Managers of Wealth Americas

CARES Act Increases Business Tax Incentives for Charitable Gifts

Changes apply to donations of cash and food inventory.

Tax executives: Response to COVID-19

Cash flow, costs, and efficiency

CRA claiming $4.4B from Canadian companies and individuals suspected of tax evasion

The $4.4 billion is far from won for Canada’s tax agency. Tax evasion cases often lead to notoriously long and difficult court fights for the CRA

Bank Hapoalim to Pay $874 Million to Settle U.S. Tax Charges

As part of the tax-evasion settlement, Bank Hapoalim B.M. admitted the firm conspired with U.S. taxpayers

Wealthy Move Their Money To Tax Havens

"This has been a resounding success that has far exceeded our plans," said Sergio Ermotti, the bank's CEO, addressing asset management inflows.

IRS Rules Make Nonprofits’ Offshore Tax Strategy ‘Bullet-Proof’

Many nonprofits invest cash in offshore intermediaries

Russ Prince: Rich Dodge All Taxes By Being Perpetual Tourists

The situation becomes somewhat more complicated when the wealthy perpetual tourist seeks to manage his or her business enterprises and at the same time ensure a high-intensity lifestyle.

Private client considerations: Expanded tax deductions for your interest expense payments with the CARES Act

The benefit of this change is that taxpayers may be able to deduct more interest expense in 2019 and 2020

COVID-19 remote work arrangements may have state tax implications for employers

Employers are generally required to withhold employment taxes for their employees in jurisdictions where they are doing business.

World Tax Advisor, featuring special COVID-19 section

These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.

US federal and state income tax compliance adjustments in the wake of the coronavirus pandemic

The amnesty, as drafted, does not apply to any other taxes, so gift, estate, and excise tax deadlines remain unchanged.

World Tax Advisor, featuring special COVID-19 section

These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.

24 Tax Scams to Watch Out For

The scams can be simple or extremely elaborate.

IRS Delays Tax Filing Deadline to July 15

Treasury Secretary Steven Mnuchin announced that taxpayers will get a three-month reprieve to file their 2019 federal income tax returns as part of the federal government’s coronavirus response.

Taxes May Be a Bigger Deal Than Alpha, This Fund Manager Says

Few people think to look at the impact of capital gains on their mutual funds

IRS Gives Big Tax Reporting Break To Foreign Trusts

It seems particularly aggravating that many legitimate foreign pension and retirement plans and trusts are caught within the same rules, even perfectly legitimate programs you may have participated in while you were working overseas.

IRS Gives Big Tax Reporting Break To Foreign Trusts

But the penalties can be much worse if you acted in ways that look willful to the IRS.

Four tricks the wealthy use to reduce taxes that ordinary Canadians can try, too

You don’t have to be in the 1% to incorporate these tried and true tax strategies into your own planning

Walgreens CEO Favors Trio of Tax Havens for $10 Billion Fortune

The disclosures illustrate the lengths many of the world’s richest people go to manage and protect their wealth.

Potential Problems For Clients Fleeing High-Tax States

Wealthy taxpayers in high-tax states are considering moves to Arizona, Florida, Texas, Nevada or Tennessee, among others.