Valuation Services, Inc. joins IR as the exclusive Business & Asset Valuations Member in US – Virginia

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Jeff Bae of Valuation Services, Inc. Jeff has joined IR as our exclusive Business & Asset Valuations member in US – Virginia. Founded in 1995, Valuation Services, Inc. (VSI) is one of the nation’s premier business valuation firms, with offices in Washington, DC, […]

Jeff BaePartner, Valuation Services, Inc.

The IRS Resumes its Global High-Wealth Examination Program and Targets High Income Non-Filers

The IRS has largely reopened for business on July 15, with an eye toward high net-worth individuals. The IRS recently announced it will restart its global high-wealth program by commencing several hundred new examinations of high net-worth individuals between July 15 and September 30. IRS audits of individual tax returns showing more than $1 million […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

Webinar: Trials, Hearings and Courtroom Practice After COVID-19 – Thursday, June 18th 2020

Thursday, June 18th 2020 – 4:00 PM (BST) About 1 hour and 30 minutes Join Norfolk Judges, David W. Lannetti and Tasha D. Scott, for a free 1-hour CLE as they discuss the pandemic’s impact in the courtroom and on court practices.* What you need to know about: Courthouse health protection – masks and social distancing […]

James L. Chapman, IVIR Global Engagement Partner, Crenshaw, Ware & Martin, P.L.C.

Congress Takes the Stretch Out of IRAs (and Other Retirement Assets)

Recent changes in the tax law make 2020 an ideal time to review the beneficiary designations on your retirement accounts.  In particular, if you have designated a trust as your beneficiary, the new legislation makes it advisable to revisit that decision to determine whether that designation is still appropriate for your estate plan. Historically, a […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

Crenshaw, Ware & Martin, P.L.C. Appoints Donald C. Schultz as Managing Partner

Norfolk, VA, January 1, 2020 – Crenshaw, Ware & Martin has appointed Donald C. Schultz as its new Managing Partner effective January 1, 2020. He succeeds W. Ryan Snow, who served in that role since 2012. Mr. Snow will continue his Business Disputes and Construction Law practice. Mr. Schultz serves as the Practice Group Chair […]

Donald C. SchultzManaging Partner, Crenshaw, Ware & Martin, P.L.C.

New Jersey Nonprofit Donor Disclosure Law Faces Lawsuit

Despite expressing concerns about the measure at the time, New Jersey Governor Phil Murphy signed into law on June 17, 2019, a bill that creates new disclosure requirements for certain groups seeking to influence elections and government actions in New Jersey. The new law now faces a First Amendment challenge from the conservative advocacy group […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

Remembering Mortimer M. Caplin – July 11, 1916 – July 15, 2019

The Firm mourns the passing of Mortimer M. Caplin, co-founder of Caplin & Drysdale.  Mr. Caplin passed away on Monday, July 15, 2019, just four days after his 103rd birthday. He died peacefully in his home. Mr. Caplin lived a remarkable twentieth-century life, spanning the decades from his action as a beach master with the […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

The Proposed GILTI High Tax Exclusion – Taxpayer Favorable Proposed Regulations under Section 951A

U.S. Shareholders of controlled foreign corporations (“CFCs”) should be aware that proposed regulations issued on June 14, 2019, could significantly alter how the new Global Intangible Low-Taxed Income (“GILTI”) regime under new section 951A affects their tax bills.  If finalized, the regulations would permit taxpayers to elect to exclude CFC income items subject to foreign […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered

Supreme Court Rules Against North Carolina in Kaestner On State Income Taxation of Trusts: What Does This Mean for the District of Columbia, Virginia, and Maryland?

A landmark Supreme Court decision decided last week calls into question the constitutionality of local (District of Columbia, Maryland, and Virginia) fiduciary income tax regimes.  Many trusts that have been treated as “resident trusts” – and thus subject to tax in the state on all of the trust’s undistributed income, wherever sourced – because of […]

Jeffrey A. LiesemerMember, Caplin & Drysdale, Chartered