In some families, younger generations start private equity funds and raise capital from both family and outside investors.

In trust and estate tax planning, a well understood and often used tax saving transaction is the partial interest gift discount when a non-controlling partial (or fractional) ownership interest is gifted between family members. In this case, once the fair market value of 100% of the subject real estate portfolio is established, a discount study is performed for the partial interest of the ownership amount that is transferred via a gift.

As we enter the second quarter of 2022, businesses and their owners face a state of change, disruption and uncertainty on both the domestic and international fronts. Despite the pending developments that have the potential to impact tax planning opportunities and challenges in 2022, there are some areas where tax planning needs are clear and where taxpayers must give their immediate attention. To that end, below are several tax-related moves that business should consider in 2022 including amending returns to capture tax benefits from the pandemic, leveraging deductions that may soon expire, and planning around expired tax benefits and current legislative uncertainty.

<p>Andersen Global expands its presence in Africa through a Collaboration Agreement with ISHARA Consulting Limited (iSHARA), a tax and business advisory services firm in Tanzania. </p>

<p>Managing Director Mary Duffy's thoughts regarding the planning opportunities and potential pitfalls of owning and operating a private aircraft are featured in an interview recently published by <em>CFO Dive</em>, a business publication aimed at chief financial officers.Tax law changes included in the Tax Cuts and Jobs Act of 2017 such as 100% bonus depreciation helped lead to a boom in demand for private aircraft.</p>

<p>Andersen Global continues to cultivate its platform in East Asia through a Collaboration Agreement with Eiger, a full-service law firm headquartered in Taipei, Taiwan.</p>

<p>The Texas Supreme Court ruled in favor of Sirius XM Radio, finding that the service it performs for Texas subscribers occurs primarily outside the state for purposes of calculating the company's liability for the Texas Franchise Tax. The decision invalidates rule amendments adopted by the Texas Comptroller interpreting the state's apportionment statute as sourcing certain service receipts using the receipt-producing, end-product act. As a result, taxpayers that provide services to Texas customers through technology and communications platforms could potentially be entitled to a tax refund.</p>

<p>Andersen Global adds depth to its platform in Bangladesh through a Collaboration Agreement with law firm A.S &amp; Associates, establishing a full suite of integrated tax and legal capabilities in the country.</p>