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Monthly Archive for: ‘June, 2014’

IRS Expands Offshore Amnesty for Taxpayers Living in the U.S. and Abroad

The Internal Revenue Service just announced the expansion of a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed offshore income or activities get current with their taxes and informational reporting obligations. Since 2009, over 45,000 tax payers and 100 foreign banks have come forward under the 2009, 2011 and 2012 […]

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How the Clintons Use Trusts to Reduce Estate Taxes

My graduate tax students and those who have attended my professional seminars all know I like to say that there are as many types of Trusts as there are different automobiles, from race cars, to luxury sedans to monster trucks, etc., etc. In fact, asset protection, tax and estate planning attorneys choose from a huge menu of Trusts when equipping […]

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