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[…]
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[…]
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[…]
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[…]
The extreme limitations that the new tax law has imposed on deducting state and local taxes (state withholding taxes from wages; real estate taxes on homes) is probably the most upsetting of its provisions. High tax states with high income and county taxes like New York, New Jersey, Connecticut, California, DC, Maryland, and Illinois are Read more about In the News: WDEF News 12 Now[…]
Not fair at all! Entertainers and athletes do not benefit, while many other businesses do. The surprise winners (and losers) in this year’s tax season – a CBS News article featuring Harvey’s commentary. The new tax law 20% QBI Pass-Through Deduction provides a huge tax savings for most businesses. However, some businesses are excluded from Read more about In the News: CBS News[…]
Harvey was quoted by MarketWatch on the steps to take to protect yourself financially and mitigate potential conflicts and complications during settlement negotiations when divorce is on the horizon. Surprisingly, many divorce attorneys do not emphasize the importance of avoiding a tax dispute with your ex-spouse. That’s why a savvy forensic tax expert (i.e., Harvey) Read more about In the News: MarketWatch[…]
An investigative reporter at the Tampa Bay Times quoted Harvey on the internal controls (or lack thereof) the IRS has in place to prevent issuing fraudulently claimed tax return refunds. The article is entitled: “From the ‘Tax Fraud Queen’ to the $980,000 refund, Tampa Bay is a hotbed of tax scammers.” You are sure to Read more about In the News: Tampa Bay Times[…]
Harvey quoted in US News & World Report regarding what is felt by most tax professionals to be THE most confusing change to the new tax law…even the IRS does not yet know exactly how to interpret this provision! Known as the “Internal Revenue Code Section 199A Qualified Business Income Pass-Through Deduction,” the IRS recently Read more about In the News: US News & World Report[…]
Harvey was featured in Business Insider on the topic of “Hold On To Your Nest Egg For Dear Life!” Wealth preservation, when you hit the 60 year mark, can be much more important than additional wealth accumulation. It is so difficult to make money, and so easy to spend it unnecessarily or lose it unexpectedly Read more about In the News: Business Insider[…]