Proskauer Rose LLP | USA | 5 Dec 2023
On January 1, 2021, Congress enacted the Corporate Transparency Act (the “CTA”) as part of the Anti-Money Laundering Act of 2020 in the National…
Proskauer Rose LLP | USA | 8 Dec 2021
Federal interest rates increased slightly for December of 2021 but remain fairly low historically. The December Section 7520 rate for use with estate…
Proskauer Rose LLP | USA | 11 Nov 2021
Federal interest rates increased slightly for November of 2021. The November applicable federal rate ("AFR") for use with a sale to a defective…
Proskauer Rose LLP | USA | 6 Oct 2021
Federal interest rates increased slightly for October of 2021. The October applicable federal rate ("AFR") for use with a sale to a defective grantor…
Proskauer Rose LLP | USA | 1 Sep 2021
Federal interest rates decreased slightly for September of 2021. The September applicable federal rate ("AFR") for use with a sale to a defective…
Proskauer Rose LLP | USA | 2 Mar 2020
Creating a grantor retained annuity trust (commonly referred to as a "GRAT") is a relatively simple way to transfer property to your children at…
Proskauer Rose LLP | USA | 1 Oct 2016
The October Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.6%, up 0.2% from September. The…
Proskauer Rose LLP | USA | 15 Nov 2012
The Fifth Circuit Court of Appeals reversed the district court's denial of the government's motion to compel production of foreign bank account records required to be kept under Treasury Department regulations by the target of a grand jury investigation (the "witness").
Proskauer Rose LLP | USA | 14 Sep 2011
The District Court of Appeal of Florida upheld an exception to the Florida homestead exemption in a case where a trustee/deceased husband of the defendant breached his fiduciary duty as trustee in California, and the defendant later used the proceeds resulting from this breach to purchase real property in Florida.
Proskauer Rose LLP | USA | 16 Apr 2010
The IRS has recently announced further guidance in the area of reporting non-U.S. bank and financial accounts.