White & Case, which launched a Houston office in February, has expanded in the nation’s energy capital with tax partner Chad McCormick, who formerly led the tax practice at Kirkland & Ellis in Houston. McCormick joined White & Case’s global tax practice on Tuesday. He will also work with the global M&A practice. Before joining Kirkland in 2016, he was a partner with Baker Botts in Houston. He advises clients on federal tax issues related to domestic and cross-border mergers, acquisitions and separations in the energy sector. John Reiss, White & Case’s global head of M&A, said the depth and breadth of McCormick’s transactional tax practice will benefit the firm’s clients. “Chad is an excellent energy-focused tax attorney with a critical strength in oil and gas matters,” Reiss said in a statement. Gregory Pryor, head of White & Case’s Americas M&A and corporate practice, stated that … [Read more...] about White & Case Hires Tax Lawyer in Houston From Kirkland & Ellis
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Rich professionals are using pension plans as a tax dodge
There’s one area where the traditional pension plan is getting new life — as a tax dodge for wealthy business owners. Pensions, also known as defined-benefit plans, can be used by doctors, law partners and wealth managers to stash hundreds of thousands of dollars in income a year. By doing so, they’ll get around the income limits Congress created to bar them from a generous new tax break for owners of pass-through entities, who report the firms’ income on their individual tax returns. The Treasury Department proposed regulations this month specifying who qualifies for the 20 percent deduction, which effectively slashes the top tax rate to just under 30 percent from 37 percent. The rules also say that planning techniques such as the “crack and pack” — where business owners split their firms into different entities to lower their tax bills — are considered abusive. That’s pushing top-earning service professionals to figure out other … [Read more...] about Rich professionals are using pension plans as a tax dodge
If you were looking for a good lawyer, would you retain the services of Michael Cohen?
After Michael Cohen pleaded guilty to eight counts of tax evasion, making false statements, and campaign finance violations, President Donald Trump tweeted, "If anyone is looking for a good lawyer, I would strongly suggest that you don't retain the services of Michael Cohen!" Trump's sentiment is understandable, as Cohen directly implicated him in several criminal activities. But what about Cohen's years of faithful service? Yes, he may have turned on his boss to receive a lighter sentence. But for a period of time, if you needed a lawyer to pay off a mistress, Michael Cohen was your guy! Would you hire him? PERSPECTIVES Michael Cohen has experience in many different fields, from the taxi cab business to reselling Birkin bags. According to The New York Times, he consistently managed to turn a profit for those he dealt with. An examination of the efforts to shield Mr. Trump from aspects of his own past shows how Mr. Cohen maneuvered in … [Read more...] about If you were looking for a good lawyer, would you retain the services of Michael Cohen?
Tax Lawyer reminds U.S. taxpayers with hidden foreign assets of upcoming IRS Deadline of September 28; only 5 weeks left
Richard S. Lehman, Tax Attorney in Boca Raton, FL Office, Richard Lehman, Tax Attorney in Boca Raton, FL Website of Richard S. Lehman, U.S. Tax Attorney Richard S Lehman, Video on IRS Amnesty FATCA and FFI Reporting on Youtube Richard Sam Lehman, tax video on IRS Streamlined Compliance on YouTube Tax Attorney Richard Sam Lehman is alerting taxpayers that the IRS “Offshore Voluntary Disclosure Program” (OVDP) is ending September 28, 2018 Office of Richard Sam Lehman, Tax Attorney (N/A:N/A)... it is extremely important for taxpayers who have foreign bank deposits and other types of foreign assets to take advantage of the waning days of this program while they still have the opportunity.”— Richard Sam Lehman, Tax LawyerBOCA RATON, FLORIDA, UNITED STATES, August 22, 2018 /EINPresswire.com/ -- People all over the world, including many American citizens and residents, have placed funds in foreign bank accounts. Some U.S. taxpayers may be unaware that such bank … [Read more...] about Tax Lawyer reminds U.S. taxpayers with hidden foreign assets of upcoming IRS Deadline of September 28; only 5 weeks left
Tax Lawyer Richard Sam Lehman starts legal blog and commentary on complex Tax Law Matters
Richard S. Lehman, U.S. Tax Attorney Website of Richard S. Lehman, U.S. Tax Attorney Richard Sam Lehman, tax video on IRS Streamlined Compliance on YouTube Richard S Lehman, Video on IRS Amnesty FATCA and FFI Reporting on Youtube Office, Richard Lehman, Tax Attorney in Boca Raton, FL Information on tax law developments now available on blog of tax lawyer Richard Sam Lehman; shares the experience gained in almost 50 years of tax practice Richard Sam Lehman, Attorney at Law (N/A:N/A)... In today’s global market, international tax issues are as prevalent as domestic tax issues ...”— Richard Sam Lehman, AttorneyBOCA RATON, FLORIDA, UNITED STATES, July 31, 2018 /EINPresswire.com/ -- Attorney Richard Sam Lehman, specializing in Tax Law, announced his new legal blog which will focus primarily on complex legal issues in Tax Law. It is, in essence, a front row seat to a timeless lecture and the quintessential master class. “With all the recent changes that resulted … [Read more...] about Tax Lawyer Richard Sam Lehman starts legal blog and commentary on complex Tax Law Matters