Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Tax Attorney Anthony Kim Sheds Light on Tax Filing Pitfalls for High-Net-Worth Individuals on “Liquidity Event Lessons” Podcast

In an illuminating upcoming episode of the “Liquidity Event Lessons” podcast, hosted by finance veteran Michael Ross, esteemed tax attorney Anthony Kim of the reputable firm Rosado & Kim will reveal the common tax filing mistakes that high net worth individuals and families often make. With a career spanning over three decades specializing in federal and state tax matters, Kim’s insights are invaluable for anyone navigating the complex world of taxes, especially during significant financial events.

The episode “Navigating Tax Challenges for the Wealthy” promises to delve deep into the intricacies of tax preparation and filing for affluent business owners. Kim will cover various topics, including the allure of “can’t lose” tax schemes and the critical importance of accurate tax filing following liquidity events.

Michael Ross said: This topic is important because business owners spend decades of their life building businesses that they are proud of and are valuable, only to make mistakes in the sales process and see the value at sale drop dramatically because of it.”

“One of the biggest missteps I see,” Anthony Kim shares in the interview, “is underestimating the complexity of tax laws, especially when dealing with liquidity events. It’s essential to have an experienced tax preparer who can foresee the IRS’s objections to certain filings and guide you through the process.”

“Liquidity Event Lessons” by Michael Ross is designed to explore the pitfalls that trap many high-net-worth business owners during the crucial period of selling their business. This episode aims to educate listeners on the dangers of engaging in too-good-to-be-true tax avoidance strategies and how the IRS is increasingly vigilant about such schemes.

Listeners will gain insights into how they can anticipate IRS objections and ensure their tax filings are compliant, thus avoiding potential audits and penalties. The discussion will also touch upon the broader implications of these mistakes and how proper guidance and planning can lead to more favorable outcomes.

The episode is a must-listen for business owners, financial planners, and anyone interested in understanding the complexities of tax law as it applies to high-net-worth individuals. Through this engaging conversation, Anthony Kim aims to arm listeners with the knowledge to identify and steer clear of common tax mistakes, ensuring a smoother and more profitable business transition.

“Don’t miss this opportunity to learn from one of the field’s most experienced professionals,” invites host Michael Ross. “Understanding these common pitfalls can save you from significant headaches and financial loss.”

 

About Michael Ross

Michael Ross, is 30+ year veteran as a financial advisor. After 30 years with Morgan Stanley, he is now an independent financial advisor who excels in helping business owners exit their businesses and move to the next phase of their lives.

Advisory services are offered through Integrated Advisors Network LLC, a registered investment advisor.

Learn more: www.mylatticewealth.com

 

 

 

 

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