Taxation Law Articles

Articles written by lawyers and expert witnesses worldwide
explaining the different aspects of Taxation.

When You Pass Away Can Make a Lot of Difference

There are a number of things about the Federal estate tax that do not seem fair to many observers. One of them is the fact that it is a tax that...
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Estate Planning Uncertainty in an Election Year

Creating a comprehensive estate plan is a complicated undertaking and requires a thorough understanding of all the myriad tax laws that will...

Estate Planning and Taxes -- Why the Two Go Hand in Hand

When most people make an appointment to sit down with their estate planning attorney, they have given some very serious thought to how they want...

Don't Be Fooled by Estate Tax Changes

With the recent changes to the estate tax, many people have become confused about estate planning. Unfortunately, a lot of the confusion is...

The Generous, but Temporary, Gift Tax Exclusion

  By TroyGould
One of the remarkable changes to the 2010 tax law increases the amount a taxpayer may gift on a tax-free basis from $1 million to $5,120,000...

Don't Give Large Gifts Without Legal Counsel

You have to be extremely careful about giving gifts of significant value in light of the looming threat of the federal gift tax. Right now this...

Understand Tax Laws Before Making Asset Transfers

If you were to enjoy extraordinary financial success one of the first things that may cross your mind would be to share the wealth with your...

Estate Planning Uncertainty in an Election Year

Tax laws have a direct and significant impact on your estate plan. During an election year, such as this year, the fate of many tax laws is...

A GST Can Reduce Heavy Estate Tax Erosion

When you are a child you are taught to understand right from wrong. Because so much effort is put into making this point to you, unfairness can...

Estate Planning and Tax Consequences

Estate planning serves two very important functions. First, it allows you to decide what will happen to your estate assets upon your death. A...

Debt Settlement and Tax Resolution

If you have found yourself in financial hardship, you may believe that you are out of options. However, bankruptcy is not your only choice....

Estate Tax Changes Passed for 2011

As we watch the countdown on New Year's Eve it is a heady time indeed. Another year beckons, full of change and pregnant with possibility....

GRATs with Appreciating Assets

There are two primary advantages to utilizing gift giving as a part of your inheritance planning strategy. For one thing you get to enjoy the...

Speak with an Attorney about Your Gifting Plan

You might have heard that you can give some of your money to your heirs before you pass away without any tax consequences. While this is...

FLP Can Be Effective Solution

It would be logical to consider giving gifts to people that you would otherwise be leaving inheritances to while you are still alive in an...

IRA Withdrawals

You can withdraw money from your IRA at any time, but there are sometimes penalties or income tax associated. The rules vary depending on...

Trusts: Revocable and Irrevocable

Trusts, both revocable and irrevocable, offer a variety of options that allow you to tailor your estate plan to your specific needs and desires....

How to Lower Estate Taxes

Federal estate taxes are taxes that will be owed upon your estate after you pass away. Your estate will owe taxes if your assets are worth more...

Tax Benefits to New Immigrants / Returning Senior Residents to Israel

Over the last few years Israel has become an attractive jurisdiction for tax planners, the following article will provide information on some of...

Bilateral Taxation Avoidance Agreement Signed between Malta and Guernsey

A comprehensive double tax agreement between Guernsey and Malta was signed on the 12th March, 2012.

Estate Planning and Tax Consequences

While the ability to decide who will receive your assets upon your death is certainly an important feature of estate planning, the ability to...

The New Cyprus International Trust Law

After much debate the House of Representatives finally voted into law the new Cyprus International Trust Law. The bill that was enacted on the...

New Israeli Tax Circular on Residency

The Israeli Tax Authority issued recently a tax circular entitled: Determining the date of ceasing to be Israeli resident and the date when a...

Ukrainian Tax Inspection: Know Your Rights

From a purely legal perspective, there is no such term as “raid” in the Tax Code. All the necessary forms, legal grounds and procedure for...

The Income Tax Treaty between the Democratic Republic of Congo and Belgium Entered in Force

On 10 February 2012, the income tax treaty (Treaty) between Belgium and the Democratic Republic of Congo (DRC) was published in the Belgian...

Estate Planning and Tax Consequences for Leominster Residents

As a Leominster resident, you have probably given considerable thought and consideration to how you wish to structure your estate plan in order...

Generation Skipping Trusts to Slow Asset Erosion

San Jose estate planning attorneys invariably speak to many clients who feel as though the estate tax is fundamentally unfair. Their clients...

Tax Savings Can be Realized With a QPRT

Home ownership has long been the foundation of wealth building in the United States. If you are like most Americans, your home is your single...

New Jersey Business Tax Lawyers Explain TEFRA

TEFRA stands for the Tax Equity and Fiscal Responsibility Act of 1982; however, it has evolved into a much different use in the parlance of New...

