IRS Expands Relief for Qualified Opportunity Zones Due to COVID-19

By: Christopher Nuss | 06.16.2020

  Qualified Opportunity Funds (“QOF”) were created in 2018 as a new investment vehicle to provide preferential income tax treatment for private investment in certain distressed communities designated as Qualified Opportunity Zones (“QOZ”). Provided the requirements are met, reinvesting proceeds from certain capital gains into QOFs and QOZ businesses offers taxpayers the following tax incentives: Read…

Tax Update – Qualified Opportunity Zone Final Regulations and Highlights of Tax Provisions in Spending Bill

By: Christopher Nuss | 01.24.2020

Final Regulations for Qualified Opportunity Zones At long last, after two sets of proposed regulations, the IRS finalized its regulations with respect to investing in a “qualified opportunity zone” (“QOZ”). See previous articles on the tax benefits of such an investment and how to qualify for them here: Invest in Opportunity Zones and Updated Guidance on Opportunity Zone Read…

Planning for the 2019 Year-End and Upcoming Changes in Tax Law

By: Christopher Nuss | 11.21.2019

The end of the 2019 taxable year is quickly approaching, which means there are only a few weeks left for certain tax planning. This article discusses potential tax planning strategies for 2019, recaps some of the more significant changes that occurred in 2019, and also addresses upcoming changes you should be aware of for the Read…

BrownWinick Law Firm Ranked in U.S. News – Best Lawyers 2020 “Best Law Firms” List

By: BrownWinick | 11.01.2019

BrownWinick has been included in the U.S. News – Best Lawyers® 2020 “Best Law Firms” rankings[i]. The tenth edition of the U.S. News & World Report and Best Lawyers® released the 2020 “Best Law Firms” rankings on November 1, 2019. Firms included in the 2020 “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings from clients and peers. Achieving a Read…

BrownWinick Attorneys Named to 2020 Best Lawyers List

By: BrownWinick | 08.15.2019

BrownWinick is pleased to announce that 24 lawyers have been included in the 2020 Edition of The Best Lawyers in America. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. Best Lawyers® has published their list for more than three decades, earning the respect of the profession, the media, Read…

Owning a Private Aircraft for Personal and Business Use

By: Jonathan Napier | 08.01.2019

Owning a private aircraft personally or through a medical or dental practice may be convenient for taking vacations or attending conferences across the country, but there are important legal, tax, and liability concerns for the aircraft owner. The FAA Regulations govern any owner’s right to use an airplane, but the FAA scrutinizes any arrangement which Read…

Update on Investing in Opportunity Zones

By: Christopher Nuss | 07.16.2019

Additional IRS and Treasury Department Guidance Proposed Regulations for Qualified Opportunity Funds The IRS has now issued two sets of proposed regulations for Qualified Opportunity Funds (“QOF”). As part of the Tax Cuts and Jobs Act, Congress established QOF as a new investment vehicle to spur economic development in certain distressed communities across America designated Read…

One Year after Landmark Wayfair Decision Iowa Sales Tax Update

By: BrownWinick | 07.12.2019

The United States v. Wayfair Supreme Court landmark decision last summer created an entirely new landscape for state sales and use taxes. BrownWinick’s previous articles explained the decision and provided an update focused for businesses. To summarize, many more businesses are subject to out-of-state sales tax laws under a concept known as “economic nexus” based on how much in sales or how many sales Read…

BrownWinick Law Firm and Two Attorneys Listed in Chambers USA 2019 – High Net Worth Guide

By: BrownWinick |

BrownWinick has been ranked as a “leading law firm” in Chambers USA® 2019 – High Net Worth Guide in the area of Private Wealth Law. Two attorneys from BrownWinick were selected for inclusion in Chambers USA® 2019 as “notable practitioners” in the Private Wealth Law – Paul Carey and Robert Hodges. Wealth management in the United States is an ongoing, ever-evolving practice. BrownWinick assists clients Read…

BrownWinick Attorneys Featured in 2019 Great Plains Super Lawyers and Great Plains Rising Stars

By: BrownWinick | 07.11.2019

Eleven BrownWinick attorneys were selected for inclusion in the 2019 Great Plains Super Lawyers online listing: William Brown – Tax Elizabeth Coonan – Employment and Labor Michael Dee – Business Litigation Alice Helle – Employee Benefits Thomas Johnson – Business/Corporate Ann Holden Kendell – Employment and Labor James Pray – Environmental Brian Rickert – Construction Litigation Christopher Sackett – Mergers and Acquisitions Sheila Tipton – Energy and Resources Thirteen BrownWinick attorneys were selected for inclusion Read…