Do You know that the US might have a Tax Sharing Information Agreement with your Country?

May 2017

The US has Tax treaties and Tax Information Exchange Agreements (TIEAs) with certain countries that provide, upon request, for the exchange of U.S. income information regarding their citizens or residents.  There are currently 43 countries on the list.  Exchange of

  • JD Supra

Traps for the Unwary: Are Financial Institution receiving adequate FATCA consulting and training?

May 2017

FATCA is Chapter 4 of the Internal Revenue Code (IRC).   It conscripts Foreign Financial Institutions (FFIs) to act as reporting and withholding agents for the U.S. Government.  To enforce its conscription, it contains a mechanism for financially penalizing FFIs that

  • JD Supra

US Banks wanting to be ahead of the FATCA game must master international tax compliance

May 2017

The terms FDAP (Fixed, Determinable Annual and Periodical Income) and ECI (Effectively Connected Income) are expansive terms. They are the backbone behind the tax withholding, and reporting requirements imposed on US Banks with respect to outbound payments. Many of the

  • JD Supra

The U.S. a tax haven? Could be questionable going forward given the new scrutiny of disregarded entities……

May 8, 2017

  • Miami Herald Business Monday - South Florida Legal Guide Supplement

Is the Perception That the US Continues to Be a Tax Haven a Reality?

April 26 2017

  • Daily Business Review

Debit cards, Offshore Funds and a John Doe Summons

April 2017

IRS remains committed to its priority efforts to stop offshore tax evasion wherever it occurs.  It pursues cases in all jurisdictions of the world.  Over the years, numerous individuals have been identified as evading US taxes by hiding income in

  • JD Supra

Colombia criminaliza la evasión fiscal

April 2017

El 12/29/2016, el Congreso de Colombia aprobó la “Ley 1819 de 2016”. La nueva legislación es una reforma tributaria estructural encaminada principalmente a aumentar los ingresos para Colombia. Colombia sufrió una pérdida de ingresos cuando los precios del petróleo se

  • JD Supra

Colombia criminalizes Tax Evasion

April 2017

On 12/29/2016, Colombia’s Congress approved “Law 1819 of 2016”.  The new legislation is a structural tax reform primarily aimed at increasing revenues for Colombia. Colombia suffered a loss of revenues when crude oil prices plummeted beginning in 2014. The loss

  • JD Supra

IRS Criminal Investigation Unit (IRS-CI) will find you!

February 2017

Due to the Foreign Account Tax Compliance Act (FATCA) and the work of IRS special agents, international tax transparency is here. There is virtually nowhere to hide.  On 1/18/17, the Department of Justice (DOJ) reported that three residents of Orange

  • JD Supra

When the Wall of Secrecy Collapses

February 2017

Foreign Accounts, Shell Companies, Blind Trusts, Asset Protection Trusts, Offshore Trusts, Global Citizenship and US Residency are just a few of the Terms highlighted in the mega divorce proceedings of a Palm Beach County couple -Sarah Pursglove versus Robert Oesterlund

  • JD Supra

Do You Know What an IRS Criminal Investigation is?

February 2016

The US taxes its citizens and permanent residents on their worldwide income regardless of where they live or how long they’ve lived outside of the US.  There is only one other country in the world that operates like the US

  • JD Supra

FBAR e IRPF AMERICANA EM SINCRONIA – AMBOS SÃO DEVIDOS A 18 DE ABRIL DE 2017!

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