President Barack Obama on Monday unveiled a fiscal 2016 budget blueprint that proposed to tax the $2 trillion in earnings held by American companies offshore as part of a set of revenue changes that would generally increase taxes on the wealthy and lower them for the middle class. His budget plan includes: A one time…
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Agostino & Associates – January Tax Newsletter – Civil Forfeiture & Valuation Issues
Agostino & Associates' January tax newsletter contains two articles: 1. Jeremy Klausner discusses the new IRS policy on civil forfeiture of structured funds. The new IRS policy regarding forfeitures seems to indicate that the government will no longer seek to forfeit legitimate source funds that are involved in structuring. The open questions, however,are how this…
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