From the category archives:

international

Ron Cohen Presents on Google and the “Dutch Sandwich”

20 March 2011

Ron Cohen of Greenstein, Rogoff, Olsen & Co., sent me this video of their weekly tax update focusing on “Dutch Sandwich” or “Double Irish” offshore planning. Offshore planning is something I’m familiar with – and I’ve been blogging about quite a bit – so I thought it made sense to share it on taxgirl.com. Enjoy.

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Charitable Giving for Japanese Disaster Relief

13 March 2011

First, my thoughts and prayers go out to those affected by the events in Japan. The stories and photos coming out of Japan are just heartbreaking. I know that many of you, like me, want to know what you can do to help out in what is being referred to as Japan’s ‘most difficult crisis’ [...]

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Taxes from A to Z: F is for FBAR

8 March 2011

In 1970, Congress passed the Bank Secrecy Act which was pretty much the first law on the books in the US to require banks and other financial institutions to reveal personal financial information to the government. Yep, this was long before the Patriot Act, and was originally meant to assist law enforcement agencies in the [...]

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What’s Next? The KLM Liberty Bell?

22 February 2011

We live in an increasingly branded world. Even the last vestige of truly American sports, football, is now a string of brands thrown together. I don’t know about you but I could barely distinguish between the Tostitos/Starbucks/Pepsi Bowl and the Facebook/Hershey’s/Microsoft Bowl… There has to be a breaking point if, for no other reason, that [...]

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Apple Likely Waiting on Tax Holiday

17 February 2011

Earlier this week, I posted about a potential tax holiday for multinational companies; the holiday would allow them to repatriate funds currently being held offshore at a lower tax rate. The idea, which has been bandied about by Rep. Eric Cantor (R-VA) and Sen. Orrin Hatch (R-UT) – but not endorsed by Treasury Secretary Geithner [...]

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Congress Considers “Tax Holiday” for Corporations

13 February 2011

I think we all saw this coming. We’re easing out of a recession. The deficit is climbing. Companies *might* be hiring again, depending on the sector. Wall Street is inching back up, salaries and bonuses included. Retail sales are rebounding. It’s all good, right? We’re getting there, the President keeps reminding us, as he reiterates [...]

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IRS Tax Amnesty: Once More With Feeling

9 February 2011

As expected, the IRS has announced a new amnesty program for taxpayers with previously undisclosed offshore accounts. But since amnesty is such an ugly word, the IRS is calling it “a special voluntary disclosure initiative” (it has the feel of an after school special, huh?). The official title, for what it’s worth, is the 2011 [...]

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HSBC Client Sentences Handed Down

7 February 2011

Hot off the heels of an IRS announcement about a new amnesty plan for taxpayers with offshore accounts, a federal judge brought down the hammer on a tax evasion case involving those same kind of accounts. Mauricio Cohen and Leon Cohen-Levy (father and son, in case you wondered about the similar names) were sentenced to [...]

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Ask the taxgirl: Foreign Medical Expenses

30 January 2011

Taxpayer asks: at 5’4″ and 235# i was definately diagnoised with morbid obesity.. pre-diabetic and had BMI of 40.3. My choice of surgeons was one in Mexico.. my insurance would not cover his fees.. which.. even if I would have chosen one in the US and filed insurance claim.. I would have paid more out [...]

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IRS To Announce New Amnesty Plan

27 January 2011

If you thought the steady stream of IRS announcements related to offshore accounts investigations happened to be a coincidence, imagine me shaking my head and clucking… This week, the IRS made noise about a new amnesty program targeting wealthy Americans and offshore accounts. I know what you’re thinking: Didn’t we just have one of those? [...]

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