Aaron Schumacher is a Partner in the New Haven, Greenwich office of Withers Bergman. He advises on international and domestic income and estate tax planning, federal income tax practice and procedure and was based in the Withers Geneva office from 2010 – 2014. Aaron advises on issues relating to tax structuring for investments or companies into the US, tax compliance matters (domestic or international) as well as on international estate and trust related issues.
Aaron advises on issues relating to tax structuring for investments or companies coming into the US, tax compliance matters (domestic or international) as well as on international estate and trust related issues.
He has substantial experience with intra-family and multi-family office pooled investment and holding vehicles and providing advice to closely held businesses with US tax issues at either the ownership or operational level. Such advice is geared to controlling ownership structures such as trusts as well as to operational issues arising at the asset or asset management level.
As of the date of this publication, the US House of Representatives and the Senate have passed the “Tax Cuts and Jobs Act” as reconciled by the conference committee. Now that the President has signed the Republican tax bill into law, IP owners may find the tax bill will impact sales of certain intellectual property… Given that the Committee Bill directly contradicts itself with respect to the tax treatment of the sale of patents by taxpayers whose personal efforts created such property, it is unclear how this Bill will be implemented. It is unclear how gains or losses on a sale of self-created assets by a taxpayer who created a patent will be treated.