A leading tax practitioner declared that the federal income tax system is in the worst shape he has seen in 50 years of practice.[1] His diagnosis points to failures across Congress, the courts, and the IRS. For business leaders invested in digital assets, his analysis may explain why the crypto tax regime remains in a...Read More

Many business owners prefer to organize their business as an S corporation because it serves as a good middle ground between commercial and tax objectives — limited liability and a single level of taxation. However, S Corporation status is extremely fragile when compared to other business entities. A single ineligible shareholder or an improperly drafted...Read More

Every business owner’s tax situation is different, but sometimes a single planning strategy solves more than one problem. One example is what tax professionals call a “freeze partnership.” In plain terms, it is a way to cap—or “freeze”—the current value of an asset for one owner while directing all future growth to someone else. By...Read More