Many businesses establish insurance companies to primarily insure some of the business risks of the parent company or its operating subsidiaries. Thes...
New Streamlined Procedure for Certain De Minimus FBAR Violations
U.S. taxpayers living abroad are subject to annual U.S. filing obligations and are liable to substantial financial penalties if they fail to comply. ...
Do You Know the Difference Between Medicare and Medicaid?
It’s amazing how many advisors don’t clearly understand the difference between Medicare and Medicaid. Maybe you’re one of them or ...
End of the Year Tax Planning
President Barack Obama’s reelection to another four-year term sets the stage for a broad and significant impact on tax professionals, financial ...
Medicare Class Action to Provide Help
On October 22, 2012, the New York Times reported that the federal government had reached a settlement in a Maine class action case that should have a ...
Health Crisis Can Cost Clients
Let me know if this sounds familiar. You have a long-time client who you’ve worked with for several years. Maybe you’ve help them invest their...
Did Romney Have Offshore Bank Accounts?
I, like so many of you, have listened to the recent national campaign rhetoric and finally decided to take a look at both President Obama’s and Mitt...
Planning Before Year-End
Now’s the time to revisit those planning “Resolutions” made at the New Year As we rang in the New Year at the beginning of 2012, the federal est...
International Expansion of LLCs – SVG and Nevis Deliver
By Jim Duggan, JD As the offshore planning world turns, the limited liability company (“LLC”) is starting to appear with greater frequency as an a...
Foreign Bank Account Reporting Deadline Looming, No Extensions Granted?
WHAT IS MY DEADLINE FOR FILING? If you are a U.S. Citizen, Green Card Holder, Certified Resident or certain...