Paul Gevertzman’s Post

With a looming, dramatic decrease in the estate tax exemption on the horizon, the time is now for wealthy individuals to consider their estate plans. Putting off planning until the very last minute, could end with rushed decisions, regret, or difficulty finding time with an estate attorney. #tax #estate #familywealth

A new report concludes that state taxes play a minimal role in decisions involving interstate moves. Specifically, for 68% of movers the decision was linked to a job or family issue. But what impact do state taxes/incentives have on business decisions? https://lnkd.in/gMr-9ZER

Senior Financial Adviser Jacob LoCascio CFP® was featured in the latest Financial Standard e-newspaper, shedding light on effective strategies to combat tax bracket creep! 💼 📈 As Jacob aptly stated, collaboration with your financial adviser and tax consultant is key to navigating Australia's tax environment. Reach out to Jacob today to optimise your tax strategy and secure your financial future! Discover how tax-effective investment bonds can help minimise your tax impact. #TaxPlanning #FinancialAdvisery #InvestmentBonds

Read this @Bloomberg Tax article I wrote to learn more about transfers of #CleanEnergy tax credits under Sec. 6418. In it, I discuss the special rules partnerships and S corporations must follow under the final regulations and why partnerships can be an effective tool in tax planning for #CleanEnergy projects. Key takeaways include: - Direct tax credits flow to partners, avoiding the C corporation tax level hold. - Flexibility in special allocations of tax depreciation and credits. - Single taxation layer for partners, with the ability to treat cash from credit sales as tax-exempt income. The regulations also offer a sigh of relief for partnerships with tax-exempt partners, allowing them to elect to transfer credits without being considered "tainted" for tax credit transfer purposes. While the rules maintain a no-taxable-income stance for sellers and no deductions for buyers of these credits, they do introduce complexities. Partnerships must now gather more information to comply with IRC Section 49 at-risk rules and disclose limitations on tax returns, potentially complicating and delaying credit transfers. Despite the challenges, such as the non-exception from passive income rules, partnerships remain a powerful vehicle for investing in energy projects and managing tax credits. Their flexibility and tax advantages continue to make them a strategic choice for those involved in clean energy initiatives. https://bit.ly/4aaqEx2

To ensure customers are maximizing their ROI, Bloomberg Tax surveyed almost 300 tax professionals who regularly use Bloomberg Tax Research as part of their workflow. 80% of corporate customers said Bloomberg Tax resources and tools allow them to do work in-house that they would otherwise have to send to outside counsel or consultants. Check out more of the findings to discover how Bloomberg Tax can add strategic value: https://lnkd.in/gkyRNMrv

Chart from Real Investment Advice showing state and local income tax receipts declining. Declines of this level occurred during the Tech Bust of early 2000s and the Great Financial Crisis. #statetax #localtax #recessions

Are you prepared for Pillar Two? Get up to speed with Bloomberg Tax's new Pillar Two GloBE Decision Tree, your guide through its requirements and application on a step-by-step basis. https://lnkd.in/exs44tnv

Are you prepared for Pillar Two? Get up to speed with Bloomberg Tax's new Pillar Two GloBE Decision Tree, your guide through its requirements and application on a step-by-step basis. https://lnkd.in/eU2ThywB

Are you prepared for Pillar Two? Get up to speed with Bloomberg Tax's new Pillar Two GloBE Decision Tree, your guide through its requirements and application on a step-by-step basis. https://lnkd.in/emF62kQ3