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Holland & Knight LLP
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About
Managing Partner: Steven Sonberg
Number of partners: 1086
Number of lawyers: 2028
Languages: Albanian, Arabic, Bulgarian, Cantonese, Croatian, Danish, English, Farsi, French, German, Greek, Guarani, Gujarati, Haitian Creole, Hebrew, Hindi, Italian, Japanese, Korean, Macedonian, Mandarin, Norwegian, Portuguese, Russian, Serbian, Spanish, Swedish, Tagalog, Tamil, Urdu, Vietnamese
Main Areas of Practice:
Wealth Planning & Preservation:
Successful wealth planning and preservation demands investing the time to learn about each client's long-term goals, family situation, business holdings and insurance coverages to ensure we understand the big picture before recommending a course of action. Each wealth plan we devise is unique because each client's current circumstances and long-term goals are different.
Every comprehensive lifetime wealth transfer plan we develop involves an iterative process that includes continual attention and adaptation to ensure that it remains responsive to changes in your current situation and future goals. As wealth, family circumstances and laws change, so must the plan. Therefore, we work with clients over the course of their lifetime, in collaboration with their other professional advisors, to help them reach and maintain their goals and preserve their family heritage.
Contact: David Scott Sloan
Tel: +1 617 573 5803
Email: [email protected]
Contact: Christopher Boyett
Tel: +1 305 789 7790
Email: [email protected]
Family Offices:
We serve as private general counsel to families and family offices. As a family office law firm, we navigate Holland & Knight's vast resources for our family office clients. Our Family Office Group, which includes attorneys and other professionals from many practices across the firm, regularly provides guidance and advice regarding the best structure to suit the family's objectives, whether it be starting with a virtual family office, creating a single family office or even a private trust company.
Contact: David Thal
Tel: +1 203-905-4505
Email: [email protected]
Contact: Brent Berselli
Tel: +1 503-243-5870
Email: [email protected]
Estate Disputes and Fiduciary Litigation:
We serve as private general counsel to families and family offices. As a family office law firm, we navigate Holland & Knight's vast resources for you. Our Family Office Group, which includes attorneys and other professionals from many practices across the firm, regularly provides guidance and advice regarding the best structure to suit the family's objectives, whether it be starting with a virtual family office, creating a single family office or even a private trust company.
Contact: Vivian Thoreen
Tel: +1 213 896 2482
Email: [email protected]
Private Aircraft:
Holland & Knight assists clients in the acquisition and financing of business aircraft. We structure our clients' aviation operations to reduce liability exposure, comply with the myriad federal and state regulatory requirements and take full advantage of tax planning opportunities. Our team advises clients on a full range of aviation law issues, from flying political candidates and personal use of corporate aircraft to litigation related to their aircraft. With offices in the UK, Latin America and throughout the USA, our firm is well-positioned to assist with international transactions in these regions and around the globe. We have vast experience handling cross-border business aircraft transactions and regularly represent owners, air carriers and financial institutions in such transactions, both in the commercial and business aircraft segments. Members of our team are well-versed in the export, customs and airworthiness issues that arise in cross-border aircraft transactions and we frequently collaborate with the firm's international tax lawyers in an effort to minimize the associated tax liabilities.
Contact: Robert A Ricketts
Tel: +44 20 7071 9910
Email: [email protected]
Insurance:
We efficiently prepare loan structures and quality documentation for institutional clients and advise on trust formation, intergenerational planning, insurance policy and collateral matters.
In addition to numerous traditional premium financings in which an irrevocable life insurance trust serves as borrower (with credit support in the form of a guaranty from the grantor, as needed), we have also represented lenders in multiple split-dollar planning arrangements (both economic benefit and loan regime) in which the grantor of one or more life insurance trusts serves as borrower and loan proceeds are advanced from the grantor to such trusts. We also serve as counsel to lenders in refinancings of existing life insurance premium loan facilities.
Contact: Joshua Husbands
Tel: +1 503 243 5862
Email: [email protected]
Nonprofit and Tax-Exempt Organizations:
While nonprofit and tax-exempt organizations enjoy special tax advantages, the rules and regulations governing them are complex and ever changing. We help organizations successfully navigate through them. Recent developments that impact tax-exempt organizations include an increased IRS focus on governance and tax issues for exempt entities, the revised IRS Form 990 that considerably increases required disclosures, and the active interest of state attorneys general in the operations and activities of tax-exempt organizations. Our team provides clients with comprehensive legal representation, ranging from matters exclusive to tax-exempt organizations, such as excise taxes, intermediate sanctions and unrelated business taxable income, to those common to all business entities, including employment law, real estate leasing and intellectual property issues.
