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SportsTax Mitigation Strategies for Art Collectors and Investors – Part 2: Donating Artwork to Charity
Articles/NewsPosted on July 31, 2020
News
Category: Articles/News - Page 7
Investing in artwork provides access to a number of potential tax advantages at the federal level. For collectors and investors who wish to donate pieces in their collections to charity, timing and structuring artwork donations strategically can offer substantial income, gift and estate tax savings. In this second part of our two-part series on tax mitigation strategies for art collectors and investors, we are covering some of the primary ways in which a Boston tax lawyer can assist with maximizing the tax benefits of donating artwork to charity.Read More
Tax Mitigation Strategies for Art Collectors and Investors – Part 1: Buying and Selling Artwork
Articles/NewsPosted on July 24, 2020
Greek Historical Blockbuster Backed by Billionaire
Articles/News, Press ReleasesPosted on July 17, 2020
It has been reported that a Greek billionaire is behind the backing of a new high-octane action-adventure feature film that will center around Greek history, music, and freedom.
Read MoreYou filed your 2020 income tax returns with the Internal Revenue Service (IRS), and you assumed this meant that you were done thinking about your taxes until next year. But, you have just received an audit letter from the IRS, and now you are wondering what – if anything – you need to do to make sure you (i) do not pay more than necessary, and (ii) are not at risk for facing allegations of federal tax fraud.Read More
Could an SBA Paycheck Protection Program Loan Audit Lead to Trouble with the IRS?
Articles/NewsPosted on June 16, 2020
Due to widespread fraud under the Paycheck Protection Program (PPP), the U.S. Small Business Administration (SBA) will be auditing many loan recipients at the time they apply for forgiveness through their lenders. These audits have the potential to lead to additional scrutiny from various federal agencies, including the Internal Revenue Service (IRS). If your company is contacted by the IRS with regard to its use of PPP funds, it will be important for you to consult with a Boston tax attorney promptly.
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