August 19, 2011 UPDATE – Time is running out to reap the benefits of this program – look here. Click here for a discussion of the benefits. While private clients may be regaining confidence in UBS, many people still have a bad taste in their mouth following the Internal Revenue Service investigation into domestically … Continue reading 2011 Offshore Voluntary Disclosure Initiative
When a business is sold, it is common practice for the buyer to require that the seller refrain from competing in the same field. This requires a non competition clause in the contract for sale. These covenants are enforceable if they are reasonable. Courts are hesitant to take away a person’s ability to make … Continue reading Covenants Not to Compete
In the past, self-created trusts in the United States did not offer protection from creditors if the person who created the trust was allowed to receive funds from the trust. In order to get this asset protection feature, trusts had to be created in foreign countries such as the Cayman Islands, the Channel Islands, Belize … Continue reading Asset Protection Trusts
Check in directly with the IRS regarding your refund on your mobile: IRS has launched IRS2Go, a smartphone application that lets you interact with the IRS using your mobile device. IRS2Go reflects IRS’ commitment to help you get the information you need—whenever you need it, wherever you are. Learn more here.