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Results: 1-10 of 34

Estate planning after the fiscal cliff deal

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 16 2013

Now that a deal averting the fiscal cliff has finally been reached, many of the tax and planning issues that have been mired in uncertainty for the

IRS releases guidance on foreign financial asset reporting

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 1 2012

The Foreign Account Tax Compliance Act, enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act, requires certain individuals to file a statement with their United States income tax returns to report interests in “specified foreign financial assets” (SFFA) if the aggregate value of those assets exceeds specific thresholds

Offshore Voluntary Disclosure Program reopens

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 11 2012

The Internal Revenue Service recently reopened its Offshore Voluntary Disclosure Program (OVDP) in order to help people who have been hiding offshore accounts, or have become aware of their interests in and obligations with respect to such accounts, become current with their taxes

Estate planning opportunities arising from recent landmark Supreme Court decisions concerning marriages of same-sex couples

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 28 2013

On June 26, 2013, the US Supreme Court (the "Supreme Court") struck down Section 3 of the federal Defense of Marriage Act (DOMA) as unconstitutional

Proposed Stop Tax Haven Abuse Act

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 13 2009

On March 2, Senators Levin, Whitehouse, McCaskill and Nelson introduced the Stop Tax Haven Abuse Act bill, an earlier version of which was introduced by Senator Levin, then Senator Obama and others in February 2007

Estate planning opportunities arising from recent revenue ruling concerning marriages of same-sex couples

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 3 2013

On August 29, 2013, the US Department of the Treasury ("Treasury") and the Internal Revenue Service (IRS) issued Revenue Ruling 2013-17 (the

Cloud over economy creates estate planning silver lining

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 7 2008

Interest rates are nearing historic lows, which creates unique estate planning opportunities, as investment returns merely have to outperform these new low rates in order to provide estate planning benefits

Cayman Islands to enter into a model 1 IGA

  • Katten Muchin Rosenman LLP
  • -
  • Cayman Islands, USA
  • -
  • March 22 2013

The Cayman Islands announced on March 15 that it intends to enter into a Model 1 Intergovernmental Agreement (IGA) with the Internal Revenue Service

2008 year-end estate planning advisory

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • December 2 2008

In 2008 there were many developments legislative, regulatory, case law and economic that affect estate planning and related areas on the national, local and international levels

Foreign Account Tax Compliance Act of 2009 would require additional disclosure by offshore private funds and their advisors

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • November 6 2009

Representative Charles Rangel and Senators Max Baucus, Richard Neal and John Kerry introduced the Foreign Account Tax Compliance Act of 2009 (Bill) in Congress, which would require U.S. withholding agents to withhold tax on payments of income from U.S. financial assets to “foreign financial institutions” unless such foreign financial institutions comply with certain disclosure obligations; require additional disclosure by U.S. persons with interests in foreign entities, accounts, and passive foreign investment companies; and require disclosure by any advisor who receives more than $100,000 in compensation for aiding a U.S. person in establishing a foreign entity or investing in foreign financial assets, or face penalties