No Springing in Spring
You may have heard of a “springing” powers of attorney (POA), which is a POA that “springs” into effect when you become incapacitated. This type of POA literally “springs” to...
You may have heard of a “springing” powers of attorney (POA), which is a POA that “springs” into effect when you become incapacitated. This type of POA literally “springs” to...
...which the IRS has filed a Notice of Federal Tax Lien and the period to challenge it has expired or the IRS has issued a levy. Before denying a passport...
We have recently published the below article in Money Life, a weekly online finance magazine. https://www.moneylife.in/article/make-sure-you-have-filed-fatca-compliance-certifications/56190.html Many Indian banks and financial institutions have in recent years been requesting customers to...
Enacted legislation requires the New Jersey Division of Taxation to establish a 90-day state tax amnesty period that ends no later than January 15, 2019. The Legislature had previously passed...
...charitable gifts. If you’re in such a scenario, then perhaps the most valuable year-end tax planning strategy is to accelerate charitable contributions before the end of 2018. One of the...
...of federal tax lien has been filed and all administrative remedies under IRC § 6320 have lapsed or been exhausted or IRS Levy has been issued Thus, you will not...
...guidance, and may not be appropriate, applicable or necessary for every audit. Auditors should use discretion, in consultation with their supervisors when needed, when deciding which techniques should be used...
...with the developments that have taken place since the launch of the Economic and Financial Partnership and look forward to continued engagement in an effort to strengthen our relationship, our...
...intended to reach assets for which there was no underreported tax liabilities even if the assets were omitted from the FBAR or Form 8938.” This revision would ensure that the...
...permanent U.S. resident, kept between approximately $4,000,000 and $7,500,000 in assets in two bank accounts with UBS from at least 2002 through 2007. March 18, 2014 — California attorney Christopher...
...previously been contacted regarding an income tax examination or a request for delinquent returns for the years for which the delinquent FBARs are submitted. You must include “a statement explaining...
...by Americans through financial entities of other countries. FATCA is a U.S. law which seeks to facilitate flow of financial information. FATCA requires Indian banks to reveal account information of...