OBBBA imposes five key provisions set to reshape tax strategies for high-net-worth individuals. Understanding the implications is extremely important.
Read MorePosted by Jon Williamson and Stephen FisherOn July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, altering the tax landscape for the near and long-term. Much like the 2017 Tax Cuts and Jobs Act (TCJA), the impact of the OBBBA is dependent on each taxpayer’s...
Read MoreOn July 4, 2025, the One Big Beautiful Bill Act (OBBBA) became law and will have a significant impact on the real estate industry in particular. Key areas include the preservation of full deductibility for business state and local taxes, permanent extension of the 20% deduction for pass-through...
Read MoreThe One Big Beautiful Act (OBBBA), signed into law on July 4, 2025, is one of the more comprehensive tax reform packages in recent years. It makes several temporary provisions from the Tax Cuts and Jobs Act (TCJA) permanent, introduces new deductions, and impacts how businesses and individuals...
Read MoreOn July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law after it narrowly passed in the Senate (51-50) and House (218-214). While the new law may have only narrowly passed, it will have widespread impact for almost every taxpayer. From its extension of Tax Cuts...
Read MoreThe One, Big, Beautiful Bill (TOBBB) made more progress this past week as the Senate Finance Committee released its draft tax provisions to be included in the bill. While the Senate’s version is similar to the House version passed in May, key distinctions and certain provisions are still...
Read MoreThe iconic Drake hotel ballroom in Chicago was bustling with chatter during our recent Cohen Client Conference — not from the sounds of past famous heads of state and celebrities who have stayed there and left their mark — but with the excitement of asset managers, board members...
Read MoreThere has been growing buzz around the undeniable surge in the ETF share class and digital asset ETF applications within the Investment Company Act of 1940 (’40 Act) and 1933 Act Securities Act (’33 Act) structures. As these innovative offerings gain traction, issuers and service...
Read MoreIndependent directors in the registered fund arena play a critical role in fund governance and protecting shareholder interests. The Independent Directors Council’s 2024 Annual Review noted that as of September 30, 2024, there were just over 1,600 independent directors overseeing...
Read MoreCollective investment trusts (CITs) aren’t new — but they’ve quietly positioned themselves for the next major evolution in the retirement investment landscape. According to reports from the SEC and ICI, as of December 31, 2024, CITs accounted for $7 trillion of the $12.4...
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