The Great Recession: 10 Years Later

The Great Recession: 10 Years Later

This fall marks the 10-year anniversary of the meltdown of the financial markets that turned a regular periodic recession into what became known as the “Great Recession of 2008.” Consulting contributor to MBAF and former regional executive of The Federal Reserve Bank, Juan Del Busto, offers his insights on the “Great Recession,” which ran from December 2007 until June 2009. Juan discusses how the recovery has been slow and has varied across the economic sectors. His intuitive report examines these sectors to assess where we were, what has transpired since, and where we are today.

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What You Need to Know About the New Section 83i Tax Deferrals on Stock Options

What You Need to Know About the New Section 83i Tax Deferrals on Stock Options

The IRS has recently released a guidance, IRS Notice 2018-97, which explains how to apply the new section 83(i) regulations on the tax deferral of qualified equity grants. Click here to learn more.

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Identity Theft and Your Tax Returns: How to Protect Yourself

Identity Theft and Your Tax Returns: How to Protect Yourself

Tax returns are a prime target for identity thieves. After all, the IRS processes more than billions of dollars in tax refunds every year, and criminals follow the money. This article examines techniques to use to protect against identity theft.

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2018-2019 Tax Planning Guide

2018-2019 Tax Planning Guide

With 2018 being the first year that the many changes created by the Tax Cuts and Jobs Act are applicable, this may well be the most important tax planning guide in decades. This guide provides an overview of the most significant changes under The Act that will likely impact your tax planning strategies.

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How Incomplete NonGrantor Trusts Can Help Avoid State Income Taxes

How Incomplete NonGrantor Trusts Can Help Avoid State Income Taxes

High-income taxpayers in high-income-tax states may want to consider adding incomplete nongrantor trusts to their estate plans. You relinquish certain controls over the trust so you aren’t the owner for income tax purposes. Instead, the trust is responsible for any taxes on trust income. If you set up the trust in a no-income-tax state, it won’t be subject to state income taxes. By structuring it to be “incomplete,” you also avoid triggering gift taxes when funding the trust. But also consider federal income and estate tax consequences. Contact us for details.

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Intellectual Property Requires Careful Estate Planning

Intellectual Property Requires Careful Estate Planning

If your estate includes forms of intellectual property (IP), such as patents and copyrights, it’s important to know what these intangible assets are worth and how they should be transferred to heirs. For the former, obtain an appraisal from a professional with experience valuing IP. For the latter, take into consideration not only the gift and estate tax consequences, but also your income needs and who’s in the best position to monitor your IP rights and take advantage of their benefits. We can help you decide how to best address IP in your estate plan.

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