Obama's 2013 Budget proposes tax on excess reinsurance premiums to offshore affiliates again *

USA - February 15 2012
President Obama’s recently released Budget of the U.S. Government for the Fiscal Year 2013 (the “Proposed 2013 Budget”) would disallow the current deduction for non-taxed reinsurance premiums paid to foreign-affiliates by U.S. insurance companies.

Co-authors: Rebecca Kunzendorf .

Client advisory - taxation of carried interest legislation nears enactment *

USA - May 24 2010
The movement to tax a "carried interest" as ordinary income is nearing the finish line.

Co-authors: Karl P. Fryzel, Kathryn H. Galbraith Day.

Special procedure for filing delinquent foreign bank and financial account reporting requirements due September 23, 2009 *

USA - September 14 2009
September 23rd is the filing deadline for certain delinquent Report of Foreign Bank and Financial Accounts ("FBARs"), Treasury Form TD F 90-22.

Co-authors: Steven L. Paul, Karl P. Fryzel, G. Scott Nebergall, Nicholas V. Romanos.

Closing in on taxation of carried interest *

USA - May 13 2009
The movement to treat "carried interest" as compensation income continues to gather momentum.

Co-authors: Steven L. Paul, Karl P. Fryzel, G. Scott Nebergall, Nicholas V. Romanos.