Tax Law News and Insights

HIGHLIGHTS: Family offices are increasingly involved in structuring and managing the ownership or use of private aircrafts for business and personal travel. The optimal structure will vary depending on a number of factors, including expected usage, mix of business versus personal or other uses, and the structure of the family...

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The Federal tax reform bill passed at the end of 2017 made voluminous changes to the Federal tax code, but one relatively small section has potentially drawn more attention than any other, attracting the likes of real estate developers, investors, investment advisors, municipal leaders, accountants, lawyers and many, many others....

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On February 25, 2019, the European Data Protection Board (the "EDPB") issued a statement regarding the transfer of personal data from Europe to the U.S. Internal Revenue Service (the "IRS") for purposes of the U.S. Foreign Account Tax Compliance Act ("FATCA"). Enacted in 2010, FATCA requires that foreign financial institutions report information...

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