I blogged recently about the fact that mounting court cases have given the stamp of approval for the Government to meet a lower “burden of proof” in demonstrating […]
FBAR “Willful” Penalty: Recent Case, Taxpayer “Charged With Knowledge”
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OOOPS! I Created a Foreign Trust (Part II)
Part I of this blog post set out the tax problems that arise when one has created a foreign trust with US beneficiaries. This Part II will probe […]
Section 965 “Transition Tax”: It’s Time to Pay the Piper
By now I suspect many of my readers have heard about (and are shedding tears over) new Internal Revenue Code Section 965, and the “deemed repatriation” or “transition […]
Americans Abroad – How to Cope With Tax Reform & Save for Education
President Trump’s tax reform was signed into law on December 22. My blog post last week detailed how the newly revised “kiddie tax” rules will take a big […]
IRS Special Webpage Exclusively Covers US Tax Reform
The IRS has created a very helpful special page dealing exclusively with US tax reform. You will find news releases and IRS statements, IRS Notices, FAQs and more. Major […]
Your Children and US Tax Reform – Tax, Tax, Tax the Kiddies!
Giving a significant amount of investment assets to one’s children used to be a popular tax strategy, since it permitted the income earned on the investment to be […]
Sharia Law and the Mortgage Interest Deduction (Part II)
Today’s blog post was written with the assistance of Daniel S. Eckenrode. Daniel received his JD and LLM in Taxation from Villanova University School of Law. He is […]
IRS On a Roll with Passport Denials and Revocations – $51,000 Covered!
Yesterday the Internal Revenue Service (IRS) “strongly encouraged” taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with […]
Sharia Law and the Mortgage Interest Deduction (Part I)
Today’s blog post was written with the assistance of Daniel S. Eckenrode. Daniel received his JD and LLM in Taxation from Villanova University School of Law. He is […]
Dangerous to be Estate Executor for Non-US Persons
Some of the tasks of the estate executor are to locate all of the estate’s assets and to ensure all relevant taxes are paid before making any distributions […]