Author Archives: Darlene Hart
IRS Scams Investigations to include Pensions, Insurance & Digital Currency
For about 20 years now, the IRS has been annually publishing a ‘Dirty Dozen’ list of common taxpayer “scams.” The intent is to warn taxpayers, tax professionals, financial institutions, and financial advisors of abusive transactions, including bogus tax avoidance strategies as well as consumer-focused scams that target average taxpayers. The IRS identifies problem areas through audits, promoter […]
Welcome news for some US Pensions?
We have some welcome news for US pensions (and other permitted arrangements) receiving dividends from Swiss companies. On June 7, 2021, the US announced new guidance applicable to pension and similar structures operating in the US and Switzerland. In respect to a qualifying Swiss pension or pension-like structure, the treaty operates to exempt the US […]