Managers of Wealth Americas

Change in US tax treatment of alimony and its impact on divorce negotiation

The modification must expressly state that the TCJA’s amendments apply to the modified agreement.

IRS steps up war on captive insurance tax dodges

The IRS teams comprise employees from its large business, international and small business and self-employed divisions.

Despite US-French truce on DSTs, prospects for broader OECD tax pact remain uncertain

The result at the end of the week appeared to be a ratcheting down of tensions between the US and France

Despite US-French truce on DSTs, prospects for broader OECD tax pact remain uncertain

France implemented its tax last fall, retroactive to January 1, 2019

Ultra-wealthy worried about taxes as election nears

Survey Explores Trends and Challenges Facing Estate Planning Industry Including the Rise of the Single-Family Office

Tax implications of the new civil partnership status - Withers

Careful consideration should therefore also be given to whether it is advisable to enter into a pre- or post-civil partnership nuptial agreement before entering into a civil partnership

Outlook for Canada's venture capital market remains robust: KPMG in Canada

Canadian VC investment totalled US$1.17 billion in the fourth quarter

TFSA Pension: How to Turn $69,500 Into a Tax-Free Income Stream!

With that in mind, here’s a simple strategy to turn your TFSA into a tax-free personal pension.

Majority of Americans favor wealth tax on very rich: Reuters/Ipsos poll

Results were similar across gender, race and household income. While support among Democrats was stronger, at 77%, a majority of Republicans, 53%, also agreed with the idea.

New M&A target for RIAs? Accounting firms

The Mariner deals are an example of the “dynamic actions we will start to see from an emerging class of RIA mega-firms [aiming to] expand their services beyond the standard lines of wealth management,” says David DeVoe, managing partner of RIA

2019 Tax Law Update: Highlights Of Spending Package's Tax Law Changes

Some of these extensions might open up year-end tax planning opportunities if you can act before December 31.

Bill Gates, ending the decade richer, calls for higher wealth tax

The US billionaire says the rich, including himself and his wife, should pay more taxes than they currently do.

Google says it will no longer use 'Double Irish, Dutch sandwich' tax loophole

Technique allowed the tech giant to delay paying US taxes on international earnings for years, and pay a lower tax rate overseas

2020 IRS Regulatory Plan Focuses on Wrapping Up Tax Law Work

The remaining agenda covers a wide range of issues affecting both businesses and individuals, including a limit on business interest expense deductions and restrictions on a favorite tax break of hedge fund managers.

A Decade in Tax: Issues of Fairness and the Digital Economy

In 2010 congressional Democrats passed then-President Barack Obama’s number one priority—a major overhaul of the U.S. health care system.

How Big Companies Won New Tax Breaks From the Trump Administration

As the Treasury Department prepared to enact the 2017 Republican tax overhaul, corporate lobbyists swarmed — and won big.

Tax Law, ‘Wayfair’ Fallout Top Legal Issues to Watch in 2020

The issue of when states can tax businesses that don’t have a physical presence may head back to the courts in 2020.

Congress Repeals Nonprofit “Parking Tax” and Provides for Single-Tier Excise Tax on Private Foundation Net Investment Income

The year-end act also simplifies the excise tax on private foundation net investment income under Code section 4940

Spotting Audit Dangers For Wealthy Clients

One factor that will reduce audits for some wealthy taxpayers is the increase in the standard deduction and elimination or curtailing of many itemized deductions.

Treasury And The IRS Release Final Foreign Tax Credit Regulations

The Final Regulations are substantially similar to the Proposed Regulations, with several important clarifications and amendments.