Author Archives: LSL Staff

Following The Bahamas & Barbados, Trinidad And Tobago Now FATCA Compliant

Following in line with the Bahamas (November 3) and Barbados (November 17), Trinidad and Tobago...

Starting a Fraud Risk Management Program in Your Business

Do you consider your Company immune to fraud? Or have you ever thought to yourself,...

How to Support Education and Give Yourself a (Tax) Break

When planning your year-end charitable giving, don’t forget one new opportunity for California businesses and...

Planning to Exchange California property under Section 1031? Warning!

A Section 1031 like-kind exchange of property is a great way to defer a taxable...

California Filing Requirements for Businesses Incorporated in Nevada

Recently a client contacted me wondering why his corporation had received a “Demand for Tax...

An Introduction To Common Entity Types For New U.S. Business Ventures

If you are coming to the United States to set up a new business venture,...

What You Need to Know About Merging a Medical Practice

The Affordable Care Act has imposed some significant challenges to medical practitioners. Many physicians are...

Latvia Signs FATCA Accord With The United States, Joining Several Other Eastern European Countries

Joining several other European countries, Latvia has embraced the FATCA Accord. In a significant step...

Case Study: How the Best Estate Planning can Still Result in Issues, Part 2. Using Grantor Trusts

In February I introduced you to Bob, a successful businessman with a typical estate plan and...

Real Estate Withholding Requirements for Foreign Investors

A foreigner does not have to have a green card, permanent residence status or a...

IRS Changes Offshore Voluntary Disclosure Program To Distinguish Between Non-Willful Taxpayers And Willful Non-Compliance

The IRS announced changes to the OVDP process that clearly distinguished between non-willful taxpayers and taxpayers in...

Did You Know IRS Individual Taxpayer Identification Numbers Expire After Five Years?

Did you know Individual Taxpayer Identification Numbers can now expire? The tax team at LSL...

Avoiding Property Tax Reassessment

Many property owners have enjoyed the protection of Proposition 13 and the 2% annual cap...

As FATCA Takes Hold, IRS Increases Offshore Amnesty Penalty From 27.5% To 50% And Expands OVDP Information Requirements

In an effort to keep the OVDP process in light with FATCA developments, the IRS...

California’s New Tax Credit Package – California Competes Credit

The governor’s new tax credit package for businesses in 2014 includes the California Competes Credit,...