Demutualization is the process in which a member-owned business becomes owned by shareholders. Traditionally, Insurance companies have used the word “mutual” in their name (i.e., Liberty Mutual) indicating mutually-held ownership by their policy holders as a group, rather than ownership…
It is traumatic enough receiving a letter from the Internal Revenue Service, but then comes the time to reply and provide the IRS with all of the data it requests in order to positively resolve, with finality, any suspected tax…
With the approval of the Executive Budget for 2015-16, several changes to the New York State estate tax law took effect. These changes amend the significant revamping of the state estate tax system from the year before. The legislation applies…