The issuance of a partnership profits interest is a tax-efficient tool for a partnership (including an LLC or other entity treated as a partnership for tax purposes) to incentivize its
Continue Reading Quick Guide to Partnership Profits Interests
Miami Shareholder Scott J. Bakal authored an Op-Ed for Israel’s economic journal Globes. Relevant for U.S. citizens, Israelis with children in the U.S., or who own assets there, the article
Continue Reading March 6, 2024 | Globes | Plan Now for U.S. Estate Tax Changes
Following their recent announcement regarding new partnership and global high wealth enforcement initiatives,1 the Internal Revenue Service (IRS) on Oct. 20 announced another enforcement initiative focusing on foreign corporations
Continue Reading IRS Ramps Up Enforcement Efforts; Focuses on Foreign-Owned and ‘Mega’ Corporations
In February 2020, the IRS announced that it would step up efforts to contact high-income taxpayers (defined as earning $100,000 or more per year), who in prior years have failed
Continue Reading The IRS Announced a New Non-Filer Initiative Over a Year Ago – Now We See the Enforcement
Congratulations to Memic Innovative Surgery (“Memic”), an Israeli medical device company dedicated to transforming robot-assisted surgery with its proprietary technology, on completing a multimillion dollar Series D Financing Round.
Leading
Continue Reading GT Team Represents Medical Device Company in Series D Financing
In July 2019 the IRS identified post offshore voluntary disclosure program (OVDP) compliance as a campaign. The purpose of the campaign is to pursue those OVDP participants who fail to
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was signed into law on March 27, 2020, contains a tax credit to encourage companies to continue paying employees
Continue Reading Employee Retention Tax Credit for Employers under the CARES Act
On April 2, 2020, the Department of Treasury and the Small Business Administration (SBA) posted the Interim Final Rule implementing Sections 1102 and 1106 of the CARES Act in advance
Continue Reading Congress Passes CARES Act: Overview of the Relief Available to Small and Other Business Concerns
In the midst of a global pandemic and the highest unemployment rates the United States has seen since 1933, President Trump signed into law the $2 trillion dollar Coronavirus Aid,
Continue Reading Congress Passes CARES Act: Overview of the Relief Available to Small and Other Business Concerns