Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Here you can find coverage for when we welcome new attorneys, significant wins we’ve secured on behalf of our clients, and general announcements.
Results for wealth preservation articles
Rentals Not Treated as Passive Investment Income for S Corporation Purposes
Author: Frank L. BrunettiDate: July 12, 2017
In PLR 201725022, a corporation received rental income from its leasing of offices for medical and related services. The taxpayer intended the rental income from its maintenance-related operations as non-passive investment income under section 1362(d)(3)(c)(i).
X was incorporated as a C corporation. X had accumulated earnings and profits. X intended to elect to be an S corporation. X was in the business of acquiring, developing, leasing and managing commercial real estate, concentrating in medical office suites and clinics.
3 Tax Deductions Small Business Owners Should be Aware of
The U.S. tax system can be pretty complicated, especially for small businesses. The U.S. tax system can be pretty complicated,...
The IRS List of "Bad Banks" is Up to 95: What You Need to Know About New OVDP Penalties
The IRS List of "Bad Banks" The IRS updated its list of "Bad Banks" last month, which is now up to...
Denial of Treaty Benefits and Limitation of Benefits
Denial of Treaty Benefits and Limitation of Benefits One of the hallmarks of international tax planning is the ability to...
Will Spendthrift Language In A Trust Always Be Respected?
Will Spendthrift Language In A Trust Always Be Respected? The unequivocal answer to the question is: it depends. The grantor’s...
New IRS Ruling Makes Roth IRAs More Profitable for Taxpayers
December 30, 2015
Are Roth IRAs more profitable for the taxpayer? Many taxpayers are wondering about the impact of the new IRS ruling...
The Probate Doctrine of Substantial Compliance: In the Matter of Anton
October 30, 2015
Substantial Compliance The state probate code was amended in 2004 to permit documents that were intended to have testamentary effect...
Tax Benefits: Home Mortgage Interest Deduction for Unmarried Couples
September 23, 2015
The Ninth U.S. Circuit Court of Appeals recently ruled that unmarried individuals who purchased a home together are eligible to...
Tax Court Issues Limits to Life Insurance Policy Control
September 11, 2015
Although all individuals holding a life insurance policy own an investment, they did not have the legal right to exert...
Clinton Proposes Capital Gains Tax Increase
August 13, 2015
Presidential contender, Hillary Clinton, announced a proposal for capital gains tax reform. In the plan, capital gains taxes will be...