Bruce B. Pinegar Partner

The 2017 Tax Cuts and Jobs Act, coupled with the recent taxpayer victory in Lender Management, LLC v. Commissioner, has made family office planning a major focus of 2018.  This article provides a general overview of family offices and their use in planning for the deductibility of investment management expenses before offering some considerations regarding the proper organizational structure for family office entities and family investment funds.

The Tax Cuts and Jobs Act of 2017 and the recent taxpayer victory in the U.S. Tax Court’s Lender Management, LLC decision have created important planning opportunities for both our closely held and family-controlled entities in 2018.