U.S. 10% Shareholder Taxpayers have a new Mandatory “Transition Tax”
U.S. 10% Shareholder Taxpayers have a new Mandatory “Transition Tax” – JD Supra. The “Tax Cuts and Jobs Act” (the “Act”) has a provision requiring U.S. Shareholder Taxpayers that own 10% or more of a Controlled Foreign Corporation (CFC) and other “Specified
- JD Supra
Forensic Accounting and Fraud Check-Ups
Forensic Accounting and Fraud Check-Ups – South Florida Legal Guide.
- Business Monday 2/5/18 - South Florida Legal Guide Supplement for the Miami Herald
Did FATCA Reporting help Catch Manafort and Gates?
Did FATCA Reporting help Catch Manafort and Gates?
- South Florida Legal Guide 2018 Annual Edition
Conflict of Interest: When professional judgement is compromised….
Conflict of Interest: When professional judgement is compromised…. JD Supra. Conflicts of interest can arise at any time during a professional engagement. According to the American Institute of Certified Public Accountants (AICPA), “A conflict of interest may occur if a
- JD Supra
The IRS’s ability to deny or revoke the Passports of Taxpayers with significant tax debts is one of the Most Serious Problems encountered by Taxpayers
The IRS’s ability to deny or revoke the Passports of Taxpayers with significant tax debts is one of the Most Serious Problems encountered by Taxpayers – JD Supra. The U.S Department of State is required to deny an individual’s passport
- JD Supra
BSA, FinCEN, Treasury and IRS Want to Know: Who is the Ultimate Beneficial Owner (UBO)?
BSA, FinCEN, Treasury and IRS Want to Know: Who is the Ultimate Beneficial Owner (UBO)? – JD Supra. There seems to be a convergence by the Financial Crimes Enforcement Networks (FinCEN), the Treasury Department and the IRS for determining “who is the
- JD Supra
Will the question for the Year 2017 be: Do you have Foreign Financial Accounts?
Will the question for the Year 2017 be: Do you have Foreign Financial Accounts? – Foodman CPAs & Advisors Since the Global Financial Crisis that began in 2007, domestic and international Taxpayers have been under increasing scrutiny. The financial system
Financial Planning Should Not be “UGH”
Financial Planning Should Not be “UGH” – South Florida Legal Guide.
- South Florida Legal Guide - Supplement for the Miami Herald Business Monday
Why are US Citizens Renouncing their Citizenship?
Why are US Citizens Renouncing their Citizenship? – JD Supra. A significant number of US Taxpayers living overseas have become “unbankable” where they live because of high account servicing costs for local banks (Foreign Financial Institutions – also known as
- JD Supra
Bitcoins and the IRS: Reporting and Storing
Bitcoins and the IRS: Reporting and Storing – JD Supra. Possession of virtual currency, also known as cryptocurrency, is legal in the U.S. as well as many other parts of the world. The most well-known form of virtual currency is
- JD Supra
Will Bankers = Law Enforcers on 5/11/18?
Will Bankers = Law Enforcers on 5/11/18? – JD Supra. On May 2016, FinCEN issued a “Fifth Pillar” of Customer Due Diligence (CDD) calling it the “CDD Rule”, which currently takes effect on May 11, 2018. The CDD Rule applies
- JD Supra
Many are now looking for IRS Guidance on Virtual Currency
Many are now looking for IRS Guidance on Virtual Currency – JD Supra. Due to its unprecedented level of value appreciation, Bitcoin investors, consumers and businesses are looking for IRS Guidance. IRS recognizes that “virtual currency” may be used to
- JD Supra