11/19/2019
Mercer Advisors Ramps Up Tax Preparation Division With Addition of Hewitt
The acquisition brings Mercer’s total number of offices to 45 and increases the firm’s total AUM to approximately $17 billion, the release noted.
Tax
11/14/2019
The great American tax haven: why the super-rich love South Dakota
It’s known for being the home of Mount Rushmore – and not much else. But thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.
11/12/2019
OECD Digital Tax Proposals would Require Canadian Overhaul: C.D. Howe Institute
New OECD proposals on digital taxation would mean a substantial overhaul of Canadian tax rules if they are brought into effect, according to a new report from the C.D. Howe Institute.
11/08/2019
IRS issues cost of living adjustments to retirement plan limits
"We believe the value of retirement plans with the potential for tax-deductible contributions will continue to offer advantageous ways for tax-favored retirement savings."
10/25/2019
US IRS tells banks not to close accounts just because of missing tax ID number: FATCA
Thousands of ‘accidental' Americans have been told by their banks that they will lose their accounts unless they provide a US tax number before October 1.
10/21/2019
Illinois 'pension funds are doomed,' says Taxpayers United of America president
Taxpayers United of America also recently released the state's 600 highest pension payouts.
10/18/2019
Summers Lambasts Warren, Sanders Plans to Tax Wealth of the Rich
Former Treasury chief says proposals likely unconstitutional
10/14/2019
Crypto IRS Audits: Hire Professionals or Do it Yourself?
The IRS has said that virtual currency is an ongoing focus area for IRS criminal investigations
10/11/2019
America’s coming mega-battle over tax
If Warren becomes Democratic nominee, the 2020 election would turn into a contest with Capital
10/10/2019
The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years
Resolving a long-standing question, the guidance says new cryptocurrencies created from a fork of an existing blockchain should be treated as “an ordinary income equal to the fair market value of the new cryptocurrency when it is received.”
10/04/2019
U.S. Corporate Tax Code Still Ranks Below Average, Study Finds
The tax group gave the highest competitiveness rankings to the countries with the lowest rates and easiest processes to comply with the tax laws.
09/26/2019
Senator Sanders Proposes a Tax on “Extreme” Wealth
The tax continues to increase with income, so net worth between $250 and $500 million is taxed at 3 percent, $500 million to $1 billion at 4 percent, $1 to $2.5 billion at 5 percent, $2.5 to $5 billion at 6 percent, $5 to $10 billion at 7 percent, and all
09/20/2019
US-Switzerland Double Tax Protocol Now In Force
Switzerland said requests for information may be submitted from the date of entry into force of the Protocol, September 20, 2019.
09/18/2019
Too Much Tax Leads To Expats Returning US Passports
American expats must report their worldwide income to the IRS with income, estate and gift tax returns.
09/18/2019
US Expat Taxes Explained: Form 2555-EZ for the Foreign Earned Income Exclusion
To eligible to claim the FEIE on your US expat taxes, you must meet one of the two tests: Bona Fide Residence or Physical Presence.
09/16/2019
The Flaws of Elizabeth Warren’s Wealth Tax Plan
The “Ultra Millionaires Tax” should be a red flag for anyone who believes in personal responsibility, hard work, and private property.
09/13/2019
HMRC faces legal fight for handing Britons' data to US tax officials
Case may have implications for British citizens born in US, who risk having accounts frozen
09/11/2019
Grant Thornton Chief Economist Diane Swonk receives Lifetime Achievement Award from ACG Chicago
“I’m honored to be recognized by ACG Chicago for a cause I’ve been committed to throughout my career – helping drive middle-market growth,” said Swonk.
09/09/2019
Blucora To Unify Wealth Management Divisions as Avantax
Firm Offers Tax-Smart Planning & Investing Strategies to Advisors and the Clients They Serve
09/06/2019
Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact
The Convention is the primary instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters.