Self-Dealing Exception During Administration of Estate or Revocable Trust... [ read ]
Where a private foundation has an interest expectancy in property held in an estate or trust, any transaction involving such property and a disqualified person is indirect self-dealing and the self-dealing taxes may be imposed on such transactions. However, there is an exception for transactions occurring during the administration of an estate or revocable trust.
The Art of IRS Penalty Defens...
Joel Crouch was a speaker at a tax conference in Lufkin sponsored by First State Bank and Trust. Mr. Crouch's topic was "The Art of IRS Penalty Defense". Mr. Crouch made the same presentation to the Dallas chapter of the American Association of Attorney-CPAs. A copy of the outline from the presentations is at the following link The Art of IRS Penalty Defense.
The Perfect Storm: Has the Tide Turned Against Offshore Tax Evasion?... [ read ]
The government is building momentum in its effort to turn the tide against offshore tax evasion. With the fall of Swiss bank secrecy, the rise of the Foreign Account Tax Compliance Act ("FATCA"), and an increasingly global push for cross-border transparency, we are truly entering a new era: an era marked by international cooperation. The government, with its net now cast wider than ever, is poised to haul in a big catch.