Contact: Jason Havens
Tel: +1 850 425-5655
Email: [email protected]
Ranked Offices
Provided by Holland & Knight LLP
- Miami701 Brickell Avenue Suite 3300 , Miami, Florida, USA, FL 33131
- Web: www.hklaw.com
- View ranked office
- Mexico CityPaseo de la Reforma No. 342 Piso 28, Col. Juárez, Del. Cuauhtémoc, Mexico City, Ciudad de México, Mexico, 06600View ranked office
- LondonLeaf 27C, Tower 42, 25 Old Broad Street, London, Greater London, UK, EC2N 1HQView ranked office
- Los Angeles400 South Hope Street, 8th Floor, Los Angeles, California, USA, CA 90071View ranked officeNashvilleNashville City Center 511 Union Street Suite 2700 , Nashville, Tennessee, USA, TN 37219View ranked officeStamfordOne Stamford Plaza, 263 Tresser Boulevard, Suite 1400, Stamford, Connecticut, USA, CT 06901-3271View ranked officeWashington, DC800 17th Street, NW, Suite 1100, Washington, DC, District of Columbia, USA, 20006View ranked office
Contributions
Latest contributions provided by Holland & Knight LLP
![Juan Camilo Riveira](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://chambersandpartners.azureedge.net/practiceguides/Pictures/428/62216.jpg)
![Daniela Morales Numa](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://chambersandpartners.azureedge.net/practiceguides/Pictures/428/62218.jpg)
![José Alejandro Vivas](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://chambersandpartners.azureedge.net/practiceguides/Pictures/428/62217.jpg)
![Gustavo Pardo Ardila](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://chambersandpartners.azureedge.net/practiceguides/Pictures/428/62215.jpg)
![Juan Carlos Valencia](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://chambersandpartners.azureedge.net/practiceguides/Pictures/428/62222.jpg)
![Rafael Lafont](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://chambersandpartners.azureedge.net/practiceguides/Pictures/428/62223.jpg)
![José Zapata](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://chambersandpartners.azureedge.net/practiceguides/Pictures/390/56532.jpg)
All contributions provided by Holland & Knight LLP
Holland & Knight LLP rankings
![Private Wealth Disputes](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/organisations/390462/28d5a4bc-6a1e-4fee-a704-e52603869abe/profile.png)
![Vivian L. Thoreen](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3180738/3593f148-d174-4564-b4ac-61b1f4bc1340/profile.png)
![Stacie Polashuk Nelson](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3180760/eabd45f9-9fa7-4788-92de-bf0c5078cf42/profile.png)
![David Thal](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3084692/eda4a790-b5c5-4f4a-a32e-6cd2be6e1a8a/profile.png)
![Private Wealth Law](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/organisations/390462/28d5a4bc-6a1e-4fee-a704-e52603869abe/profile.png)
![Christopher W Boyett](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3179309/87df3ab3-3d3d-466b-b550-9b30f60df6df/profile.png)
![Edward Koren](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3178686/c20cd627-1f2c-425c-b9bc-b4b8da4198d9/profile.png)
![Kevin Packman](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3179184/4c82dd4e-6fce-4b1a-84b7-df35391d9403/profile.png)
![Stewart L Kasner](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3178792/430f719c-0ab9-4f6d-98fb-ab347b8a801e/profile.png)
![Private Aircraft](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/organisations/390462/28d5a4bc-6a1e-4fee-a704-e52603869abe/profile.png)
![Juan Carlos Ferrer](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3205705/679816ad-007f-416d-8461-905d429032c4/profile.png)
![John Hoover](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3205890/c3bf46c7-54cd-42b7-b9a5-86bfa028a3ff/profile.png)
![Robert Ricketts](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3205543/b54727ea-eab9-4b48-8c41-3ebe4bd05487/profile.png)
![Giles Cornwall](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3205455/a718ab8f-fca4-43a5-8abe-5d884d56edd7/profile.png)
![Mark E. Swirbalus](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3177808/6ee76aec-74b8-4e95-af60-51f5a01c4344/profile.png)
![Marshall D. Senterfitt](https://assets-cdn.chambers.com/cdn-cgi/image/format=auto,fit=scale-down/https://media.chambers.com/individuals/3177840/5c6364fc-72f5-416a-b750-cd853305df51/profile.png)
Articles, highlights and press releases
313 items provided by Holland & Knight LLP
IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting
The IRS recently announced a new enforcement campaign that targets and investigates sports industry partnerships reporting significant tax losses.
