Jim DeCarlo is the chief executive officer of StratWealth, a financial planning firm based in Maryland. Since its founding in 1991, StratWealth has provided extraordinary wealth management for clients by holding to an overarching mission: serve others to make lives better. The firm serves a diverse range of clients in various age groups and stages of […]
There’s no such thing as an “ordinary” divorce. That being said, it’s fair to call some divorces extraordinary—for the extraordinary legal guidance they require. Imagine that you and your spouse have been together for 25 years. Together during that time, you’ve built a business, amassed a multimillion-dollar fortune, and invested in over a dozen ventures. […]
In our ever-connected workplaces, many employees work more than their “regular” schedule. Recently, the federal government announced an update to its rules surrounding overtime. While primarily governed by the Fair Labor Standards Act (FLSA), the Department of Labor has many modifying rules that set out how employers/employees apply the FLSA Under the update, employees that make more […]
Although National Elephant Appreciation Day is formally celebrated September 22nd, it is always a good time to recognize Thailand’s national animal. To honour these majestic (and unfortunately endangered) creatures, test your knowledge of several famous fictional elephants and elephant brands: To take the quiz please click here
Question: I have a valuable piece of artwork as part of a larger collection. I don’t want to lose control of this piece in my collection and may even want to consider a sale. How can I keep the piece in the control of my family, but mitigate the potential tax liability (income or estate tax)? […]
Several new laws that may be relevant to business owners and managers will take effect on October 1, 2019, after being approved by the Maryland General Assembly earlier this year. Chapter 753 – Noncompete and Conflict of Interest Clauses Over the last several years, many states have witnessed the gradual erosion of the enforceability of […]
Munich, Germany – the welcoming home of Oktoberfest. However, what’s not so welcoming is the rising cost of beer. According to a study conducted by Oktoberfest.de, a litre of beer will cost between €10.80 and €11.80 this year, which is 3.1% more expensive than that of the previous year. This study also found that the […]
Question: I have been an educator my entire life and hold my retirement plan accounts with The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, also known as TIAA and formerly, TIAA-CREF. What types of options will TIAA give me now that I am retired? Answer: While I am not a TIAA employee or have any affiliation, […]
International Literacy Day is observed on September 8th each year to highlight efforts to improve the global literacy rate. To recognize the need for improved world literacy and underscore the inspiring power of great literary works, test your ability to identify the authors and works associated with these passages from famous books: Start Quiz
Despite expressing concerns about the measure at the time, New Jersey Governor Phil Murphy signed into law on June 17, 2019, a bill that creates new disclosure requirements for certain groups seeking to influence elections and government actions in New Jersey. The new law now faces a First Amendment challenge from the conservative advocacy group […]
The Firm mourns the passing of Mortimer M. Caplin, co-founder of Caplin & Drysdale. Mr. Caplin passed away on Monday, July 15, 2019, just four days after his 103rd birthday. He died peacefully in his home. Mr. Caplin lived a remarkable twentieth-century life, spanning the decades from his action as a beach master with the […]
U.S. Shareholders of controlled foreign corporations (“CFCs”) should be aware that proposed regulations issued on June 14, 2019, could significantly alter how the new Global Intangible Low-Taxed Income (“GILTI”) regime under new section 951A affects their tax bills. If finalized, the regulations would permit taxpayers to elect to exclude CFC income items subject to foreign […]