News & Insights
Understanding U.S. Exit Tax
As the global landscape becomes more interconnected, the financial and political implications of renouncing U.S. citizenship or permanent resident status have taken on new significance.
2025 Tax Deadlines
Navigate tax season smoothly with our guide to the 2025 tax deadlines. Stay ahead and avoid unnecessary penalties.
Talking M&A Series
Welcome to the first article in our series on mergers and acquisitions (M&A). At Basswood Counsel, we aim to explain the M&A process in a
Basswood advises Military Widow with Wrongful Taxation pursuit by the IRS
Basswood Counsel is proud to have provided pro bono services to a widow with a child of a soldier who was killed in active duty
The Global Wait for the U.S. Beneficial Ownership Reporting Implementation
Since the adoption of the Corporate Transparency Act (the “CTA”) in 2021, there has been ongoing discourse around the constitutionality of the beneficial ownership information
SEC No-Action Letter Relaxes Burden for Verifying Accredited Investor Status in Rule 506(C) Offerings
On March 12, 2025, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter in response to a request seeking interpretative guidance on verifying
When to Appoint a Corporate Trustee
For any estate plan that includes a trust, the appointment of the trustee for the trust is of critical importance to the successful administration of
New Update: U.S. Corporate Transparency Act Enforcement Reinstated With Deadline Extensions
On February 27, 2025, FinCEN announced that it will not impose fines or penalties on companies that do not submit their beneficial ownership information reports
Understanding the Reciprocal Trust Doctrine and Its Impact on Estate and Gift Taxation
The reciprocal trust doctrine is a critical consideration in estate planning for high-net-worth individuals (HNWIs) aiming to maximize the current gift and estate tax exemption