Holland & Knight Strengthens Private Wealth Services Group with Three-Lawyer Team in Boston
Holland & Knight has strengthened its Private Wealth Services Group with a team of three attorneys in Boston.
Holland & Knight Bolsters Nonprofit and Tax-Exempt Organizations Team
Holland & Knight has strengthened its Nonprofit and Tax-Exempt Organizations Team with the addition of a five-person group of attorneys and nonprofit professionals.
Holland & Knight Grows International Private Wealth Practice with Addition of David Hryck
David Hryck, an internationally renowned tax, business and private wealth attorney in New York, has joined Holland & Knight as a partner.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Private Wealth Services Partner Bryan Howard Joins Holland & Knight in Nashville
Holland & Knight has strengthened its Private Wealth Services Group with the addition of Bryan Howard as a partner in Nashville.
Tennessee Removes Alternative Measure for Franchise Tax, Creates Automatic Refund Period
Gov. Bill Lee recently signed into law Public Chapter 950, which creates significant changes in how Tennessee's franchise tax is calculated.
Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024
The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use real property ... is reduced from 4.5 percent to 2.0 percent"
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements
In 2025, the IRS will begin increasing its oversight of cryptocurrency transactions by requiring brokers to report investor sales and exchanges tied to such transactions.
CTA Heats Up with New FAQs, Government and Amicus Briefs and New Draft Legislation
The Corporate Transparency Act (CTA) has generated frenetic activity in the Executive, Judicial and Legislative areas recently.
IRS Announces New Campaign to Audit Personal Use of Business Jets
The IRS announced a new campaign to audit high-net-worth taxpayers claiming business deductions for the use of private jets.
FinCEN Proposal for Nonfinanced Purchases of Residential Real Estate and Gratuitous Transfers
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on Feb. 7, 2024, issued a Notice of Proposed Rulemaking (NPRM).
The Corporate Transparency Act: FinCEN Clarifies the Subsidiary Rule Exemption
In response to a frequently asked question issued on Jan. 12, 2024, the Financial Crimes Enforcement Network (FinCEN) provided a much-needed clarification of the exemption titled "Subsidiary of Certain Exempt Entities" (Subsidiary Exemption).
FinCEN Issues Final Rule Implementing Access and Safeguard Provisions of the CTA
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule on Dec. 21, 2023 (Access Rule), implementing the access and safeguard provisions of the Corporate Transparency Act (CTA), which came into effect Jan. 1, 2024.
Changes to Massachusetts Estate and Income Taxes
Significant changes to the Massachusetts estate tax, capital gains tax and Massachusetts Millionaires Tax were signed into law by Gov. Maura Healey on Oct. 4, 2023.
IRS Announces Sweeping Enforcement Effort Targeting Partnerships
The IRS announced a "sweeping" and "historic" enforcement effort focused on partnerships and is establishing a special group within its Large Business and International (LB&I) Division to focus exclusively on large and complex pass-through entities.
ERC Claim Scrutiny Increases as IRS Provides Opportunities to Limit Exposure for Invalid Claims
Citing rising concern over a "flood" of improper Employee Retention Credit (ERC) claims filed by businesses, many with the assistance of ERC claim promoters, the IRS announced on Sept. 14, 2023, that it is pausing the processing of new ERC claims until at least Jan. 1, 2024.
Tennessee Legislature Approves Enhancements to Uniform Trust Code
The Tennessee legislature continues to take action to maintain Tennessee's status as one of the foremost states in which to situs trusts. Recent statutory developments resulted from the practical experiences of trustees, grantors and beneficiaries in the administration of trusts.
IRS Partnership Audits: 5 Must-Dos in 30 Days
With the IRS laser-focused on enforcement, many partnerships will find themselves subject to their first IRS audits under the new procedurally complex partnership audit rules.
DOF Ruling Confirms Property Tax Exemption for Homeless Shelter in a Leasehold Condominium
The New York City Department of Finance (DOF), in responding to a ruling request from Holland & Knight, ruled that a homeless shelter owned and operated by a not-for-profit (NFP) entity is eligible for the Real Property Tax Law tax exemption utilizing a leasehold condominium structure.
