FBAR filings - reminder and updates *

USA - June 20 2011
On Friday, June 17, 2011, FinCEN announced, in Notice 2011-2, a one-year extension, until June 30, 2012, of the FBAR filing date applicable to officers and employees of an SEC registered investment advisor who have signature or other authority over, but no financial interest in, a foreign financial account of a person that is not an investment company registered under the Investment Company Act of 1940.

Co-authors: David I. Shapiro.

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FBAR filings – reminder and updates *

USA - June 1 2011
U.S. persons required to file a Report of Foreign Bank and Financial Accounts (“FBAR”) should be aware that FBARs generally are due June 30, 2011 for both (i) 2010 and (ii) prior years for which the due date was extended under prior IRS guidance.

Co-authors: David I. Shapiro.

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Tax provisions in HIRE and health care legislation *

USA - March 24 2010
Included in the legislation coming out of Washington over the past week are a number of revenue raisers that will be of interest to the financial community, including banks, funds, investors, and investment professionals.

Co-authors: David I. Shapiro.

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Carried interest provisions and Foreign Account Tax Compliance Act proposed as offsets for Extenders Bill *

USA - December 8 2009
Yesterday, Representative Rangel of New York introduced the "Tax Extenders Act of 2009" (the "Bill") in the House.

Co-authors: David I. Shapiro.

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Recently introduced tax legislation of interest to funds and fund managers *

USA - October 30 2009
Earlier this week, the "Foreign Account Tax Compliance Act of 2009" (the "bill") was introduced in the Senate and the House.

Co-authors: David I. Shapiro.

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