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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Helping Clients Plan From the Heart – Beyond Money in Estate Planning

By: Christopher Klug  – International Estate Planning  Attorney, Washington DC   Many clients and advisors think of estate planning as a logistical process designed to reduce taxes, avoid court, and protect assets. Of course, proper planning does enhance the security of their families and assets, but estate planning is actually much more. Although we write frequently […]

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Common Corporation Purchase Structures To Obtain Step-up in Tax Basis When Equity Is Purchased

by: Christopher Klug –  Business Tax Attorney, Washington DC Buyers of businesses conducted through C or S corporations typically prefer to purchase assets in order to receive a step-up in tax basis of the assets of the corporation to the assets fair market value.  This will allow for additional depreciation on depreciable assets and less […]

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How Remodeling a Client’s Trust Can Retain Assets Under Management while Saving Clients Money

By: Christopher Klug  – International Estate Planning  Attorney, Washington DC It’s a common misconception that clients can take a set-it-and-leave-it approach to trusts. Much as houses or office buildings, even those that were originally well-built, must be remodeled or updated from time to time, a trust-centered estate plan can often benefit from a remodel or refresh. […]

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