Basswood Counsel is a boutique law firm providing hands-on, strategic corporate, mergers and acquisitions, tax, and transactional counsel—designed to navigate complexity with ease. Founded to prioritize meaningful client relationships over formalities, we collaborate with bold leaders across industries, tailoring our advice to support your unique goals and growth.
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Can a company move to another state without dissolving and starting over?
Whether you are a business owner, executive, investor, or professional adviser, this episode provides a practical overview of the legal and tax considerations that may arise when relocating a company’s legal domicile.
News and Insights
IRS Automatic Penalty Relief
The IRS is introducing a new automatic process that will provide penalty relief to eligible taxpayers without requiring a separate
FBAR vs. FATCA: Understanding the Key Similarities and Differences
FBAR and U.S. FATCA are often discussed together, but they are separate reporting regimes with distinct filing requirements, thresholds, and
Understanding U.S. Taxation of Multistate and Foreign Corporations
As businesses increasingly operate across borders and state lines, understanding where tax obligations arise has become more complex than ever.
IRS Refund Delivery Changes for 2026: Guidance for U.S.‑Based and International Taxpayers
The IRS will phase out most paper refund checks for U.S.-based taxpayers starting September 30, 2025, mandating electronic direct deposits.