New to Incapacity Planning for Clients?

Get Up to Speed with This Quick Overview Incapacity planning keeps money under management, provides an opportunity for product sales, and protects your clients. It’s a win/win because estate planning is not just having a plan in place to deal with a client’s death; it’s also about having a plan in place to deal with […]

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Tax Examination and Appeals Series – The Internal Revenue Service’s Basic Organization, Authority, and Sources

This is the first article in a series of articles on tax examination and appeals.  The goal of the series is to provide an overview of tax examinations and appeals, provide an overview of what happens at each stage of tax examinations and appeals, and provide tips how to handle each stage. Under the federal […]

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Taking Full Advantage of the 2017 Tax Cuts and Jobs Act Key Points to Discuss With Your Clients

Like all things, tax laws are constantly changing. An important part of serving your clients is responding quickly and strategically to new developments in the tax law landscape. But at the same time, a knee-jerk reaction is rarely the best course of action—often resulting in unforeseen complications in the future. The best decisions are made […]

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International Tax Compliance After the End of the Offshore Voluntary Disclosure Program

For the last several years, retroactive offshore disclosures have been the method of the IRS’ efforts to ensure that US taxpayers were reporting their foreign assets and foreign income.  Curative programs for prior reporting failures have been seen as appropriate given the IRS’ past lack of emphasis on international requirements. The most expansive disclosure program […]

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Which Asset Protection Strategies Are Right for Your Clients? How You Can Keep Claims From Threatening Their Property

Most of us do not expect to be sued. However, lawsuits are filed every day the courthouses are open. If your clients’ estate plans don’t include adequate asset protection, they could end up losing a substantial amount of their wealth in the event of a claim – even a “frivolous” one. It’s well worth talking […]

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New Considerations for Cross-Border Structures Following the Tax Cuts and Jobs Act

The 2017 Tax Cuts and Jobs Act (“TCJA”) made several key changes that will need to be reviewed in determining the most tax efficient structure for US companies with cross-border operations.  Business owners will need to review current structures and determine whether they are structured properly with the changes made under the TCJA. This article […]

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Avoiding Disastrous Will or Trust Lawsuits – How to Keep Family Squabbles from Undermining Estate Plans

Family discord that results in a will or trust contest can be costly, time-consuming, and emotionally painful for your client’s family. For you, the advisor, this disharmony usually leads to severely damaged relationships and a loss of assets under management. It’s important to keep a close eye on your clients’ familial rifts and work with […]

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Real Estate Investment in the US Under the Tax Cuts and Jobs Act

The 2017 Tax Cuts and Jobs Act (“TCJA”) preserves and in certain cases enhances tax benefits for investments in real estate and partnerships.  A tax deduction may be available equal to 20 percent of qualified business income to individuals who own income producing real estate through a partnership or S-corporation.  The opportunity for foreign investors […]

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Environmental Due Diligence Considerations in Acquiring Companies, Assets, and Real Property Interests

Due diligence is a broad term that refers to the investigation companies should carry out prior to acquiring other companies, assets, or real estate.  There are numerous federal and state laws that comprehensively regulate air, water, and land pollution that make environmental due diligence essential.  The purpose of this article is to outline some of […]

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