Taxation and Trust & Estate Litigation

Pre-immigration and Non-U.S. Resident Planning

Foreign individuals who intend to permanently reside in the U.S., or do not intend to reside in the U.S. but intend to own U.S. property, need considerable legal and tax planning. The definition of “U.S. property” for international tax purposes is a term of art and complex. This planning should be done in advance to […]

Taxation and Trusts & Estates

Important news for family-held businesses: IRS proposes imminent changes in family valuation discounts

On August 2, 2016, the Treasury Department issued Proposed Regulations to Section 2704 of the Internal Revenue Code. These proposed regulations are directed at family controlled entities (many of which hold operating businesses and/or real estate), including corporations, partnerships and limited liability companies. These regulations, if finalized, will substantially limit or eliminate the ability to […]

Intellectual Property

Bloomberg BNA’s Patent, Trademark and Copyright Journal: Tax Incentives for Intellectual Property

Rod S. Berman and Scott J. Loresch’s article, “Tax Incentives for Intellectual Property,” was published by the Bloomberg BNA Patent, Trademark and Copyright Journal on July 29, 2016. An excerpt follows: In the increasingly global world economy, the United States and other countries face an increasing challenge in attempting to remain attractive jurisdictions for the […]

Cybersecurity and Privacy Group

They Will Click: Cybersecurity and the Human Factor

Cybercrime cost the world economy about $445 billion in 2014 and the 2015 numbers will be even higher. The cost of data breaches will reach $2.1 trillion globally by 2019. Worldwide spending on information security is estimated to reach $77 billion in 2015. In the midst of these astounding numbers, the role of the “human […]