On April 12, 2022, the Internal Revenue Service announced that starting this month, it will send letters to taxpayers requesting that they take corrective actions related to the reporting of investments in qualified...more
4/21/2022
/ Capital Gains ,
Corrective Actions ,
Enforcement Priorities ,
Income Taxes ,
IRS ,
Noncompliance ,
Opportunity Zones ,
Qualified Opportunity Funds ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
Tax Liability ,
Tax Planning ,
Tax Returns
The Internal Revenue Service ("IRS") announced that as soon as it reopens its collection and examination functions on July 15, it will immediately begin the examination of hundreds of high-income individuals and private...more
7/13/2020
/ Closely Held Businesses ,
Estate Planning ,
Estate Tax ,
High Net-Worth ,
IRS ,
Partnerships ,
Private Foundations ,
Tax Audits ,
Tax Liability ,
Tax Planning ,
Trusts ,
Wealth Management
On March 13, 2018, the Internal Revenue Service ("IRS") announced that the Offshore Voluntary Disclosure Program ("OVDP") will end on September 28, 2018. The program has allowed taxpayers to avoid criminal prosecution by...more
Hackers leaked approximately 13.4 million confidential client documents from Appleby, Estera, and Asiaciti Trust to the International Consortium of Investigative Journalists....more
12/1/2017
/ Common Reporting Standard (CRS) ,
Customer Due Diligence (CDD) ,
Disclosure Requirements ,
FATCA ,
Financial Institutions ,
IRS ,
Leaked Information ,
OECD ,
Offshore Funds ,
Paradise Papers ,
Popular ,
Recordkeeping Requirements ,
Tax Planning