Investing in the Democratic Republic of Congo: Tax Highlights

Like all tax systems, the Congolese tax system is characterized by the multiplicity of taxes notably: direct taxes on revenue; indirect taxes on...

Estate Planning and Tax Consequences

There are two basic reasons why estate planning is so important. First, estate planning allows you to decide what will happen to your assets...

Tax Free Services and Internet Purchases

With the ever increasing amount of taxes, consumers have found ways around some of the rules for the time being. One recent way in which they...

Estate Tax Parameters Subject to Change

After you pass away, the transfer of assets to your loved ones may seem like a relatively simple and straightforward task. It should be but the...

Gift Tax Exemption and Exclusion

For anyone with a substantial estate, the never-ending search for mechanisms to transfer those estate assets without incurring estate taxes...

Double-Taxation Agreements in Spain Expands and the List of Countries Classified as Tax Havens is Shortened

To date there are 80 Double Taxation Agreements in force in Spain. For some years, the number of these agreements has been increasing...

New Limits for Offsetting Losses of Spanish Companies and Extension of the Offsetting Deadline

In the context of a severe lack of liquidity in the Spanish public finances and with the purpose of increasing revenue for Corporate Tax...

Entry Into the Spanish Market Through a Representative Office and the Implications for VAT and Corporate Tax

Our firm often deals with consultations on the effects of VAT for a foreign company developing an activity in Spain through a representative...

Cross Border Issues - Israel and Canada

For parties with assets and or beneficiaries in multiple jurisdictions it is imperative to ensure a proper estate plan is in place. Unless...

Estate Planning and Tax Considerations

As part of the Federal Economic Growth and Tax Relief Reconciliation Act of 2001, Congress temporarily eliminated estate taxes for the year 2010...

One Tax Bill Beats Two

If you were to ask the typical person walking down the street he or she would probably tell you that a certain amount of taxation is necessary....

Free Economic Zones in Moldova and the Benefits Offered by Them

In accordance with national law, free economic zones (free enterprise zones) are part of the customs territory of the Republic of Moldova,...

Double Taxation Avoidance Agreements and Taxation of Controlled Foreign Companies (“CFC”) in Turkey

Although it has been long time to have CFC regulation in Turkey, in parallel with the increasing rate of growth of Turkish economy, many major...

Increase of the Cyprus VAT Rate, but Still the Second Lowest in EU

The Cyprus Parliament approved last December the increase of the VAT rate by 2%, i.e. from 15% to 17%, and this new 17% VAT rate will be...

What is a Ponzi Scheme? Your New Jersey Tax Lawyer Explains

You’ve probably heard a lot about Ponzi schemes recently in the news — about people becoming unimaginably wealthy through fraud, only to watch...

Israel Tax Summary for 2012

Israeli tax law system, tax rates, and update of new changes following Israel Tax Reform: Trajtenberg Proposals.

Lending a Helping Hand Can Reduce the Taxable Value of Your Estate

You gain a sense of satisfaction from acts of generosity that really cannot be adequately described in words. Being in a position to help others...

Calculating Property Taxes into Your Budget

It’s vital to understand how much your property taxes are going to cost before you purchase a property. If complications with your taxes arise...

Estate Taxes - How to Plan Your Estate to Avoid Them

Most people are accustomed to taking into account the tax ramifications of purchases expenses and investments as they apply to personal income...

Avoiding Tax Scams

Tax scams involve trying to cheat individuals out of their money. But it can also involve cheating the government, too. While some of these...

Fitchburg Estate Planning Attorney Discusses Grantor Retained Annuity Trust

If you have spent a lifetime building up your estate, then you likely don’t want to lose half of it to estate taxes upon your death....

Attracting the “Best of Breed” for Malta’s Financial Services Industry

An outline of the Highly Qualified Persons Rules, 2011 - Managing Growth - Malta has attracted much media attention as an up-and-coming onshore...

Tax Information Exchange Agreement Signed between Malta and Gibraltar

Malta and Gibraltar signed a Tax Information Exchange Agreement (TIEA) on the 24th January, 2012. It is understood that the Malta - Gibraltar...

Estate Tax Changes for 2011

In estate planning circles the estate tax is always a core issue, but it was an especially hot topic in 2010. A provision contained in the...

Death and Taxes

The “death tax” is a euphemism for the estate tax. Estate tax is imposed "on the transfer of the taxable estate of every decedent who is a...

Tax Information Exchange Agreement Signed between Malta and the Bahamas

A Tax Information Exchange Agreement (TIEA) has been signed between Malta and the Bahamas enabling a full exchange of information between the...

