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Latest News - US Tax

Stay up to date with our latest news and insights. Our specialist teams are here to advise you on key changes and advisory matters.

Investments in Qualified Opportunity Zones offer Significant U.S. and Potential State Tax Savings

Business Tax - 24 Aug 2018
A new Federal program, which did not get much attention early on, was created with the 2017 Tax Cuts and Jobs Act signed into law on December 22nd, 2017.…
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Update: A lesson learned – The importance of a valid will

Private Clients - 23 Aug 2018
The sad death of a music icon has further highlighted the need to plan for your succession. Despite having significant wealth, a diverse asset base and,…
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IRS loses important test on FBAR Penalty

Private Clients - 09 Aug 2018
Since 2004, the IRS has had the statutory authority in cases where a U.S. person willfully fails to disclose balances held in foreign bank or financial…
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Will indexation relief be introduced for calculating US capital gains?

Private Clients - 01 Aug 2018
Where, as in the U.S., the measure of capital gain is the excess of proceeds over original cost, a taxpayer can legitimately argue that he is being taxed…
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Cross-border complexities

Trust, Estate and Family - 26 Jul 2018
David Foster, Private Client Tax Associate Director at Frank Hirth and Graeme Fraser, Partner at OGR Stock Denton LLP highlight the impact of future rule…
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IRS offers filing and penalty relief to individuals subject to the new ‘transition tax’

Business Tax - 12 Jun 2018
Individual US shareholders owning 10% or more of a controlled foreign corporation are subject to a special tax charged on undistributed accumulated earnings…
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Marrying an ‘Alien’ – A Royal Problem

Private Clients - 05 Jun 2018
The phrase ‘Alien’ probably doesn’t feature in the top 10 pet names used by newlyweds. But as Prince Harry will find out, it’s…
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U.S. Tax Reform — The Slow-Motion Train Wreck Gathers Momentum

Business Tax - 15 May 2018
Frustrated after nearly a year of legislative impotence and threatened with the imminent loss of campaign contributions if promised tax cuts were not delivered…
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