Kostelanetz & Fink partners and attorneys participated in the American Bar Association’s Fall Tax Meeting in Atlanta Oct. 6 to provide their expertise on a number of hot topics in the field of tax law, including the ending of the Offshore Voluntary Disclosure Program, new partnership audit rules, ethical issues in representing spouses, and bank and international provisions in the 2017 Tax and Jobs Act.
Henry Stow Lovejoy participated in the panel titled “Tax Issues For Banking And Savings Institutions Dealing In Cryptocurrency" at the ABA Section of Taxation 2018 May Meeting
Cryptocurrencies and ICOs continue to proliferate. This panel considered issues pertinent to banks and other financial institutions raised by cryptocurrencies, including amount, character, timing and source of income and deductions from cryptocurrency loans and borrowings, treatment of cryptocurrency derivatives, and reporting and withholding obligations. Additionally, unique tax issues associated with ICOs were also addressed.
Henry Stow Lovejoy participated in a panel titled "Equity-Based Mortgages – Debt/Equity/Derivatives Or A Combination Thereof?" at the 2018 ABA Taxation Section Midyear Meeting in San Diego, CA
A growing number of lenders offer mortgages that are designed to share the risk and reward of depreciation/appreciation in real estate values between the lender and borrower. For the borrower to deduct payments as mortgage interest, the instrument must be a debt instrument secured by real estate.
By Bryan Camp
ABA Tax Section meetings are fun! Last week I attended a fascinating panel presentation at the Austin meeting titled "Beyond Bitcoin: Blockchain and the Tax System." The panel was moderated by Stow Lovejoy, of Kostelanetz & Fink, LLP and included Amanda Wilkie, CIO of Withum Smith & Brown; Tony Tuths, of KMPG in Short Hills; and Lisa Zarlenga, of Steptoe & Johnson.