If It’s Not One Thing, It’s Another
There is some evidence that PBJ is an effective way to deal with speeding tickets. That’s Probation Before Judgment” and not “Peanut Butter and Jelly.” A recent study in Maryland concluded that drivers who received a deferred disposition, as opposed to a conviction, were somewhat less likely to get another ticket. At the very least, […]
The Movers And Shakers For Corporate Tax Reform In the U.S.
Amy Sarfo of Law360 published a fascinating piece entitled, “11 Power Players In 2015 Business Tax Reform.” I’ve attached the article below: Momentum in Washington is growing behind the idea of a 2015 tax reform package, but lawmakers won’t be able to realize that possibility on such a tight deadline without a phalanx of power […]
What To Do Next After You’ve Been Pre-accepted Into OVDP
You’ve submitted your OVDP letter and attachments to the Voluntary Disclosure Coordinator and are reclining in your arm chair watching the “big game” while opening up the day’s mail. The upper left-hand corner of one of the envelopes in your pile is adorned with the IRS’s logo. You open it up. The letter is but […]
Is Making A ‘Quiet Disclosure’ In Today’s Environment A Smart Choice For A Foreign Taxpayer With An Undisclosed Foreign Account?
Raise Your Hands In The Air Like You Just Don’t Care
One of the classic Paper Chase cases, albeit from a different first-year course than the one that the late, great John Houseman taught, is 1891’s O’Brien v. Cunnard S.S. Co., Ltd. Mary O’Brien, an Irish immigrant on board a ship from Queenstown to Boston, held up her arm to be vaccinated against smallpox, a duty […]
Corporate Tax Reform: An Illusion or a Reality?
It has been a rallying cry that is as old as time and that rivals that of the standing ovation that the Rangers receive after scoring a power play goal: “Corporate tax in this country needs to be reformed.” Who is leading the charge? America’s chief executives. What is responsible for catapulting this into the […]
Man Caught Hiding Swiss Bank Accounts Becomes Latest Casualty Of Government’s Campaign to Root Out Tax Evasion
In a recent press release, the Department of Justice announced that a New York man pleaded guilty in the Eastern District of New York to a tax crime on February 18, 2015. The crime? None other than corruptly endeavoring to obstruct and impede the Internal Revenue Service. I know. It’s a mouthful. Below are snippets […]
How Do You Spell ‘Relief?’
This commercial always perplexed me as a child, because I was pretty sure that “relief” was not spelled as “r-o-l-a-i-d-s,” despite what the actors and TV announcers said. I finally took my concerns to my mother, because she always had all the answers. She assured me that I was right, and that the intentional misspelling […]
FATCA Brings End To Switzerland’s Time-honored Tradition of Bank Secrecy
Having trouble viewing this email?Click here WEBSITE FIRM OVERVIEW ATTORNEYS TAX SEMINARS TAX CHAT CONTACT February 26, 2015 The White Knight Chronicles Making Sense of the Model 2 FATCA Agreement Between Switzerland and the United States and What’s on the Horizon As you may have heard by now, Switzerland is in the process […]