Enduring Generational Wealth – Dynasty Trusts & How the TCJA Enhanced Them

Posted on September 24, 2019September 24, 2019 by Harvey I. Bezozi

For anyone seeking to preserve family wealth, developing a strategy to minimize estate transfer taxes is critical. Without a well-crafted mechanism to pass assets down to children, grandchildren, and future heirs, recurrent taxation can erode the value of an estate with each successive generation. By protecting your wealth from repeated exposure to transfer taxes—as well Read more about Enduring Generational Wealth – Dynasty Trusts & How the TCJA Enhanced Them[…]

In the News: Tax Pro Today

Posted on August 1, 2019December 27, 2021 by Harvey I. Bezozi

Harvey has a unique “niche” tax practice. He only handles extremely large and complicated IRS problem cases, many for very famous celebrities and other well-known people, and almost all of his tax cases come from attorney insiders (music business; lobbyists; medical elite; mergers & acquisitions counsel) and informed CPAs. Even the most experienced tax resolution Read more about In the News: Tax Pro Today[…]

In the News: Forbes

Posted on June 29, 2019February 14, 2021 by Harvey I. Bezozi

This article writer’s assertion in the article title is a bit extreme. Endeavor has amassed a wealth of “best in class” brands and has talented management at every level. Although cash flow has been negative over the past several years, Endeavor uses its financial acumen and deal making ‎skills to fund these shortfalls. There is Read more about In the News: Forbes[…]

Podcast: Enterprise Podcast Network

Posted on June 16, 2019June 20, 2019 by Harvey I. Bezozi

Harvey Bezozi is a tax guru specializing in complicated tax cases for famous people including music, film, and television celebrities, athletes, news anchors, prolific authors, top surgeons, hedge fund managers, politicians, judges, silicon valley billionaires, ultra-wealthy families, huge taxable estates, inventors, real estate investors, attorneys, industrialists, green energy innovators, and others. He is interviewed here Read more about Podcast: Enterprise Podcast Network[…]

Reasonable Collection Potential and the IRS Offer in Compromise

Posted on June 15, 2019June 16, 2019 by Harvey I. Bezozi

In a recent, highly publicized case, the IRS rejected a tax settlement proposal known as an Offer in Compromise (OIC) from actor Wesley Snipes. Snipes sought to pay less than 5% of his massive tax debt of around $25 million. The IRS agents handling the case (called Revenue Officers, or “ROs”) flatly denied the proposal, Read more about Reasonable Collection Potential and the IRS Offer in Compromise[…]

In the News: AccountingToday

Posted on May 28, 2019December 27, 2021 by Harvey I. Bezozi

I cannot get comfortable with the significant limitations created by the new tax law on the State and Local Tax Deduction (SALT). It effectively rubs salt into the wound, causing pain to those in high income states, where mostly all of my celebrity music clients live (California and New York). My experience has also shown Read more about In the News: AccountingToday[…]

The Vacation Home LLC and Why It Is Used

Posted on April 23, 2019June 15, 2019 by Harvey I. Bezozi

While many families enjoy owning vacation homes and using these properties for getaways and gatherings, a vacation home is a unique type of asset that requires careful planning regarding its ownership structure. The type of ownership format chosen will affect a wide range of legal, financial, and procedural factors including asset and creditor protection, property Read more about The Vacation Home LLC and Why It Is Used[…]

In the News: NBC News

Posted on April 9, 2019December 27, 2021 by Harvey I. Bezozi

People are waiting longer this year to file their taxes for a variety of reasons. The overly complex tax law changes have caused many tax professionals to take a second and third look at things before pressing the e-file button. Also, regular W-2 employees are finding smaller refunds due to Form W-4 calculation errors. And, Read more about In the News: NBC News[…]

Joe Biden 2015 Tax Return

Posted on March 23, 2019 by Harvey I. Bezozi

In the News: Bloomberg

Posted on March 19, 2019February 14, 2021 by Harvey I. Bezozi

Wealthy families use a variety of trusts for asset ownership, asset protection, and tax planning purposes. The Disney/Fox deal is an intricate corporate asset acquisition and merger. Harvey is a mergers & acquisitions and trust expert, and was asked by a prominent Bloomberg reporter to quote on this topic. The Murdoch’s look very happy In Read more about In the News: Bloomberg[…]