There is nothing new about people moving from a northern state to the mild climate of Florida in their later years. Yet when octogenarian billionaire Carl Icahn recently announced plans to relocate not only his residence but also his entire business from New York to Miami, he was thinking about more than just warm, sunny Read more about How to Save Taxes by Moving From New York to Florida[…]
Harvey was quoted in an article written by Oliver Bullough (a genius reporter) on today’s most sophisticated asset preservation and protection strategy as follows: “The smart people want privacy,” explained Harvey Bezozi, a Florida financial adviser and tax expert who blogs under the name Your Financial Wizard. “South Dakota offers the best privacy and asset Read more about In the News: The Guardian[…]
For anyone seeking to preserve family wealth, developing a strategy to minimize estate transfer taxes is critical. Without a well-crafted mechanism to pass assets down to children, grandchildren, and future heirs, recurrent taxation can erode the value of an estate with each successive generation. By protecting your wealth from repeated exposure to transfer taxes—as well Read more about Enduring Generational Wealth – Dynasty Trusts & How the TCJA Enhanced Them[…]
Harvey has a unique “niche” tax practice. He only handles extremely large and complicated IRS problem cases, many for very famous celebrities and other well-known people, and almost all of his tax cases come from attorney insiders (music business; lobbyists; medical elite; mergers & acquisitions counsel) and informed CPAs. Even the most experienced tax resolution Read more about In the News: Tax Pro Today[…]
This article writer’s assertion in the article title is a bit extreme. Endeavor has amassed a wealth of “best in class” brands and has talented management at every level. Although cash flow has been negative over the past several years, Endeavor uses its financial acumen and deal making skills to fund these shortfalls. There is Read more about In the News: Forbes[…]
Harvey Bezozi is a tax guru specializing in complicated tax cases for famous people including music, film, and television celebrities, athletes, news anchors, prolific authors, top surgeons, hedge fund managers, politicians, judges, silicon valley billionaires, ultra-wealthy families, huge taxable estates, inventors, real estate investors, attorneys, industrialists, green energy innovators, and others. He is interviewed here Read more about Podcast: Enterprise Podcast Network[…]
In a recent, highly publicized case, the IRS rejected a tax settlement proposal known as an Offer in Compromise (OIC) from actor Wesley Snipes. Snipes sought to pay less than 5% of his massive tax debt of around $25 million. The IRS agents handling the case (called Revenue Officers, or “ROs”) flatly denied the proposal, Read more about Reasonable Collection Potential and the IRS Offer in Compromise[…]
I cannot get comfortable with the significant limitations created by the new tax law on the State and Local Tax Deduction (SALT). It effectively rubs salt into the wound, causing pain to those in high income states, where mostly all of my celebrity music clients live (California and New York). My experience has also shown Read more about In the News: AccountingToday[…]