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(847) 805-6150Call Visit WebsiteVisit Website Map & DirectionsDirections1000 E Woodfield Rd Ste 137Schaumburg, IL 60173 Write a ReviewWrite Review

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Phone: (847) 805-6150

Address: 1000 E Woodfield Rd Ste 137, Schaumburg, IL 60173

Website: https://www.factright.com/contact

Fact Right

Taxes

Tax Planning
Creative taxpayers are hard at work planning to charitably contribute invisible statues as part of their tax planning strategies for 2021. I know I am looking for an enterprising art appraiser!
Real Estate Taxes
The President is also calling on Congress to close the carried interest loophole so that hedge fund partners will pay ordinary income rates on their income just like every other worker. While equalizing tax rates on wages and capital gains will address this disparity, permanently eliminating carried interest is an important structural change that is necessary to ensure that we have a tax code that treats all workers fairly.  The President would also end the special real estate tax break—that allows real estate investors to defer taxation when they exchange property—for gains greater than $500,000, and the President would also permanently extend the current limitation in place that restricts large, excess business losses, 80 percent of which benefits those making over $1 million.”
Tax Deductions
Donald Trump’s efforts to preserve valuable tracts of pristine nature on his Seven Springs estate are under renewed scrutiny. According to the LA Times, the former President acquired the real estate for $7.5 million in 1995. Number 45 purportedly received a $21 million income tax deduction in 2015 related to the conservation easement placed on certain parts of the estate, which was concurrently appraised at $56.5 million. The property came into popular focus in 2009 as Trump had leased the property to Libyan dictator Moammar Kadafi “to pitch his Bedouin-style tent on the Seven Springs property north of New York City because he had no other place to stay for a U.N. visit.”
Income Tax
The Moores paid the tax and sued the government, asserting that the MRT is unconstitutional because it imposes a direct tax that is not apportioned, rather than a permissible income tax. The district court granted the government’s motion to dismiss, holding that the MRT is a “taxation of income” falling within Congress’s power under the 16th Amendment.
Capital Gains Taxes

Investment

Investment Management
Attendees will hear a 15-minute presentation from Chris Milner, Cantor Fitzgerald’s Head of Investment Management, on Cantor Fitzgerald’s and Silverstein Properties’ common stock offering in Cantor Silverstein Opportunity Zone Trust, followed by a candid Q&A session moderated by Russell Putnam of FactRight.
Mutual Funds
In today’s low interest rate environment, the search for yield is driving an increasing number of investment decisions. However, higher yield options are somewhat limited in more liquid investments, such as rated bonds or stabilized stocks or mutual funds, causing investors to seek out other avenues to achieve their income goals. Alternative investments are increasingly filling this need in today’s portfolio construction. However, such products are often selected based on quoted yield without taking into account the underlying risk-return tradeoff. The alternative investment industry may have lost track of appropriate compensation for the risk investors are assuming since stated yield often sells itself.
Bonds
Wealth Management
First there was greenwashing, and now AI-washing has made its way into the lexicon. The SEC recently settled charges against two investment advisers, Global Predictions and Delphia, for making misleading statements regarding their use, or more accurately, their non-use of artificial intelligence in their wealth management practices. The two firms settled their charges for $225,000 and $175,000, respectively. Summaries of the charges are as follows...

Accounting

Accounting Services

Planning

Retirement Planning
The 2022 CFA Institute Investor Trust Study notes that approximately two-thirds of institutional investors have exposures to cryptocurrencies in their portfolios. The survey included 976 institutional investors across 15 major markets. As noted below, this includes 94% of state/government pension plan survey respondents.
Asset Management
Wildermuth filed a definitive proxy seeking shareholder approval of its advisory agreement with BW Asset Management Ltd. (BW), a subsidiary of Kroll LLC, as part of its liquidation plan announced in June 2023. BW was appointed by the board to oversee the liquidation of the Fund in November 2023.

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