Posted on June 26, 2019
by
Jack Winter
Financial crimes against the elderly more than quadrupled between 2013 and 2017, according to the Consumer Financial Protection Bureau (CFPB). While anyone can fall prey to these scams, the elderly are typically more at risk. They may be challenged with the Internet of things and using new technology safely, or they may be unfamiliar with […]
Posted on June 24, 2019
by
Lewis Taub
Despite the legalization of cannabis on a state-by-state basis, federal tax laws continue to limit the availability of certain tax benefits for businesses engaged in cannabis production and sales. Yet, with advance planning and analysis, cannabis companies and their investors have an opportunity to maximize their tax savings while maintaining compliance with federal laws. Federal […]
This article originally appeared in Daily Business Review. Many disputes have been decided based on digital data collected and recovered from computers and cellular phones. In today’s always-on, always-connected environment, there is very little business or personal information that cannot be traced back to an electronic device, an application or a cloud-storage platform. In this […]
Posted on June 19, 2019
by
Karen Lake
The Florida legislature recently passed a $91.1 billion budget for 2019 that provides some significant wins for individuals and business taxpayers located in the state while failing to address the remote and online sales tax collection issue created by the Supreme Court’s June 2018 decision in South Dakota v. Wayfair. Here are the details. Reduced […]
Posted on June 13, 2019
by
Sandi Perez
A recent circuit court decision in Palm Beach County, Fla., has the potential to change three decades of case law concerning the valuation of business goodwill and equitable distribution of business assets during divorce proceedings. The trial court in the matter of Stephanos v Stephanos accepted the wife’s expert opinion that none of the business’s residual value, […]
Posted on June 11, 2019
For many foreign persons, the U.S. tax system can be a complicated web of conflicting rules and exceptions, making compliance difficult, at best. One of the more complex challenges concerns the U.S.’s different treatment of foreign persons for income tax and estate and gift tax purposes. In general, the U.S. presumes foreign persons to be […]
On June 21, 2019, the U.S. Supreme Court issued a decision against the North Carolina Department of Revenue in its claim to tax the undistributed income of a New York trust that is “for the benefit of” a North Carolina resident. In the matter of North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 […]
The Florida Supreme Court issued a per curiam opinion on May 23, 2019, reversing its decision seven months earlier in Delisle v. Crane, (Case No. SC16-2182) concerning Florida Statute Section 90.702 and the admissibility of expert witness testimony in the state. The court made a complete about face, rejecting the less rigorous Frye standard established […]
