It is no surprise that the economic recession has resulted in serious revenue shortfalls and driven state legislatures to consider tax increases to support their budgets. In order to close their budget deficits, many states… read more
The estate and gift tax law is generally a complex labyrinth, and with the arrival of the new year there is an added degree of uncertainty that makes it even more perplexing. Under the Economic Growth and Tax Relief Reconciliation… read more
Have you noticed the line on your California Income Tax Return marked “Use Tax?” The statement appears on all California Income Tax Returns but may be overlooked or misunderstood. By way of definition, use tax… read more
During the first week of August the Dow Jones Industrial Average and the S&P 500 fell by 11.2% and 13.3%, respectively. This unfortunate situation creates an opportunity for those who may have converted a regular IRA… read more
“There’s no business like show business.” This is true especially when it comes to tax planning for entertainers. Although taxpayers in the entertainment industry face tax planning issues similar to those… read more
An individual’s UK tax residence status has a significant bearing on the amount of income and gains that is taxable in the UK. Somewhat surprising then is the fact that the United Kingdom does not have a clear definition… read more
An individual’s UK tax residence status has a significant bearing on the amount of income and gains that is taxable in the UK. Somewhat surprising then is the fact that the United Kingdom does not have a clear definition… read more