The IRS issued proposed regulations on Opportunity Zones on Friday, October 19, 2018. The 2017 Tax Cuts and Jobs Act (the "Act") created Opportunity Zones to spur investment in distressed communities throughout the country by providing tax benefits related to the deferral of capital gains. Pursuant to the Act, States were permitted to designate certain [...]
Blog Posts
Alternative & Direct Investment Securities Association 2018 Annual Conference
On October 8th-10th 2018, Steve Thayer spoke at the ADISA Annual Conference in Las Vegas, Nevada on how family offices invest private capital. The Alternative and Direct Securities Association (ADISA) is the nation's largest investments association providing networking, education and advocacy for its members. ADISA provides legislative and regulatory advocacy, networking and access to peers, professionals, [...]
The Cryptocurrency Regulatory Conundrum
The regulatory framework in the United States ("US") related to the sale and issuance of cryptocurrencies is a mess. Today, there is no single regulatory body in the US that governs the purchase and sale of cryptocurrencies. The Securities and Exchange Commission ("SEC") is relying upon a Supreme Court case from 1946 to say that [...]
Opportunity Zones – Meet Impact Investing
The new Tax Cuts and Jobs Act (the "Act") created new tax incentives for the ownership and development of property in federally designated Opportunity Zones. An Opportunity Zone is an economically distressed community that is nominated by a State and certified by the Internal Revenue Service. What is interesting about the Act is that it [...]
Handler Thayer Family Office Forum – June 27, 2018
Once again Handler Thayer, LLP hosted its annual Handler Thayer Family Office Forum at the University Club in Chicago, Illinois. This year's conference was held on Wednesday, June 27, 2018. The primary purpose of the conference is to educate families offices about how to manage and operate their family offices. Last year Handler Thayer welcomed [...]
Tax Reform – Compromise, Complexity, & Predictions
Although everyone would like to make the tax code easier, we just can't seem to get it done. In the spirit of trading political favors, also known as compromise, we always seem to end up making the tax code more complicated rather than less. That being said, there are some significant changes that will soon [...]
Illinois Growth & Innovation Fund Summit Meeting – July 27, 2017
Leading Chicago venture capital firms gathered on July 27, 2017, to discuss the state of venture capital in Illinois. Michael W. Frerichs, the Illinois State Treasurer kicked off the conference followed by J.B. Pritzker, of The Pritzker Group, and keynote speaker Steve Case, CEO of Revolution, and founder of America On-line. Panelists including leading Chicago [...]
Institutional Managers/Family Offices – Form 13F Reports – Due August 14, 2017
Institutional investment managers, including certain persons and entities related to a family office, that exercise investment discretion over $100 million or more in Section 13(f) securities must report their holdings on Form 13F with the Securities and Exchange Commission (SEC). In general, an institutional investment manager is: (1) an entity that invests in, or buys and sells, securities [...]
Family Office Private Capital Forum
On June 21, 2017, Handler Thayer, LLP hosted its 3rd Annual Family Office Private Capital Forum at the University Club in Chicago, Illinois. Steven J. Thayer, Partner, at Handler Thayer, welcomed over 200 participants including single family offices, multi-family offices, advisers, and entrepreneurs. The primary purpose of the conference was to educate families offices about [...]
Global Energy & Alternatives Symposium
On June 4-6, Mr. Thayer joined Mick Law P.C. at their Global Energy & Alternatives Symposium in Dallas, Texas. Mick Law P.C., based in Omaha, Nebraska, represents broker-dealers, and registered investment advisers in the energy and real estate industries. Mr. Thayer spoke on a private equity panel to discuss how family offices invest private capital.
Steven J. Thayer, MBA, JD 