Blog
IRS Changes Position on Foreign Embassy Employee Planning
Due to a recent court case, the IRS recently changed its position regarding the requirements for certain foreign government employees' wages to be exempt from U.S. federal income tax. This tax exemption may generally apply to foreign embassy employees working in the [...]
Saving Tax Dollars with Year-End Tax Planning
The midterm elections have changed the Congressional landscape, with Republicans winning control of the House of Representatives and picking up seats in the Senate. Even so, it's still too early to know exactly how these events will affect important tax issues for [...]
Fall 2010 – ‘Animal Spirits’
Download PDF One of the recurring themes over the last few quarters is the notion that many asset classes, in stark contrast with the past, are moving in tandem with each other. Historically, the price of gold has tended to move [...]
Should You Convert To A Roth IRA?
The Roth IRA conversion rules applicable for 2010 provide a tremendous opportunity to convert tax-deferred pension assets into tax-free Roth IRA assets. This is the first year that everyone, regardless of income level, can convert a Traditional IRA into a Roth IRA, potentially [...]
Green Card Holders Beware the Exit Tax
As a result of the increasingly burdensome international tax and regulatory regime in the United States (see “IRS Eyeing International Taxpayers”), many more U.S. citizens and permanent residents are considering renouncing their citizenship or relinquishing their green cards than did so in [...]
IRS Eyeing International Taxpayers
“For taxpayers who continue to hide their head in the sand, the situation will only become more dire." Doug Shulman, the Commissioner of the Internal Revenue Service (“IRS”), issued this warning when the IRS announced its Offshore Voluntary Disclosure Initiative (the “Initiative”) in [...]
Len Wolf Visits Hong Kong and Seoul, South Korea
The Wolf Group's Director, Len Wolf, visited Hong Kong and Seoul, South Korea in late September to explore the opportunity to establish a Wolf Group office in East Asia. In the two cities, Len assessed the market for U.S. tax compliance and planning [...]
Summer 2010 – ‘Musings on "Expert" Opinions’
Download PDF Just when you thought it was safe to get back in the water, a huge oil rig springs a leak. Just when you thought the economy was finally on the road to a self-sustaining recovery, nearly every expert out [...]
Spring 2010 – ‘Patience is a Virtue’
Download PDF The crosscurrents of economic data and sentiment continue to confuse more than clarify. Although much of the economic news is positive, many commentators still feel compelled to portray the world’s situation as “fragile,” “troubled,” or even “on the brink.” [...]
Winter 2009 – ‘Persistence of Memory’
Download PDF Many people are happy that 2009 is over. The year was full of unexpected and gut-wrenching events – the deepest recession in a generation, the worst bear market since the Great Depression, the highest unemployment rate since the early [...]
