McDermott’s Private Client Practice led interactive discussions on a broad range of topics pertinent to ultra-high-net-worth families, their family office representatives and other advisors at our Private Client West Coast...more
12/4/2023
/ Charitable Donations ,
Corporate Transparency Act ,
Cryptocurrency ,
Employees ,
Employer Liability Issues ,
Estate Planning ,
Estate Tax ,
Family Offices ,
FinCEN ,
Gifts ,
Green Book ,
High Net-Worth ,
Internal Revenue Code (IRC) ,
IRS ,
Mergers ,
Reporting Requirements ,
Tax Deductions ,
Trusts ,
U.S. Treasury ,
Wealth Management ,
Wills
On April 3, 2023, the US Tax Court issued its opinion in Farhy v. Commissioner, holding that the Internal Revenue Service (IRS) lacked the statutory authority to both assess tax penalties under Internal Revenue Code (Code)...more
On April 3, 2023, the US Tax Court issued its opinion in Farhy v. Commissioner, ruling that the Internal Revenue Service (IRS) could neither assess tax penalties under Internal Revenue Code (Code) Section 6038(b) against Alon...more