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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

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

Extension and new guidance for the voluntary disclosure initiative for undisclosed foreign assets

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 10 2011

On June 2, 2011, the IRS provided additional guidance regarding its 2011 offshore voluntary disclosure initiative (OVDI) in the form of revised frequently asked questions (FAQs

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

Project blue: a stamp duty land tax case that made headlines

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 14 2013

In July 2013, the Stamp Duty Land Tax (SDLT) case of Project Blue Ltd v. HM Revenue & Customs, concerning the high-profile development of Chelsea

2010 revisions to New York power of attorney statute take effect September 12

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 24 2010

New York has further amended its power of attorney statute to address some of the issues caused by the sweeping changes made to the statute, which went into effect on September 1, 2009

Grand jury indicts Swiss lawyer and banker in tax evasion scheme

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 26 2013

A New York federal grand jury recently indicted a Swiss lawyer and bank executive for their roles in allegedly assisting US citizens with hiding