UK Attorney Mark Summers Weighs In on U.S.-UK Tax Issues (Part 2)

On August 14, 2017, TWG International Tax Director Mishkin Santa interviewed UK advisor Mark Summers on hot topics in U.S.-UK taxation. In the first part of this two-part series, Summers addressed common tax planning considerations. In this second part of the series, Summers addresses [...]

By |2020-03-19T15:39:04-04:00January 8th, 2018|

The Repatriation Tax – 7 Takeaways

Do you have a 10% or more interest in a foreign corporation?  If so, then you may have a repatriation tax issue on your 2017 (not 2018!) tax return. Under the new tax legislation, the United States is shifting international corporate taxation from worldwide [...]

By |2020-03-19T15:40:09-04:00January 5th, 2018|

The U.S. Taxation of an American Princess – Meghan Markle

On November 27, 2017, the engagement of Prince Harry and Meghan Markle was announced to the press.[1]  Prince Harry asked Markle to marry him in London, and the couple recently set the wedding date for May 19, 2018.[2] Ever since the engagement date was [...]

By |2020-03-19T15:40:34-04:00December 27th, 2017|

Four Tax Planning Tips for Future Green Card Holders

conceptual post sign caution taxes ahead sign over dramatic sky Before getting a green card, one should consider these four major issues to minimize tax exposure and reporting hassles. Getting a green card is an exciting life-changing event, it allows one to [...]

By |2020-03-19T15:46:44-04:00March 8th, 2017|

IRS Uses Summons to Identify Unreported Foreign Accounts

January 30, 2017 Synopsis Last week, a U.S. District Court authorized the IRS to summons a taxpayer with access to information about clients' undisclosed foreign financial assets. Given the IRS’ increasing efforts to discover hidden foreign accounts, The Wolf Group encourages U.S. taxpayers with foreign accounts to take [...]

By |2020-03-19T15:47:26-04:00January 30th, 2017|
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