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Results: 1-10 of 11

Third U.S. offshore VDP

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • January 29 2013

On January 9, 2012, the IRS announced the reopening of its offshore voluntary disclosure program (now in its third iteration) to assist people who

US citizens abroad: new filing procedure and OVDP FAQs

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • August 20 2012

On June 26, 2012, the IRS announced a new compliance procedure for certain US taxpayers living abroad who have failed to timely file US federal income tax returns or reports of foreign bank and financial accounts (FBARs), form TD F 90-22.1

IRS guidance for U.S. citizens living abroad

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • December 13 2011

A recently released Internal Revenue Service (IRS) Fact Sheet (FS-2011-13, December 2011) provides guidance to U.S. citizens residing outside the U.S. who have failed to file U.S. tax returns and information reports, including the Report of Foreign Bank and Financial Accounts (FBARs

The nuts and bolts of New York’s 548-day rule

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • March 4 2011

Last November we used this column to discuss a recent Tax Appeals Tribunal decision in Matter of Robertson and the importance of that decision for tax practitioners engaged in New York residency audits and the (often frustrating) exercise of day counts

2011 offshore voluntary disclosure initiative

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • February 9 2011

On February 8, 2011, IRS Commissioner Douglas Shulman announced that the IRS is implementing a second offshore voluntary disclosure program

New tax bill extends current rates, increases estate tax exemption

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • December 17 2010

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 into law

Changes to the New York State Power of Attorney Law and statutory forms

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • September 16 2010

Powers of attorney are an effective and frequently used tool in many areas of the law, particularly with elder and estate planning

2010-2011 New York state budget

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • August 19 2010

On August 4, 2010, the New York State legislature finally finished its work on the 2010-2011 New York State budget, making this the second latest budget in history

US estate tax repeal

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • April 20 2010

The US Congress allowed the federal estate tax to expire on January 1, 2010

Pending legislation could limit popular estate planning technique

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • March 26 2010

On March 26, 2010, the House of Representatives passed a bill that would drastically reduce the effectiveness of a popular and successful estate planning technique known as a short-term grantor retained annuity trust, or GRAT