Under the check the box rules, entities owned by one person can often be disregarded for federal tax purposes. Such entities are referred to as "disregarded entities." As time has progressed since the passage of the check the box rules, the IRS has created more and more exceptions to the disregarded treatment. For example, disregarded…
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Are FBAR and FATCA requirements keeping you up at night?
We have simplified it; here is what lies ahead as it relates to FATCA implemtation over the next 5 years: If you have any questions regarding FATCA or Unreported Offshore Income, contact the Tax Lawyers at Marini & Associates, P.A. for a FREE Tax Consultation at www.TaxAid.us or www.TaxLaw.ms or Toll Free at 888-8TaxAid (888 882-9243). For…
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IRS Seizures Did Not Always Comply with Law
The Internal Revenue Service did not always comply with statutory requirements when conducting seizures of taxpayer property, according to a new report that found a handful of instances of such violations. The report, released Monday by the Treasury Inspector General for Tax Administration, did not identify any instances in which taxpayers were adversely affected by…
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Netherlands – changes in legal framework on Dutch BVs
Introduction of the “Flex BV” With effect from October 1, 2012 new rules will come into force in the Netherlands regarding the incorporation and daily management of Dutch BVs. The new rules are aimed at providing greater flexibility in the set up and day to day management of BVs. This flash email provides you with…
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