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Results: 1-10 of 1,812

Supreme Court settles Fifth Amendment required records issue in context of offshore bank accounts

  • Baker & Hostetler LLP
  • -
  • USA
  • -
  • May 21 2013

On May 13, 2013, the Supreme Court denied a taxpayer's petition for certiorari regarding the Seventh Circuit's August 27, 2012, decision applying the

Government runs its record to 4-0 in compelling production of records of offshore bank accounts

  • Baker & Hostetler LLP
  • -
  • USA
  • -
  • May 21 2013

On February 7, 2013, the U.S. Court of Appeals for the Eleventh Circuit joined "the three of our sister circuits that have considered the same issue

U.S. Senate committee criticizes Apple, Inc. offshore tax practices relationship to “Swiss principal” structures

  • Kurtin PLLC
  • -
  • Ireland, Switzerland, USA
  • -
  • May 21 2013

On May 20, 2013, the U.S. Senate Permanent Subcommittee on Investigations published a memorandum criticizing the practices of consumer electronics

Indian American neurosurgeon sentenced to probation for unreported offshore bank accounts

  • Baker & Hostetler LLP
  • -
  • USA
  • -
  • May 21 2013

On February 1, 2013, the U.S. District Court for the Eastern District of Wisconsin sentenced Arvind Ahuja, a Milwaukee neurosurgeon, to serve three

Private letter ruling suggests that assets held in a grantor trust and not included in grantor’s estate may nevertheless receive a basis increase

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • May 20 2013

In PLR 201245006, the IRS addressed a question that has been puzzling tax advisors for years. A person who was not a citizen or resident of the

Recent trial victory provides important guidance for Ohio trustees

  • Vorys Sater Seymour and Pease LLP
  • -
  • USA
  • -
  • May 20 2013

National City Bank, which is now a part of PNC Bank, National Association, had been the trustee of an irrevocable trust for over 50 years. The primary

Tax Court allows some discount in valuing fractional interests in works of art

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • May 20 2013

In Elkins v. Commissioner (Tax Court, March 11, 2013), the decedent had owned an art collection consisting of 64 pieces, some of which were paintings

President’s fiscal year 2014 budget contains numerous tax provisions

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • May 20 2013

President Barack Obama released his proposed budget for the government's fiscal year 2014 on April 10, 2013, and, not surprisingly, the budget

Repeal of Indiana Inheritance Tax

  • Taft Stettinius & Hollister LLP
  • -
  • USA
  • -
  • May 17 2013

For decedents dying after December 31, 2012, their estates will no longer be required to pay the Indiana Inheritance Tax that was previously imposed

How is an Illinois trust now like a fine wine? It can be decanted: a summary of the new Illinois decanting statute

  • Bryan Cave LLP
  • -
  • USA
  • -
  • May 16 2013

Effective January 1, 2013, Illinois statute authorizes "decanting" of irrevocable trusts. What is decanting, you ask? Isn't that something you do