The US Treasury requires certain individuals and entities to report the existence of certain foreign financial accounts and entities (the “foreign reporting rules”). Since the foreign reporting rules became an area of focus for Treasury, there has been uncertainty regarding … Read more »
2011 Offshore Voluntary Disclosure Initiative – There’s a New (FBAR) Game in Town
CAUTION: This Update is only a superficial summary and may not be relied upon for guidance as to any particular, real life situation. We have included links to information on the IRS web site about the 2011 IRS “Voluntary Disclosure” … Read more »
Newly Enacted Federal Tax (and Unemployment) Statue
Dear clients and friends:
I wanted to provide you with a brief review of the recently-enacted federal tax law – the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010”. Whether this law is aptly-named is yet to … Read more »
2010 Suspension of U.S. Estate and Generation Skipping Transfer Taxes
As is well known from the news media, the U.S. estate tax has been suspended for deaths occurring in calendar year 2010 – but it is also currently scheduled to again be effective for deaths occurring after calendar year 2010, … Read more »
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