Don't Forget IP Rights When Planning an Estate
As highlighted by a recent Trademark Trial & Appeal Board (TTAB) decision, Clementvision, Inc. v. Robert Clement, expressly including intellectual property (IP) rights in an estate plan can prevent complicated issues from arising.
FinCEN Releases Proposed Regulations for Accessing, Safeguarding Beneficial Owner Information
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued proposed regulations (Proposed Regulations) on Dec. 15, 2022, governing the disclosure, access and safeguarding of beneficial ownership information (BOI) required to be submitted....
Money Is Fungible. NFTs Are Not.
"NFTs" are non-fungible tokens that represent an underlying but disassociated asset to which the NFT owner may or may not have rights. They are programmed on smart blockchains, purchased in NFT marketplaces and held in crypto-wallets.
Florida Department of Revenue, FinCEN Issue Filing Extensions After Natural Disasters
In response to the major disaster declarations issued by the U.S. federal government and the Internal Revenue Service (IRS) issuing related disaster relief by extending tax deadlines for victims of Hurricane Ian, other government agencies have also announced similar relief in order to assist victims
U.S. Senate Approves Highly Anticipated U.S.-Chile Income Tax Treaty
The U.S. Senate, in a vote of 95-2 on June 22, 2023, approved a Resolution of Advice and Consent to ratify the Convention Between the Government of the United States of America and the Government of the Republic of Chile for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion.
Tax Reform and the Potential Impact on Tax-Exempt Organizations
As preparations for tax reform continue in Washington, D.C., it appears increasingly likely that tax reform will have a significant effect on tax-exempt organizations, particularly those exempt under Section 501(c)(3).
FinCEN Expands GTOs and Closes Wire Transfer Loophole
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) continues to expand its Geographic Targeting Orders (GTOs) with respect to beneficial ownership transparency in real estate transactions.
Takeaways from the Tax Court's First Micro-Captive Insurance Ruling
The U.S. Tax Court recently ruled in Avrahami v. Commissioner, the first litigated Tax Court case involving an 831(b) captive insurance company.
IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting
The IRS recently announced a new enforcement campaign that targets and investigates sports industry partnerships reporting significant tax losses.
Holland & Knight Strengthens Private Wealth Services Group with Three-Lawyer Team in Boston
Holland & Knight has strengthened its Private Wealth Services Group with a team of three attorneys in Boston.
Holland & Knight Bolsters Nonprofit and Tax-Exempt Organizations Team
Holland & Knight has strengthened its Nonprofit and Tax-Exempt Organizations Team with the addition of a five-person group of attorneys and nonprofit professionals.
Holland & Knight Grows International Private Wealth Practice with Addition of David Hryck
David Hryck, an internationally renowned tax, business and private wealth attorney in New York, has joined Holland & Knight as a partner.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Twenty-Five Holland & Knight Attorneys Named Top Private Wealth Advisers by Chambers High Net Worth
Twenty-five Holland & Knight attorneys have been named leading advisers to wealthy individuals and families in the Chambers High Net Worth 2023 guide.
Private Wealth Services Partner Bryan Howard Joins Holland & Knight in Nashville
Holland & Knight has strengthened its Private Wealth Services Group with the addition of Bryan Howard as a partner in Nashville.
Tennessee Removes Alternative Measure for Franchise Tax, Creates Automatic Refund Period
Gov. Bill Lee recently signed into law Public Chapter 950, which creates significant changes in how Tennessee's franchise tax is calculated.
Florida's State Sales Tax on Real Property Commercial Leases to Decrease Effective June 1, 2024
The Florida Department of Revenue released Tax Information Publication (TIP) 24A01-02 on April 8, 2024, indicating that the state sales tax rate on the "total rent charged for renting, leasing, or granting a license to use real property ... is reduced from 4.5 percent to 2.0 percent"
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements
In 2025, the IRS will begin increasing its oversight of cryptocurrency transactions by requiring brokers to report investor sales and exchanges tied to such transactions.
CTA Heats Up with New FAQs, Government and Amicus Briefs and New Draft Legislation
The Corporate Transparency Act (CTA) has generated frenetic activity in the Executive, Judicial and Legislative areas recently.
IRS Announces New Campaign to Audit Personal Use of Business Jets
The IRS announced a new campaign to audit high-net-worth taxpayers claiming business deductions for the use of private jets.
FinCEN Proposal for Nonfinanced Purchases of Residential Real Estate and Gratuitous Transfers
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on Feb. 7, 2024, issued a Notice of Proposed Rulemaking (NPRM).
