Individuals and Estates

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Ultra-high-net-worth individuals and families face a valuation environment that is far more complex than simply determining the worth of an asset. In the context of trust, gift, and estate tax planning, valuation becomes a...more

Warner Norcross + Judd

New IRS FAQs Impact Employer Educational Assistance Programs

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The IRS recently revised its FAQs (IRS FS-2026-10) addressing educational assistance programs under Internal Revenue Code Section 127. This updated guidance replaces the FAQs issued in June 2024 (IRS FS-2024-22) and reflects...more

Eversheds Sutherland (US) LLP

Significant Revenue Procedure offers flexibility in corporate letter rulings

The IRS has taken oscillating positions on issuing corporate letter rulings on isolated issues in the context of a larger, integrated transaction. Since 2024, taxpayers have been required to request a letter ruling regarding...more

Rivkin Radler LLP

Observations on the Wealthy’s Change in Attitude Toward Taxes

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Perception of Taxes- Since I started practicing almost forty years ago, there have always been a relatively few well-to-do individuals for whom the payment of any taxes – whether personal or business – under any...more

Kilpatrick

5 Key Takeaways | Pass-Through Entity Tax: Drafting Agreements to Take Advantage of State PTET Regimes and Federal Deduction...

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Kilpatrick’s Kylan Memminger recently participated on a panel discussion at the ABA Tax Section May Tax Meeting where they discussed the topic of “Pass-Through Entity Tax: Drafting Agreements to Take Advantage of State PTET...more

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