15 Feb 2011 | Uncategorized
The IRS is offering people with undisclosed income from offshore accounts an opportunity to participate in a new, voluntary disclosure initiative in order to get current on their tax returns. The 2011 Offshore Voluntary Disclosure Initiative (OVDI) will be available...
11 Feb 2011 | Uncategorized
Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts is due every year on June 30, with no extensions possible. This form needs to be completed if the total combined value of all of your accounts outside of the United States exceeded $10,000 at any point...
5 Jan 2011 | Uncategorized
Just a short reminder that the final 2010 Estimated Tax Payment is due January 18, 2011 (since January 15 falls on a Saturday and Monday, January 17 is a public holiday in the US). To avoid (further) penalties for underpayment of estimated tax, in general, by January...
26 Dec 2010 | Uncategorized
A fairly common tax planning tip is to try to net out your capital gains and losses at the end of the year, so that (ideally) you do not have a “net” taxable gain, especially not a net short-term capital gain since this would be taxed as ordinary income...
13 Jul 2010 | Uncategorized
If you have stock options that have vested, or will vest in 2010, you may be tempted to exercise these options in 2010 since the top US tax rate is 35%, rather than wait until 2011, when the top tax rate is potentially going to increase to 39.6% Conventional advisors...
9 Feb 2010 | Uncategorized
Interesting article from FA Magazine. For the link to the original article Click Here. Swiss Ruling No Help To Foreign Account Holders (January 27, 2010) (Dow Jones) It may seem like a big win for U.S. taxpayers, but a new Swiss court ruling in the UBS AG tax evasion...
