Tax Law News and Insights

Massachusetts has passed a sweeping $1 billion tax relief package intended to boost the Commonwealth's affordability and competitiveness. Among other changes, the tax bill doubles the Massachusetts estate tax exemption to $2 million, closes a purported loophole in the implementation of the so-called Millionaire's Tax, and lowers the Massachusetts short-term...

Read More

Last month, the First Circuit Court of Appeals affirmed the Tax Court's decision in TBL Licensing LLC v. Commissioner holding that a reorganization resulting in the outbound transfer of intangible property (IP) led to immediate recognition of the gain in the transferred IP under section 367(d). See No. 22-1783 (1st Cir. Sept. 8, 2023), aff'g 158 T.C. No. 1 (2022)....

Read More

In recent years, we have seen high net worth and ultra-high-net-worth families become, increasingly, "global citizens." As families and their assets touch multiple jurisdictions, a myriad of issues become especially important when living, working, and employing staff around the world. Among the issues that families and their team of professionals...

Read More