Insights

In April we wrote about the pending Tax Extenders legislation, the passage of which is necessary to revive temporary tax relief provisions for the 2014 tax year and for future tax years. The bill prominently features tax breaks that support capital expenditures and business merger and acquisition activity, as well as…

Posted below is a link to our updated guide to Florida residency. The guide is a starting point for persons considering becoming Florida residents, whether for tax planning, asset protection, or other reasons. (I hear the weather isn’t bad.) If Florida residency is motivated by tax planning or other legal…

The Internal Revenue Code prescribes minimum imputed interest rates and time-value-of–money factors applicable to certain loan transactions and estate planning techniques. These rates are tied formulaically to market interest rates. The Internal Revenue Service updates these rates monthly. These are commonly applicable rates in effect for November 2014: Short Term AFR…

We have previously written about Florida’s new Limited Liability Company (LLC) Act. Section 605.0205 of the Act creates new personal liability exposure for LLC members and managers. What is the exposure? How do you manage it? Section 605.0205 applies when an LLC filing with the Florida Department of State is incorrect…