Author Archives: LSL Staff

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,...

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...