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On June 12, three IRS personnel participated in a teleconference designed to address open questions regarding the FBARs for calendar year 2008 that must be filed by June 30.

Investing in today's global market comes with its fair share of risks, with familiar concerns such as sanctions, regulatory compliance, and geopolitical issues taking centre stage.

In 15 West 17th Street LLC v. Commissioner, the US Tax Court denied a $64.5 million deduction claimed by the taxpayer for a charitable contribution to a historic preservation organization in 2007.

If your child receives investment income, he or she must report it to the IRS by filing an income tax return.

The IRS is preparing to announce a new Voluntary Disclosure (‘VD') program aimed at non-compliant US taxpayers with unreported offshore accounts.

The IRS has released interim guidance providing an alternative method for payment processors to determine if they must report payments to offshore accounts under Section 6050W.

Sweeping changes to federal tax laws have introduced certain estate planning opportunities that can be implemented now and over the next few years.

For the first time, U.S. (and other) foreign trusts with Israeli beneficiaries will be liable for a substantial income tax.

The Internal Revenue Service recently reopened its Offshore Voluntary Disclosure Program (OVDP) in order to help people who have been hiding offshore accounts, or have become aware of their interests in and obligations with respect to such accounts, become current with their taxes.

They would overturn well-settled law that for decades has allowed valuation discounts to be applied to these interests.

The U.S. Department of the Treasury unveiled its long-awaited proposed regulations targeting valuation discounts commonly used in estate planning, thereby overturning decades of settled law.

"It’s that time again"... As we have experienced in the past and most recently in 2009 and 2010, we are once again faced with the uncertainty of the estate and gift tax laws.

The IRS recently issued guidance adopting a general rule recognizing same-sex marriages.

The FTI Consulting Asset Lifecycle Management team offers an unparalleled breadth of services focused on improving the lifecycle value for critical capital assets.

During litigation cases, there are often situations where an attorney needs to work with a forensic accountant or other financial expert to determine the value of several types of assets.

A Magistrate's Report in the Delaware Court of Chancery recently held that a judgment creditor of an individual could not reach the assets the individual had contributed...

As we head into the fourth quarter of what has already been a busy year in the secondaries market, we wanted to revisit a topic from the summer that may impact sales activity: the endowment tax regime.

On August 10, 2012, Illinois Governor Quinn signed into law House Bill 4663, which amends the Illinois Trusts and Trustees Act to provide protection for a trustee when acting or not acting pursuant to the directions of a directing party.