Archive by Author

International Tax Awards – November 2017

November 08, 2017  |   Posted by :   |   International Tax Planning   |   0 Comments

The Wolfe Law Group is pleased to announce that we have been chosen to receive the following international tax awards: 1. International Tax Advisor of the Year, USA (2017) – Global 100/2017. The Global 100 awards are selected by no less than 23% in votes from their 151,000+ global readership and awards 100 of the […]

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​ The Paradise Papers – Secrets of the Global Elite

November 06, 2017  |   Posted by :   |   International Tax Planning,Panama Papers,Paradise Papers,Tax Evasion   |   0 Comments

The International Consortium of Investigative Journalists (ICIJ) has recently leaked 13.4m documents from Appleby offshore law firm (Bermuda), Asiaciti Trust (family owned trust co.) and Co registries in 19 secrecy jurisdictions. The Paradise Papers include: nearly 7m documents including loan agreements, financial statements, e-mails, trust deeds and other financial records from the last 50 years. […]

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Tax Planning for Hurricane Relief: The IRS, Harvey, Irma, & Maria

October 12, 2017  |   Posted by :   |   Casualty Loss   |   0 Comments

The Wolfe Law Group is pleased to announce the publication of Attorney Gary Wolfe’s 20th book, Tax Planning for Hurricane Relief: The IRS, Harvey, Irma, & Maria. The downloadable e-book is currently available on Amazon. In 2017, millions of Americans in Texas, Florida and adjacent states as well as U.S. citizens in Puerto Rico have […]

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Hurricane Tax Relief and IRS Collection Activity

September 18, 2017  |   Posted by :   |   Casualty Loss   |   0 Comments

Under the IRS Internal Revenue Manual (Section 5.1.12.2) disaster areas are entitled to special IRS tax collection relief. These types of cases are considered to require special handling with extreme sensitivity for taxpayer’s circumstances. The key issues are IRS collection activity, penalty and interest due. In a federally declared disaster area, as in the case […]

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Florida and Texas: Hurricane Irma and Hurricane Harvey Tax Relief

September 11, 2017  |   Posted by :   |   Casualty Loss   |   0 Comments

For our American Brothers and Sisters in Texas and Florida, tax relief can help you. The IRS may be of great help for you. See IRS Publication #2194: Disaster Resource Guide for Individuals and Businesses. The extant problem in Texas is as follows: 80% of Texans affected by Hurricane Harvey apparently have no flood insurance […]

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Tax Planning for Texas and Other States: Post-Hurricane Harvey

September 06, 2017  |   Posted by :   |   Casualty Loss   |   0 Comments

As a Californian, I normally do not consider tax planning for Texas. Due to the horrors of Hurricane Harvey, I have decided to “stretch” and offer Tax Planning Advice for our American Brothers and Sisters devastated by the widespread destruction caused by Hurricane Harvey including: homes, cars, jewelry, personal property, heirlooms, art and clothing whether […]

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The US and World Wide Tax Evasion

August 31, 2017  |   Posted by :   |   FATCA/FBAR,Tax Evasion   |   0 Comments

Although with the implementation of the Foreign Account Tax Compliance Act (FATCA), America has taken the lead in attacking US taxpayers who evade taxes by hiding assets offshore (held thru anonymous companies) in 2017 America has become the world’s biggest tax haven. In America, today 14 states allow US Companies to be formed without the […]

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California Real Estate and Cannabis

August 14, 2017  |   Posted by :   |   International Investors   |   0 Comments

In January 2018, California is preparing to license the cannabis businesses. Investors view cannabis (aka “pot” or marijuana) as a “Pot of Gold”. Real estate values explain why: currently, in Sonoma County an acre of planted wine grapes according to realtor, John Bergman is valued at no more than $200,000. In contrast CNBC reports in […]

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Offshore Tax Evasion & Compliance: OECD/CRS and FATCA

August 07, 2017  |   Posted by :   |   International Tax Planning,Tax Evasion   |   0 Comments

For foreign investors who become EB-5 Visa holders or other US green card they will be subject to annual US world wide tax reporting for income and disclosure of all offshore financial accounts over $10,000 that they own or control (FBAR filing: FinCen Form 114) and foreign financial assets over $50,000 (FATCA/Form 8938 attached to […]

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Panama Papers Update: Pakistan Prime Minister Resigns

July 31, 2017  |   Posted by :   |   Panama Papers,Tax Evasion   |   0 Comments

As reported on 7/28/17 by the NY Times Nawaz Sharif, Pakistan Prime Minister, resigned after the Pakistan Supreme Court ordered his removal for corruption. In 2016, the Panama Papers disclosed that Sharif and 3 of his children owned expensive residential real estate in London held anonymously thru offshore companies. The Court held that Sharif was […]

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