Article Archives - Page 19 of 19 - Anthem Strategy & Advisory

Can a State Tax a Trust Based on the Beneficiary’s Residency?

On Tuesday, the U.S. Supreme Court heard oral arguments in the case of North Carolina Dep’t of Rev. v. Kimberley Rice Kaestner 1992 Family Trust, No. 18-457 (U.S.). The case involves a North Carolina statute (N.C. Gen. Stat. §105-160.2) that allows a trust to be taxed solely because it has a North Carolina beneficiary, which was held to be unconstitutional by […]

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Minimizing Federal Income Tax on Trusts Under the TCJA

Article / Kelsea Balde

The tax rate on trusts compared to individuals has gotten even higher after the new tax law. Here are some possible workarounds. Having recently closed out another individual and trust tax return season (extensions excepted, of course), CPAs, attorneys, trustees, and financial advisers are noticing that the disparate tax treatment between trusts and individuals, which

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Top 5 Missed Tax Incentives for California Vineyards and Wineries

Article / Kelsea Balde

New clients regularly ask for the inside scoop on the latest loophole to reduce or eliminate their tax liability. It is common for wineries to see high cash outflow for operations with minimal profits and sometimes they’re still stuck with a tax bill at the end of the year. Too often I see firms marketing

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Tax Opportunities for Wineries and Vineyards

Article / Kelsea Balde

A version of this article previously appeared in Vineyard & Winery Management Magazine. As the tax rates on top earners continue to rise, many winery and vineyard owners are looking for new ways to reduce what they’re required to pay in taxes. The good news is there are many tax planning opportunities for wine businesses

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Congress Passes Bill Averting End-of-Year Tax Hikes for U.S. Distillers, Brewers, and Winemakers

Article / patti sohn

An end-of-year tax crisis for America’s brewers, distillers, and winemakers has been averted after Congress passed a bill on December 19 that included a one-year extension of the Craft Beverage Modernization and Tax Reform Act (CBMTRA). The bill, which is now on its way to the president’s desk and is expected to be signed on

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Taxing the Pour: How Taxes Have Changed Our Beer

Article / patti sohn

Like it or not, taxes are a fact of life (or death, as some would say). They have been imposed on citizens by governments for centuries, and breweries and their beers have long been a favorite tap for government revenue. Egypt was the first civilization on record to tax beer. As European societies learned to

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