taxation News

An Asset Protection Trust ("APT") is an Intentionally Defective Grantor Trust. An Intentionally Defective Grantor Trust is a trust that treats the assets in the trust differently for income tax purposes than for estate tax and gift tax purposes.

Balance Interactive has created a new web presence for the National Association of Enrolled Agents (NAEA) using the Drupal content management system. The new site boasts an engaging new design and easy-to-access resources for members and visitors.

Offshore-Gateway partners with Climate Friendly - ranked as "outstanding" & "Number 1" in the Carbon Offset Watch report - to offer a pioneering eco-friendly solution for companies investing offshore; contributing to sustainable global eco projects.

An Intentionally Defective Grantor Trust ("IDGT") is an irrevocable trust created so that the assets of the trust are attributable to the grantor for federal income tax purposes, but not for gift, estate, or generation skipping transfer tax.

Chartered accountants, Ballard Dale Syree Watson and independent firm of estate agents, chartered surveyors auctioneers and valuers, Halls have joined forces for a day to give practical help and advice to farmers.

Billed as “the most member-driven General Assembly event” in the Assn’s history, Gibraltar delegate Brian Stevendale joined 260 more representatives from 100 World Trade Centers at the General Assembly held in Sao Paolo Brazil from 9 to 12 Oct.

Alex Camejo recently joined BriersCPA in Bonita Springs as Manager. He has a Master of Science (M.S.) in Accounting and Taxation from FGCU and a BSBA in Business Logistics from Penn State University. He has successfully completed the CPA exam.

On September 15, 2011, Dutch Government released a Tax Bill. The most important proposed amendments in the area of corporate taxation (dividend tax and corporation tax) are summarized below.

Russian Survey is an illustrated business digest offering not only high quality news, but also professional analysis, exclusive interviews with representatives of the Russian governmental structures.

In many states, an IRA owned by the community spouse is a countable resource for Medicaid purposes.

The Internal Revenue Code ("IRC") mandates that an IRA owner must begin taking required minimum distributions ("RMD") at age 70½..

For any annuity contract issued after April 22, 1987, it must terminate upon the death of any owner and benefits will then be paid to the designated beneficiary.

According to recent statistics, the majority of long-term care provided in the family home is provided by the children of the homeowner.

Under the grantor trust rules, a person who transfers property to a trust and retains certain powers or interests is treated as the owner of trust property for income tax purposes.

Russian Survey – colour business digest, offering not only reliable news but also professional analysis, exclusive interviews with representatives of Russia’s authorities and governmental agencies.

Scott B. Samsky has joined Ferguson Case Orr Paterson LLP. He comes to the Ventura County-based firm as a partner in its Estate Planning, Trusts and Probate, and Taxation groups.

Aeropodium is organizing in association with ICM Aviation, an international conference to celebrate the success of the Aircraft Registry in the Isle of Man and promote the island's aviation interests.

Accru Chartered Accountants believe in ‘putting people first’. They focus on leveraging their resources to achieve maximum success for their clients on a personal basis.

The recent jobs report, which showed job growth of 192,000 overall and of 222,000 in the private sector shows we are going in the right direction.

AMAC calls on Congress to end taxation of Social Security Income

The legal team at Ellsworth Law Group takes steps to increase their online presence nationwide with the help of the creative marketing team at Scorpion Design

Kirkland Albrecht & Frederickson, LLC (KAF), a leading Boston area CPA firm, is celebrating its 20th anniversary

Sunbury Press, Inc. has released Mark P. Donnelly's and Daniel Diehl's twentieth book "Death & Taxes: Riots, Rebellions, Revolts and Unjust Taxation Throughout History".

A higher tax rate for the wealthiest Americans has been proposed, but Zinnia Financial believes that it’s coming to fruition is unlikely.

As the curtain comes down on another MIPIM, the first public unveiling of World Trade Center Gibraltar was deemed a resounding success. Holding centre stage on the World Trade Centers Association stand, the Gibraltar project attracted vast interest.

ACCA launches guide to help UK consumers lighten the tax load

MIPIM 2011 is about to descend on Cannes. Running from 8 to 11 March, the occasion gathers together key players in the global real estate industry and Gibraltar’s World Trade Center is preparing for its MIPIM debut.

The ATO is spending millions more dollars in catching small businesses who are not declaring all their cash sales.

Perth accounting firm opens its new website aimed at small business bookkeeping and business management systems.

Opening of new website for bookkeeping firm in Perth's Northern Suburbs.

9th - 10th May, Crowne Plaza, The City, London, UK SMi’s Taxation in Oil and Gas conference will provide the oil and gas industry a platform in which to discuss and dissect the key issues and crucial developments facing taxation in oil and gas.

Wilkins Kennedy, a top 25 firm of Chartered Accountants and Business Advisers, has expanded its VAT department with the appointment of Kevin Martin as VAT Assistant Manager.

• The conference highlighted the challenges faced by corporates in respect of International taxation

Leading debt-relief Tacoma attorney Dave Yando renews his bankruptcy-solution focus, and retains his former marketer to accelerate distribution of his message.

This is an example case that I worked on where the individual wanted the IRA to be put into a Self-Settled (d)(4)(A) Trust and the article explains the way it was handled.

The IRS has dramatically increased their collection activity regarding back tax liabilities. Don't wait for the IRS to Lien or Levy you before you settle your back tax debt.

Congress wrestles with tax and deficit issues, and agonizes over some of the costs, but it ignores a much larger expense which could be slashed at no cost to anyone, says Action of Smoking and Health (ASH).

John Huber was available to answer any questions related to the buying process and taxation.Malta shares deep-rooted strong cultural and historical ties with Britain.

ACCA comments on report that recommends tax agents and HMRC work together better

Are you wondering how to make the most of your pension? If you’re thinking about which income option to take, maybe it’s time to think outside the box. Here’s why...Provided by The Retirement Group: Your Partners In Retirement.

Cornish accountancy firm Robinson Reed Layton has major concerns over proposed changes to taxation on Furnished Holiday Accommodation and are asking holiday home owners to voice their opinion before the consultation period finishes on 22 October.

Noteworthy guest speakers include William B. Blaylock and Dale Craymer

This article explains the benefits of converting old tax-deferred annuities into new tax-deferred annuities.

This article explains the effects of Required Minimum Distributions (RMDs) on taxpayers

Miami accountant Gustavo A Viera announces the grand re-opening of his CPA firm.

This article explains the outcomes of an estate without any estate tax in the year of 2010

Learn from Tax Specialist Gill Salmons how tax influences corporates and assignees on domestic and international assignments.

This article explains Tax-Deferred annuities and includes links with further information.

This article lays out the best time to have a private letter ruling from the Internal Revenue Service.

This article explores what would happen if a client would pass away in the year 2010.