Tax
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Thirteen Warshaw Burstein Lawyers Named Super Lawyers for 202510/30/2025
Thirteen Warshaw Burstein lawyers named 2025 Super Lawyers in their respective practice areas in the New York Metro area.
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Countdown to Potential 2026 Reduction of the Federal Estate and Gift Tax Exemption10/16/2024
Individuals and families owning assets in excess of $7 million are well served to revisit their estate and gifting plans in preparation for a reduction in the federal exemption occurring on January 1, 2026. In a recent article, Warshaw Burstein Partner Peter Lese outlines exemptions under the current law and advises working with an estate planning team to maximize tax savings opportunities.
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Warshaw Burstein Adds Family Law, Tax (Private Client) Practice Areas to IR Global Membership07/25/2024
Warshaw Burstein, LLP today announced it has added several additional attorneys and the Family Law and Tax (Private Client) practice areas to its membership in IR Global, a multi-disciplinary professional services network that provides legal, accountancy, and financial advice to companies and individuals internationally.
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Warshaw Burstein Advises Nexalin Technology on $5.25 Million Secondary Offering07/25/2024
Corporate partners Martin Siegel and Steve Semian, along with tax partner Jason Diener, represented Nexalin Technology, Inc., as securities and general corporate counsel with respect to Nexalin’s public offering of 2,315,000 shares of common stock, which closed on July 1, 2024.
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Federal Appellate Court Decision Bolsters IRS’ Enforcement Authority Over Foreign Information Return Penalties06/04/2024
The U.S. Court of Appeals for the D.C. Circuit recently reversed a Tax Court decision which had limited the IRS’s authority to penalize taxpayers for the delinquent reporting of foreign-owned entities. The Farhy case has been intensely followed because it was initiated as a challenge to a longstanding, entrenched policy of the Service to automatically penalize taxpayers for failing to file certain tax forms involving non-U.S. entities.
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New Rules Requiring Entity Beneficial Ownership Disclosure Set to Take Effect January 1, 202411/28/2023
U.S. Treasury Department's Financial Crimes Enforcement Center unit rules governing the disclosure of beneficial ownership information are currently set to become effective January 1, 2024. The new rules contain ambiguities regarding certain fundamental definitions, and do not definitively resolve issues regarding access to the beneficial owner information reported as well as mechanical aspects of the reporting procedures.
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Warshaw Burstein Represents Nexalin in International Joint Venture06/07/2023
Corporate partners Martin Siegel, Steve Semian, and Jason Diener represented Nexalin Technology, Inc. in the creation of a formalized joint venture arrangement with Wider Come Limited.
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Tax Partner Jason Diener Presents Paper to Tax Club of New York City06/06/2023
Warshaw Burstein tax attorney Jason Diener presented a research paper to the Tax Club of New York City on May 18 addressing the various and often complex considerations with respect to both the scope of, and uncertainty in, the existing authority on the tax treatment of trust and estate litigation disputes.
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Jason Diener Joins Warshaw Burstein as Chair of Tax Group and Partner in Corporate and Securities Group03/21/2023
Warshaw Burstein today announced Jason I. Diener has joined the firm as partner and chair of the Tax Group and partner in the Corporate and Securities Group.
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Warshaw Burstein Welcomes Ian Shane as Partner in the Tax Practice07/28/2020
Warshaw Burstein is pleased to announce that Ian Shane has joined the firm as partner in the Tax practice group, expanding the firm’s capabilities in international and cross-border transactions.
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Client Alert: Tax Planning This Election Year07/22/2020
The Tax Cuts and Jobs Act of 2017 effected a number of tax changes that benefited high-net-worth individuals and businesses. With the upcoming Presidential and other elections this November, which could deliver control of the White House and the Senate to the Democrats, a number of observers have expressed concern that many of the foregoing benefits, as well as benefits that were in effect prior to enactment of the 2017 Tax Act, may be repealed.
For this reason, and because asset values are expected to increase as the recession winds down, there are a number of steps high net worth taxpayers might consider in order to take advantage of these endangered benefits. These steps include triggering income and gain this year, accelerating asset acquisitions and like-kind exchanges, restructuring foreign and domestic business operations, and gift giving. Learn more in this alert. -
CARES Act Enacted April 9, 202004/10/2020
