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Effective immediately new US legislation will tax certain US beneficiaries of non-US trusts on their use of trust property

The Internal Revenue Service recently announced revised timelines in connection with the staged implementation of the various due diligence, verification, withholding, and reporting requirements contained in IRC sections 1471 – 1474.

The IRS has provided new guidance on its Offshore Voluntary Disclosure Program (OVDP) (IR-2012-64) and announced a new voluntary compliance program for U.S. taxpayers living overseas (IR-2012-65).

Congress took steps to limit the use of discounting techniques when it enacted Section 2704 of the Internal Revenue Code in 1990.

NFTs are digital identifiers typically used to certify ownership of distinct rights or assets where such ownership is recorded on a distributed ledger.

Artificial intelligence (AI) is rapidly transforming the asset management industry. In this brief video, Akin investment management partner Brian T. Daly discusses the importance of incorporating...

On August 9, 2018, the National Futures Association ("NFA") announced that, effective October 31, 2018, NFA members are required to make additional disclosures in connection with their virtual currency activities ...

The American College of Trust and Estate Counsel (ACTEC) is a national association of leading trust and estate attorneys.

In 2010, billionaires Warren Buffett and Bill Gates went public with their "Giving Pledge" campaign. The campaign asks the wealthiest people in the world to donate at least half of their wealth to charity either during lifetime or as a testamentary gift.

Trump Accounts have officially launched with nearly 70 million accounts created, but families must take specific steps to activate and manage these accounts. Parents and guardians need to claim automatically enrolled accounts, elect the $1,000 federal contribution for eligible children, and understand contribution limits before they can fully utilize this new savings vehicle.

Health care FSAs allow participants to set aside pretax funds (up to $3,050 in 2023) to pay for qualified health care expenses.

The Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") requires that parties to significant mergers, acquisitions, or other transactions notify the Federal Trade Commission ("FTC") and the Department of Justice ("DOJ") prior to consummating the transaction.

An investment management firm founded and owned by legendary investor (and New York Mets owner) Steve Cohen on August 11 filed a petition in Tax Court contesting an IRS audit adjustment...

The announcement of the Bayer-Monsanto transaction gives shareholders a great opportunity to think about taxes and charitable planning options.

Supplemental Security Income (SSI) is a program administered by the Social Security Administration (SSA) that provides a monthly cash benefit to individuals...

On 4 April 2025, the SEC's Division of Corporation Finance (Division) issued a statement (Statement) providing that the offer and sale of certain "Covered Stablecoins" do not involve the offer and sale of securities within the meaning of federal securities laws

Over 2025, US financial regulators undertook a broad recalibration of their approach to market regulation...

Whether you decide to exit entirely with a sale to a strategic buyer, sell a majority of your interest in the company to a private equity firm or exit through an ESOP transaction, up-front planning is vital for determining the structure and type of deal that will accomplish your goals with regard to both your business and your family.