Best Practices for a Successful Busy Season
Are you ready to take advantage of the many new business and practice improvement possibilities that busy season offers? When I was in practice, this was actually my favorite time of year. By...
View ArticleAbusive Tax Shelters Again on the IRS “Dirty Dozen” List of Tax Scams for the...
IR-2015-19, Feb. 3, 2015 WASHINGTON — The Internal Revenue Service today said using abusive tax shelters and structures to avoid paying taxes continues to be a problem and remains on its annual list...
View ArticleHow to Prevent Acquisition Remorse
There are few things worse than making an expensive purchase that leaves you feeling dissatisfied on any level. Small expenditures risk little, so nothing ventured/nothing gained/nothing lost. But...
View ArticleRule 144: Selling Restricted and Control Securities
What Are Restricted and Control Securities? Restricted securities are securities acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer. Investors...
View ArticleThe benefits of captive insurance companies
For many years, large corporations in this country have enjoyed many benefits from operating their own captive insurance companies. Most were established to provide coverage where insurance was...
View ArticlePOST-LOI CHALLENGES IN M&A
Roadblocks to M&A have squashed many a nearly-closed deal. In fact, we always maintain the mantra that a deal ain’t done until the money’s in the bank. For most M&A advisors, getting to the...
View ArticleSEC Approves Regulation A+, Creating “Mini IPOs” for U.S. and Canadian Companies
On March 25, the SEC adopted new rules that update and expand Regulation A, an existing exemption from SEC registration for small companies seeking to raise money in the public markets. The new rules,...
View ArticleFBAR Reporting – IRS Streamlined Foreign Offshore Procedures
Eligibility for the Streamlined Foreign Offshore Procedures In addition to having to meet the general eligibility criteria described above, individual U.S. taxpayers, or estates of individual U.S....
View ArticleClik here to view.
AVOIDING THE TEMPTATION FOR EASY MONEY
Once your offering becomes effective and your share price begins to climb, a number of things can and will happen. First, you’ll likely begin to receive more exposure. More people will know about you,...
View ArticleCROWDFUNDING
Because of the nature of our business we’ve been giving keen attention to the crowdfunding market. In fact, we’re convinced that crowdfunding will fuel many more reverse mergers and APOs in the coming...
View ArticleWhat Is the Best Form of Property Ownership for Me?
In planning your estate, it is customary to consider wills and trusts (as well as intestacy) as a means of property distribution. As a matter of fact, the manner in which you hold title to your assets...
View ArticleWhat is the Foreign Account Tax Compliance Act?
FATCA is a law that requires participating foreign countries to provide the IRS with information regarding U.S. persons who have an interest in a financial account in those countries. Beginning in...
View ArticleWHAT IS THE IRS OFFSHORE VOLUNTARY DISCLOSURE INITIATIVE (OVDI) ABOUT?
The OVDI program is a way for taxpayers who failed to timely disclose their ownership interest or signature authority over foreign financial accounts and other assets as required by law to come into...
View ArticleWHAT IS THE IRS STREAMLINED PROGRAM ABOUT?
The IRS recognized that the Offshore Voluntary Disclosure Initiative was a one-size-fits-all program that was in many cases unfair and too harsh on taxpayers who did not willfully fail to file their...
View ArticleWHAT CAN HAPPEN IF I DECIDE NOT TO PARTICIPATE IN EITHER OFFSHORE PROGRAM?
The OVDI and Streamlined programs were designed to encourage taxpayers to voluntarily come forward to avoid substantial civil penalties and even criminal prosecution for their failure to file certain...
View ArticleA Portable Estate-Tax Break
You can’t take it with you, but it’s getting easier to leave it to your heirs. The IRS recently released final rules detailing a generous estate-and gift-tax break for married couples who don’t set up...
View ArticleBoeing Fights Retirement-Plan Class Action
On Wednesday, a federal judge will begin weighing whether BoeingCo. mishandled its 401(k) plan by offering imprudent investment options and allowing excessive fees to get passed on to employees. The...
View ArticleSEC Says Felon Defied Ban, Prepared Financial Statements for Companies
After embezzling millions from clients, snitching on mobsters and declining an offer to go into the witness-protection program, Stephen P. Corso six years ago swore to a federal judge that he would...
View ArticleChina’s Crash
After more than a decade of nearly can’t-miss growth, China’s stock market began a precipitous summer slide that has spooked investors worldwide. In July, the Shanghai composite index dropped 15...
View ArticleWhich Exit Plan is Best?
Selecting your business successor is a fundamental objective of planning an exit strategy and requires a careful assessment of what you want from the sale of your business and who can best give it to...
View Article