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The Corporate Transparency Act (CTA), enacted by Congress as part of the Anti-Money Laundering Act of 2020, for the first time under federal law, requires the establishment of a...
Webinar This trifecta of topics, drawn from Steve Gorin's 1st quarter 2021 newsletter, discusses gifts of services and business opportunities in light of developments in capital markets, describes a 2021 case of a taxpayer who recast a transaction to enhance its tax benefits and selected tax issues when a business is formed, and evaluates the use of LLCs and limited partnership as S corporations, including when that use overlooks potential estate planning traps. Gift tax applies to transfers of property not services. Yet services can generate valuable property rights. When do performing ser...