The Corporate Transparency Act: FinCEN Clarifies the Subsidiary Rule Exemption
In response to a frequently asked question issued on Jan. 12, 2024, the Financial Crimes Enforcement Network (FinCEN) provided a much-needed clarification of the exemption titled "Subsidiary of Certain Exempt Entities" (Subsidiary Exemption).
FinCEN Issues Final Rule Implementing Access and Safeguard Provisions of the CTA
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule on Dec. 21, 2023 (Access Rule), implementing the access and safeguard provisions of the Corporate Transparency Act (CTA), which came into effect Jan. 1, 2024.
Changes to Massachusetts Estate and Income Taxes
Significant changes to the Massachusetts estate tax, capital gains tax and Massachusetts Millionaires Tax were signed into law by Gov. Maura Healey on Oct. 4, 2023.
IRS Announces Sweeping Enforcement Effort Targeting Partnerships
The IRS announced a "sweeping" and "historic" enforcement effort focused on partnerships and is establishing a special group within its Large Business and International (LB&I) Division to focus exclusively on large and complex pass-through entities.
ERC Claim Scrutiny Increases as IRS Provides Opportunities to Limit Exposure for Invalid Claims
Citing rising concern over a "flood" of improper Employee Retention Credit (ERC) claims filed by businesses, many with the assistance of ERC claim promoters, the IRS announced on Sept. 14, 2023, that it is pausing the processing of new ERC claims until at least Jan. 1, 2024.
Tennessee Legislature Approves Enhancements to Uniform Trust Code
The Tennessee legislature continues to take action to maintain Tennessee's status as one of the foremost states in which to situs trusts. Recent statutory developments resulted from the practical experiences of trustees, grantors and beneficiaries in the administration of trusts.
IRS Partnership Audits: 5 Must-Dos in 30 Days
With the IRS laser-focused on enforcement, many partnerships will find themselves subject to their first IRS audits under the new procedurally complex partnership audit rules.
DOF Ruling Confirms Property Tax Exemption for Homeless Shelter in a Leasehold Condominium
The New York City Department of Finance (DOF), in responding to a ruling request from Holland & Knight, ruled that a homeless shelter owned and operated by a not-for-profit (NFP) entity is eligible for the Real Property Tax Law tax exemption utilizing a leasehold condominium structure.
Don't Forget IP Rights When Planning an Estate
As highlighted by a recent Trademark Trial & Appeal Board (TTAB) decision, Clementvision, Inc. v. Robert Clement, expressly including intellectual property (IP) rights in an estate plan can prevent complicated issues from arising.
FinCEN Releases Proposed Regulations for Accessing, Safeguarding Beneficial Owner Information
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued proposed regulations (Proposed Regulations) on Dec. 15, 2022, governing the disclosure, access and safeguarding of beneficial ownership information (BOI) required to be submitted....
Money Is Fungible. NFTs Are Not.
"NFTs" are non-fungible tokens that represent an underlying but disassociated asset to which the NFT owner may or may not have rights. They are programmed on smart blockchains, purchased in NFT marketplaces and held in crypto-wallets.
Florida Department of Revenue, FinCEN Issue Filing Extensions After Natural Disasters
In response to the major disaster declarations issued by the U.S. federal government and the Internal Revenue Service (IRS) issuing related disaster relief by extending tax deadlines for victims of Hurricane Ian, other government agencies have also announced similar relief in order to assist victims
U.S. Senate Approves Highly Anticipated U.S.-Chile Income Tax Treaty
The U.S. Senate, in a vote of 95-2 on June 22, 2023, approved a Resolution of Advice and Consent to ratify the Convention Between the Government of the United States of America and the Government of the Republic of Chile for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion.
Tax Reform and the Potential Impact on Tax-Exempt Organizations
As preparations for tax reform continue in Washington, D.C., it appears increasingly likely that tax reform will have a significant effect on tax-exempt organizations, particularly those exempt under Section 501(c)(3).
FinCEN Expands GTOs and Closes Wire Transfer Loophole
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) continues to expand its Geographic Targeting Orders (GTOs) with respect to beneficial ownership transparency in real estate transactions.
Takeaways from the Tax Court's First Micro-Captive Insurance Ruling
The U.S. Tax Court recently ruled in Avrahami v. Commissioner, the first litigated Tax Court case involving an 831(b) captive insurance company.