As the recent case of Estate of Jack Willard Williams1 demonstrates, the Internal Revenue Service continues to monitor partnerships aggressively and carefully. Failure to structure partnerships correctly and administer them consistently with the...
(Bloomberg) -- Seventeen percent of Americans over the age of 65, or 6.8 million people, have been taken advantage of financially through high fees, inappropriate investments or outright fraud, according to a new survey...
The prevalence of offshore asset protection trusts has left many professionals unprepared to manage the IRS reporting requirements for these structures. While properly implemented offshore trusts are tax-neutral, mistakes can lead to enormous...