Expatriation from the United States, Part 2: The Inheritance Tax

Abandonment of United States citizenship or long-term residency (by non-citizens) may trigger the United States Expatriation Tax. The Expatriation Tax consists of the Exit Tax and the Inheritance Tax. In Part 1 of our two-part series, we explain the Exit Tax. Tax Expatriation, General...

In March, the Employee Retention Credit (ERC) was extended through Dec. 31, 2021, and expanded as part of the American Rescue Plan Act of 2021 (ARPA). But, let’s face it: Many CPAs — the highly trusted, value-added professionals — are blowing it.  We are not fully understanding the nu...

“Where were you on that one?”   It’s the line Happy Gilmore mutters to his caddie after an early gaffe at the Waterbury Open; it’s also a question tax advisors know all too well. Our clients heard something or read something that may apply to their tax planning, and they want to know w...