Resources

Content Type

Author

Year

3/2011

IRS Announces 2011 Offshore Voluntary Disclosure Initiative

March 3, 2011

The Internal Revenue Service (IRS) has announced a 2011 Offshore Voluntary Disclosure Initiative, available until August 31 2011. The previous initiative closed on October 15 2009 with 15,000 voluntary disclosures…

US Treasury Department Publishes Final Rule for Foreign Bank Account Reports

March 3, 2011

US persons with financial interests in, or signature (or other authority) over, foreign bank accounts, securities accounts and other financial accounts are required to report such interests on Form TD…

2/2011

US Estate, Gift and Generation-Skipping Transfer Tax Laws Effective 2010-2012

February 1, 2011

W hen the 2010 New Year dawned it was the first year since 1916 that the United States had no estate tax. February 2011. Download…

1/2011

Tax Relief Act, Reporting Requirements and Planning for use of Foreign Trust Property

January 6, 2011

The Tax Relief, Unemployment Insurance Reauthorisation and Job Creation Act 2010 was signed into law on December 17 2010. The Tax Relief Act changes the estate and gift tax laws…

Bilateral Investment Treaties

January 1, 2011

Rashad Wareh presents the use of bilateral investment treaties to provide remedy against expropriation of family businesses at STEP 2011 Meeting.…

11/2010

SEC Proposed Family Office Comments

November 18, 2010

Comments to Investment Advisors Act Release No. IA-3098 requesting comments on proposed rule 202(a)(11)(G)-1 (the “Proposal” or “Proposed Rule”) under the Investment Advisers Act of 1940 (the “Advisers Act” or…

Corporate Governance

November 1, 2010

Rashad Wareh is Panelist on “Corporate Governance” at Columbia Business School in New York, NY…

SEC Issues Proposed Rule on Family Office Exclusion

November 1, 2010

Miles Padgett authors “SEC Issues Proposed Rule on Family Office Exclusion,” for the Trusts & Estates e-Newsletter, November 2010.…

10/2010

ACTEC Proposals Integrate Subchapter J, PFIC Regime for Foreign Trusts

October 11, 2010

In a June 23 memorandum to Treasury’s assistant secretary for tax policy, the American College of Trust and Estate Counsel (ACTEC) submitted proposals for future Treasury guidance coordinating the foreign…

Taxation of US Beneficiaries of Foreign Trusts Owning PFICs

October 7, 2010

For more than 20 years advisers to US beneficiaries of foreign non-grantor trusts have struggled with the US passive foreign investment corporation (PFIC) rules. October 7, 2010. Download…