It is well known in the international tax forums that US citizens tax planning is an impossible mission.
As reported in the LA Times: Facebook’s Eduardo Saverin gives up citizenship: Shrewd tax move?
“Here’s a tax tip for Mark … Read More
As a reminder of the Internal Revenue Code (“IRC”) § 6048(a), the 2011–2012 Priority Guidance Plan of the US Tax office focuses again on the reporting requirements for foreign trusts.
The IRC Code § 6048(a) imposes a duty upon the … Read More
IRS Warns of Deadline for Disclosing Offshore Accounts
The IRS warned US taxpayers that if they are hiding income in undisclosed offshore accounts, time is running out for them to take advantage of its second special Voluntary Disclosure Initiative … Read More
How far can the US and the EU governments go to increase taxes and social security charges on wages?. With the purpose of balance their budgets, we believe that higher taxes on employment are suffocating the real economy and the
The American Institute of Certified Public Accountants told members of Congress recently they should repeal the section of the new health care law that requires businesses to report to the Internal Revenue Service any purchase from a vendor of goods … Read More