Art

Overview

Being an art collector, foundation or gallery comes with a unique suite of tax implications. Whether the issue is to mitigate the tax burden of collecting or selling art, or a family is looking to efficiently transfer wealth to future generations, it is critical to work with advisors with a comprehensive knowledge of the tax codes and legislatures governing the art and collectibles world. Under the umbrella of Anchin Private Client, Anchin’s Art Group offers high level, value-added services solving a variety of needs and issues. Our service offering includes:

• Art collectors and investors
  • Tax strategies
  • Wealth transfer planning
  • Asset tracking
  • Nexus
• Art galleries
  • Financial statement preparation
  • Needs assessment and advisor introductions – banking and other specialists
  • Specialized accounting requirements
• Artist endowed foundations
  • Entity formation
  • Governance and board development
  • Family participation
  • Staffing and foundation management
  • Inventory control and monitoring
  • Strategy analysis and grant implementation