High-Net Worth Individuals »
High net worth individuals often have variety tax situations that require specific planning. Covering estate planning and charitable giving to closely-held businesses and foreign bank accounts, this collection of information provides valuable insight that allows you to make an informed decision.
The Buffett Rule: Fairness among Millionaires
The White House National Economic Council released The Buffett Rule: A Basic Principle of Tax Fairness providing support for President Obama’s tax proposal to apply a minimum tax upon millionaires. The proposed rule, named
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California Millionaires Could Pay Almost 55 Percent in Income Taxes
The Federal government and many states are looking to America’s richest to help alleviate the many budget deficits. If President Obama’s proposed budget and California’s Millionaires Tax initiative are passed California’s highest earners could
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FATCA gets new set of proposed regulations
The U.S. Department of Treasury and the Internal Revenue Service (IRS) has issued another set of proposed regulations implementing the reporting and withholding requirements under the Foreign Account Tax Compliance Act or FATCA. In
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U.S. indicts Swiss Bank, Wegelin, for aiding in tax evasion
The United States Department of Justice announced Thursday an indictment against Wegelin and three of the banks’ client advisors. Wegelin is the first Swiss lender to face criminal charges by the U.S. The 271
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State of the Union Part 3: Obama’s Buffett Rule
This is the last part of TaxTV’s analysis of President Obama’s fourth State of the Union address. A consistent theme throughout the President’s speech was fairness, and a significant portion of his fairness argument
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Tax Court Finds Offshore Portfolio Investment Strategy Lacks Economic
The U.S Tax Court, in a decision by Judge Kroupa, found the Offshore Portfolio Investment Strategy (OPIS) transaction lacked economic substance in Blum v Commissioner, T.C. Memo 2012-16 and held the parties responsible for
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