Category: Articles General

The chance that a marriage entered in the United States this year will end in divorce is about 50%. In 2013, 40% of marriages included at least one spouse who had been previously married. As a result, a tremendous number of blended families exist in the United States today (a … Read More..

If you and your family are thinking of joining the globalization trend and moving to the United States, have you asked yourself these questions:

What are some of the tax considerations for non-US families making US investments?
What are the potential issues for US families making investments in foreign countries?
… Read More..

The new legislation on money changers and financial service providers is expected to be enacted in the coming weeks. The law intends to institutionalize the activities of financial service providers in Israel and to specify their area of operation. The new law creates much confusion and lack of clarity since … Read More..

As the world becomes increasingly globalized and cross-border activities become the norm, tax administrations of different countries need to work together to ensure that taxpayers pay the right amount of tax to the right jurisdiction.  To assist with this effort, the Convention on Mutual Assistance in Tax Matters (“the Convention”) … Read More..

Donald Trump’s election, and the continuing control of Congress by the GOP, are expected to bring about tax law changes for individuals and businesses.  Throughout his campaign, President-elect Trump promised to take up tax reform, including reduced income tax rates, expanded tax breaks for families, and the repeal of the … Read More..

Several popular celebrities in the U.S. have been saying that they will move out of the U.S. if the election does not go their way. “Breaking Bad” star Bryan Cranston says he will “absolutely” move to Canada if Donald Trump is elected President on November 8. Cranston joins other celebrities, … Read More..

The IRS estimates that more than 7 million individual taxpayers didn’t file a 2014 tax return. The IRS bases this estimate on information statements it received for taxpayers who should have filed but didn’t.

For those individual taxpayers that don’t file yearly information returns, the consequences can be severe. The IRS … Read More..

What is FBAR?
FBAR is an acronym for the Foreign Bank Account Report. For over 40 years, all Americans with foreign bank or other financial accounts meeting certain requirements have had to report these accounts to the IRS, whether they live in the US or overseas. Over the last few years, … Read More..

Overview
The United States securities market regulator has amended the regulations governing capital markets in order to give private companies greater access to capital and make it easier for certain companies to go public on US exchanges.

The changes cover registration requirements, disclosure and reporting requirements, and eligible shareholders, and liability issues.

The … Read More..

When a shareholder dies the right to his interest in the shares will pass to whoever inherits them under his will. The deceased shareholder’s rights will be administered by his or her executors. The company has to accept evidence of probate of the will to establish the rights of the … Read More..