News & Insights
Understanding the Role of Investment Advisors in Dynasty Trusts
Investment advisors play a critical role in managing the long-term success of dynasty trusts, which often hold a significant portion of a high-net-worth individual’s estate.
Understanding Transfer Pricing: Key Principles and Strategic Insights for Multinational Tax Compliance
The operating units of a multinational corporation usually engage in a variety of intercompany transactions. For example, a U.S. corporation may sell its manufactured products
Why Trust Protectors Matter: Key Role in Dynasty Trusts and High-Net-Worth Estate Planning
High Net-Worth Individuals will typically have a sophisticated estate plan given the size of their estate and uniqueness of their assets; this often includes a
The Strategic Use of Directed Trusts in High-Net-Worth Estate Planning
Directed trusts offer high-net-worth individuals greater flexibility and control in estate planning by allowing trusted advisors to oversee investment and distribution decisions. This structure separates
Why Small to Midsize Businesses (SMBs) Need Specialized Tax Guidance
It has been our experience that business owners of SMBs do not get the attention required from their professionals and are confused as to their
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