On June 25, 2014, the Internal Revenue Service released long-awaited instructions to Form W-8BEN-E, used by foreign entities to document their status under the Foreign Account Tax Compliance Act of the Internal Revenue Code.
On Sept. 19, 2015, the Internal Revenue Service issued new guidance, which changes how distributions from qualified retirement plans to multiple destinations will be treated when it comes to allocating pre-tax and after-tax amounts....More
Although only 3,164, or 14.2 percent of the 2012 gift tax returns were audited, many professionals expect the IRS to step up its audit efforts during the next few years based on the IRS’ goal to increase its income....More
On June 25, 2014, the Internal Revenue Service released long-awaited instructions to Form W-8BEN-E, used by foreign entities to document their status under the Foreign Account Tax Compliance Act of the Internal Revenue Code....More
The Internal Revenue Service released new procedures regarding their offshore voluntary disclosure program that take effect on July 1, 2014. This is an important development for taxpayers who’ve fallen into non-compliance not out of willfulness, but instead through lack of care or attention or through simple ignorance....More
An increasing number of families in recent years have been investing in the renovation of their homes, but too many do not fully appreciate the range of risks involved – from unreliable contractors and worksite injuries to property loss, lawsuits, and family safety threats....More
Many financial advisors focus on the key baby boomer segment that is approaching retirement. With one of the largest transfers of wealth in history expected to occur over the coming decades and technology playing a larger economic role, successful advisors are looking for ways to work with younger investors....More