Are Hedge Funds and Private Equity Funds Foreign Financial Accounts
Article:
This item discusses whether investments in or management of hedge funds and private equity funds should be included within the scope of the FBAR filing requirements
Published on April 17, 2012
Treatment of Investment Interest Expense Allocable to Partnerships Trading Activity
Article:
IRS rulings confirm the proper tax treatment of investment interest expense allocable to a partnership's trading activity
Published on March 11, 2011
Corporate Financing Companies Treatment of Losses
Article:
Financial blocker entities are used as a mechanism to prevent funds from potentially being engaged in a U.S. trade or business
Published on August 31, 2012
No Reasonable Cause for $3.4 Million Omission from Income
Article:
The Tax Court held that a taxpayer did not have reasonable cause for omitting from income $3.4 million from the termination of a swap transaction that was reported to him on a Form 1099.
Published on January 13, 2012
The Next Case of Madoff Disease
Article:
When clients rely on just the word-of-mouth reputations of investment professionals within their social groups, they miss out on the healthy skepticism and due diligence exercised by an advanced planning group. A referral from a successful friend may be a great place to start, but it’s only a start.
Published on January 28, 2011
FATCA Should U.S. Financial Institutions Be Concerned
Article:
The Foreign Account Tax Compliance Act requires foreign financial institutions to identify U.S. account holders and reveal details about their accounts to the IRS.
Published on October 05, 2010
Dodd-Frank Financial Reform Bill
Article:
Blake Christian
Published on January 28, 2011
The Dodd-Frank Act and You
Article:
Its effects on financial advisors.
Published on January 28, 2011
Foreign Corporations Investing in Partnerships Common Branch Profits Tax Issues
Article:
Highlights of the tax compliance challenges that often arise as a result of U.S. branch profits tax exposure.
Published on April 30, 2013
IRS Focuses on the FBAR
Article:
FBAR has graduated from a little-known filing requirement to a priority issue that should be at the top of every tax return preparer’s checklist.
Published on January 28, 2011
Inside Information
Newsletter:
Bob Vere's Inside Information
Published on May 13, 2013
Partners Income Allocations and the New Net Investment Income Tax
Article:
The health care acts, along with recently issued Treasury guidance on the applicability of the additional Medicare tax, may prompt partnerships to reevaluate the potential tax impact of the partnership's structure on their individual partners.
Published on February 28, 2013
FBAR Handle With Care
Article:
Failing to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), can result in severe civil and/or criminal penalties.
Published on May 16, 2012
Effects of Emergency Economic Stabilization Act Provisions on Individuals
Article:
The Emergency Economic Stabilization Act of 2008 provides alternative minimum tax (AMT) relief, energy tax credits, and disaster relief for individuals. It also extends the availability of the exclusion from gross income of discharges of qualifying mortgage debt and several other provisions affecting individuals that had expired at the end
Published on April 19, 2010
Current Leading Practices for Structuring the Family Office
Article:
This article explores certain structural attributes of the family office in an attempt to identify some leading practices for families (and their advisers). These structural attributes are organized into four categories: (1) ownership and governance, (2) scope of services provided, (3) capital structure and funding, and (4) entity selection and
Published on April 17, 2012