Advisors Take Note: SEC Proposes Sweeping Changes to Custody Rule

By Natalie Roberts On the horizon is a potentially cataclysmic shift in the rules for custody of investments managed by investment advisers. On February 15, 2023, the Securities and Exchange Commission (“the Commission”) issued  Release IA-6240 (the “Issuing Release”), announcing it proposes to amend Rule 206(4)-2 of the Investment Advisers Act of 1940 (“Advisers Act”), […]

Important information Concerning Income Taxation of Digital Assets

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The Infrastructure Investment and Jobs Act[1] (Infrastructure Act) amended provisions in the Internal Revenue Code (the Code) to improve tax administration and tax compliance with respect to trading and investing in digital assets. The amended provisions in the Code require “brokers” to report information on transactions in digital assets, meaning cryptocurrencies, NFTs, and other crypto-assets. […]

Post Honeymoon Checklist: be prepared for marriage

Your wedding is over, and the day was absolutely perfect. You went away on your honeymoon with your new spouse and had the time of your lives. Now you are back and can breathe a sigh of relief and watch the rest of the years ahead unfold before your eyes. Well, not so fast. Now […]

2021 Annual Inflation Adjustments Issued by IRS

On Monday, the IRS issued the 2021 annual inflation adjustments for many provisions in the Internal Revenue Code, together with the 2021 tax rate tables for individuals and for estates and trusts. Rev. Proc. 2020-45 increased the standard deduction for married individuals filing jointly or surviving spouses to $25,100. For heads of households, the standard […]



The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act or the Act), a federal $2.2 trillion emergency relief package signed into law on Friday, March 27, 2020, was designed to provide financial relief in response to the economic downturn caused by the COVID-19 pandemic. The Act includes a range of tax assistance for […]

SECURE Act: How It Will Affect You and the Beneficiaries of Your Retirement Accounts

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By Natalie Roberts, J.D., LL.M. in Taxation On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act, effective January 1, 2020, is the most significant legislation affecting retirement accounts in decades.  The SECURE Act has several positive changes: It increases the required beginning date […]