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Results: 1-10 of 28

Form 8938 expansion of international tax reporting requirements

  • Venable LLP
  • -
  • USA
  • -
  • January 12 2012

The HIRE Act of 2010 enacted Section 6038D as part of the Foreign Account Tax Compliance Act

Unprecedented opportunity to make tax-free gifts in 2012

  • Venable LLP
  • -
  • USA
  • -
  • February 21 2012

The tax laws in place for 2012 are the most favorable they have ever been for wealthy individuals who would like to make gifts to their loved ones without paying any gift tax

Investments in private investment funds: subject to FBAR reporting by June 30, 2009 or not?

  • Venable LLP
  • -
  • USA
  • -
  • June 26 2009

For more than 30 years, US law has required all US persons who have a financial interest in, or signatory or other authority over, an offshore financial account where the amount exceeds $10,000 to file the US Treasury Department Form 90-22.1 (“FBAR”) with its office in Detroit, Michigan

GRAT swaps

  • Venable LLP
  • -
  • USA
  • -
  • March 23 2009

Given the decline in market values, we expect that many of the GRATs that were funded last year are "under water"

Increase in gifting and estate tax exemption amounts in 2009

  • Venable LLP
  • -
  • USA
  • -
  • March 23 2009

On January 1, 2009, the gift tax annual exclusion amount increased from $12,000 to $13,000

State estate tax for Maryland and DC taxpayers

  • Venable LLP
  • -
  • USA
  • -
  • March 23 2009

As we noted in our October 2008 newsletter, individuals living in Maryland and DC should review their estate plans this year

Federal estate tax legislation update

  • Venable LLP
  • -
  • USA
  • -
  • March 23 2009

As 2010 rapidly approaches, the future of the Federal estate and gift tax continues to be uncertain

Charitable giving with IRAs

  • Venable LLP
  • -
  • USA
  • -
  • March 23 2009

In 2006, Congress passed the Pension Protection Act of 2006

Planning to take advantage of lower interest rates

  • Venable LLP
  • -
  • USA
  • -
  • March 23 2009

When interest rates are historically low, as they are now, the potential for success of certain estate planning techniques increases

Navigating the new reporting requirements and penalties for holders of offshore bank accounts

  • Venable LLP
  • -
  • USA
  • -
  • March 19 2010

Holders of offshore bank accounts will soon be required to disclose additional information with their tax returns