Author Archives: LSL Staff

IRS Updates FATCA Website With Foreign Financial Institution List, Search Download Tool And Revised FAQs

The IRS updates the FATCA website. With the new Foreign Financial Institution List and Search...

The Importance of Estate Planning

I recently attended a California Society of Certified Public Accountants (Cal CPA) Estate Planning Interest Group...

Do I need a will, living trust and/or advance health care directive and how do I execute these documents?

More and more accountants and financial advisors are recommending that we have a will, living...

LSL CPAs Update About New FBAR Electronic Filing Requirement And The Approaching June 30 Deadline

Do you know about the new FBAR electronic filing requirement and the rapidly approaching June...

How the new 3.8% Medicare Tax is affecting Trust and Estate Tax Planning

Were you one of the millions of Americans who paid the new 3.8% Medicare Tax...

Hyatt Hotels Corporation Partners With Fideicomiso To Open Hyatt Hotel Santa Fe In Mexico City

After negotiating a franchise agreement between a Hyatt affiliate and Fideicomiso de Actividad Empresaria, Hyatt...

3 Tax Tips For U.S. Taxpayers With Foreign Income

During the filing season, the IRS offered online tax tips for U.S. taxpayers who received...

How Well Do You Know Your Service Providers?

Have you ever heard the phase “do business with those you know”?  It makes sense,...

Government Accountability Office Report Reveals California Taxpayers Are A High Percentage Of IRS OVDP Participants

In light of the success of the IRS Offshore Voluntary Disclosure Program (OVDP), the U.S....

United States And Hungary Sign Agreement To Implement The Foreign Account Tax Compliance Act (FATCA)

Hungary became the latest country to agree to help the United States enforce the Foreign...

Property Managers, Passive Ownership By Foreign Investors, And How To Avoid Personal Liability As A Withholding Agent

The international tax experts at LSL CPAs often find property managers caught between the mandatory...

National Taxpayer Advocate Declares IRS Offshore Penalties Too Extreme And An Unfair Burden On “Those Who Make Honest Mistakes”

Although the international tax team at LSL CPAs recognizes the positive inroads made by the...

Doctors are Business Owners – What you need to know.

Physicians are in a unique situation when they own their practice. Not only are they...

Case Study: How the Best Estate Planning Can Still Result in Issues

Sometimes estate planning works out for clients, and sometimes it doesn’t. A good estate plan...

With The Institution Of The International Campus Compliance Unit (CCU), The IRS Attempts To Close The International Tax Gap

The international tax consultants at LSL CPAs mark the institution of the International Campus Compliance...