December 5, 2017— The Senate tax bill contains a provision that would force individual investors to use first-in-first-out (FIFO) tax treatment for sales of the shares of most stocks. Markets have risen substantially in recent years, making management of taxable gains an important consideration in delivering after-tax returns to investors.
Learn about what passed and what didn’t in New York’s 2019- 2020 legislative session with an overview of important new legislation, executive orders and pending proposals, and a dramatic reminder of existing law, including: Sweeping new legislation regarding assisted reproduction.How any New York source income can subject a New York resident trust to taxation on all its income.A proposal to implement a new pied- à-terre tax on non-primary NYC residences.
Delaware enjoys international renown for its trust and tax law advantages and its innovative estate planning vehicles. Delaware has a well thought-out body of trust laws; a supportive legislature, executive branch, and legal and banking community; and many institutions that compete for trust business.Benefits of having a trust in Delaware include tax advantages, creditor protection, flexible distribution rules, and others.