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Tax Law for the Closely Held Business

Legal Updates & Commentary for Tax & Estate Planning

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The Federal Estate Tax in 2021: What Might We Expect? What Can We Do?

By Farrell Fritz P.C. on January 4, 2021
Posted in Federal

Happy New Year?

Ask anyone outside the United States what comes to mind when they think about an American New Year’s celebration, and the odds are pretty good they will mention the ball drop in New York City’s Times Square.

That’s all well and good, but let me ask you, does the Empire State have…

Post-2017: Is It Time To Kick Your Corporation’s “S”?

By Farrell Fritz P.C. on April 22, 2019
Posted in Federal Tax Issues

Choice of Entity

Following the enactment of the Tax Cuts and Jobs Act,[i] tax advisers were inundated with inquiries from the individual owners of closely held businesses regarding a broad spectrum of topics.[ii] Perhaps the most often repeated question concerned the form of legal entity through which such a business should be operated.…

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