Next Nest: Working Remotely Through COVID-19
In this edition of Next Nest, the Carlsonsâ son and his fiancĂŠe deal with working remotely during COVID-19 and leaving their NYC apartment to quarantine at the familyâs beach house. Sate income taxation rules are complex, and the increase...
Read more
Proposed Regulations on Carried Interest Taxation
The TCJA quietly added a provision to tax certain âcarried interestsâ at a higher tax rate. That additionâInternal Revenue Code Section 1061 (IRC 1061)âtaxes certain carried interests at the ordinary income tax rate. Simply stated, carried interest is the...
Read more
Five Frequently Asked Questions About Saving For Education
There are many factors to consider when saving for future education costsâthe time between now and when the funds are needed, risk tolerance of the investor, investment preference, and individual tax situation. It may be obvious, but we always...
Read more
Estate Planning Strategies During Uncertain Times
This could be an opportune time to consider transferring wealth to future generationsâby transferring assets (at lower values) and taking advantage of historically low interest rates. As the world continues to face these unprecedented times, we at Fairman Group...
Read more
Estimated Taxes
Taxes may be the last thing on peopleâs minds these days; however, the extended tax-filing deadline of July 15th is near. Note that the three-month extension to file federal and most state tax returns also applies to estimated tax...
Read more