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Results: 1-10 of 61

New expatriation legislation passed unanimously by Congress and signed by President
  • Katten Muchin Rosenman LLP
  • USA
  • June 20 2008

On June 17, 2008 President Bush signed new expatriation legislation unanimously passed by Congress as part of the Heroes Earnings Assistance and Relief Tax Act of 2008 (H.R. 6081) (the “Heroes Act”


Payment on grandfathered 457A deferrals can be extended through 2017
  • Katten Muchin Rosenman LLP
  • USA
  • November 11 2008

Section 457A of the Internal Revenue Code (the “Code”), which was part of the Emergency Economic Stabilization Act of 2008, effectively eliminated an investment manager’s ability to defer its receipt of fees from an offshore fund by preventing tax deferrals of income from an offshore fund for services performed after December 31, 2008


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


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


Treasury, IRS issue proposed regulations and guidance addressing FBAR reporting requirements for retirement plans
  • Katten Muchin Rosenman LLP
  • USA
  • March 5 2010

At the end of February, the Financial Crimes Enforcement Network (FinCEN) bureau of the U.S. Department of the Treasury issued proposed amendments to the Bank Secrecy Act regulations governing Reports of Foreign Bank and Financial Accounts, commonly referred to as “FBAR.”


New FBAR Guidance and Proposed Regulations Issued
  • Katten Muchin Rosenman LLP
  • USA
  • March 4 2010

The IRS recently issued important guidance (Notice 2010-23 and Announcement 2010-16) concerning the FBAR filing requirements for individuals and fund managers


HIRE Act affects foreign trusts and imposes additional requirements on U.S. persons with foreign accounts
  • Katten Muchin Rosenman LLP
  • USA
  • March 22 2010

On March 18, President Obama signed the Hiring Incentives to Restore Employment Act (H.R. 2847) (the “Act”), which includes several unrelated revenue raising provisions affecting foreign entities and individuals with certain foreign assets that were originally proposed as part of the Foreign Account Tax Compliance Act of 2009


New HIRE Act will impact foreign investment vehicles
  • Katten Muchin Rosenman LLP
  • USA
  • March 24 2010

On March 18, President Obama signed the Hiring Incentives to Restore Employment Act (the "Act"


2009 year-end estate planning advisory
  • Katten Muchin Rosenman LLP
  • USA
  • December 3 2009

The year 2009 was marked by many changes affecting estate planning and related areas on the local, national and international levels, against a backdrop of continuing uncertainty as to howor ifthe federal estate and gift tax applicable exclusion amounts and rates may change for 2010


House bill includes provisions to tax carried interest as ordinary income; requires disclosure by offshore funds of U.S. investors
  • Katten Muchin Rosenman LLP
  • USA
  • December 11 2009

The House of Representatives approved the Tax Extenders Act of 2009 (the Bill) on December 9, which will now move to the Senate for consideration