Hurdling a Round of Taxation

Taxes are an interesting thing because they can spawn conflicting emotions. Money is hard earned and nobody wants to part with a significant...

A Look at the Future of the Estate Tax

Back in 2010, there was a lot of uncertainty surrounding the estate tax. The tax was repealed for that year due to provisions contained within...

How to Use the Gift Tax Exemption and Exclusion

Anyone who has a substantial estate knows that avoiding estate taxes is one of the primary goals of estate planning. The estate tax rate changes...

Trust Fund Recovery Penalty – A Nightmare for Businesses

Payroll tax problems are highly unique by a number of measures. Payroll tax problems are generally regarded much more seriously than other tax...

Post-Assessment Collection of Delinquent State Taxes in Hawaii

In 2009, Hawaii enacted a prospective fifteen-year civil statute of limitations for collection for most assessed tax obligations (Net Income...

Florida Estate Taxes

Many states enacted estate tax programs which supplemented the federal estate income tax laws. Known as “pick-up” taxes, state estate tax...

Reducing Tax Exposure

The estate tax can have an enormous impact on the family members that you will be leaving behind and it is something to be very aware of when...

IRS Tax Liens – How To Release Them

While IRS Tax Liens are not as serious as levies, they are a warning shot across the bow and if action is not taken to satisfy the IRS, a levy...

Wage Garnishment – How to Stop the IRS

IRS wage garnishment can be stopped in essentially two ways; Either solve your tax problem or to cancel or delay the effects of the wage levy....

Get Help for IRS Problems by an Experienced Tax Lawyer

Below are answers to common questions troubled taxpayers ask when deciding on whether or not to retain the services of a tax attorney.

Federal Income Taxes on Inheritances

In most cases, the Internal Revenue Service does not impose federal income taxes on inheritances. Thus, recipients of large inheritances may not...

Bulgarian Corporate Income Tax Rate 2012

Planning all corporate taxes: income taxes, VAT, withholding taxes, dividends taxes and considering the tax impact on your business, should play...

Operating a California Corporation

The purpose of this Memorandum is to discuss certain procedures and operations relevant to a newly-formed California corporation. The summaries...

Do I Need to Worry about Estate Taxes?

In America, it seems as though we are always worrying about one tax obligation or another. Everything from our income to the food we purchase is...

Foreign Loans in Belarus

Loan agreement is one of the most common ways of financing in Belarusian companies when a foreign shareholder provides a loan to the Belarusian...

An Intelligent Response to Estate Tax

On the surface it would seem as though you no longer have to worry about the estate tax if your estate is worth $5 million or less....

Repeal of Estate Tax is a Possibility

When the tax relief measure was signed into law in December that extended the Bush era tax cuts the estate tax parameters were affected. If the...

Understanding How Value Added Tax (VAT) is Applied in the Democratic Republic of Congo

Almost unknown in 1960, the value added tax (VAT) is now found in more than 130 countries, raises around 20 percent of the world’s tax revenue ,...

German Law on Inheritance and Gift Tax: New Regulations for Situs Taxation in Force

The article outlines the new regulations for situs taxation in Germany. Pursuant to Section 16(1) of the German Law on inheritance and gift tax...

German Inheritance Tax - Tax Liability in Germany

The article outlines the rules of tax Liability in Germany. According to § 2 Erbschafts- und Schenkungsteuergestz (ErbStG) unlimited inheritance...

Estate Tax

There are a lot of things about the estate tax that many people simply can't digest, and this is why there is always pressure being applied from...

Estate Tax Exposure

A lot of people call the federal estate tax the "death tax, “and many consider it a sarcastic term. Some probably do use it in this spirit, but...

Tax Differences between Contractors and Employees in New Jersey

Many businesses pay two different kinds of workers: contractors and regular employees. Come tax time, many businesses face worker classification...

A Look at the Gift Tax

We have all experienced the indescribably pleasant feeling that goes along with an act of giving. Making someone else happy is a great...

Gift Tax Raises Questions

We have a federal gift tax in place, and at the present time it is carrying a 35% rate. When you think about any tax that will consume over a...

Tax Discounts with Family Limited Partnerships

Significant gifts come with a cost in the United States via the imposition of the federal gift tax. This tax is carrying a 35% rate at the...

“Green” (“Feed-In”) Tariff in Ukraine

The “green” tariff for electricity (also known in many other jurisdictions as the “feed-in” tariff) was introduced in Ukraine relatively...

Real Estate Transactions in Mexico in a Nutshell

The Mexican Constitution expressly forbids the direct acquisition of real estate by foreign individuals or foreign entities in the so-called...

Direct Asset Transfers Free of the Gift Tax

Taxation is an interesting thing, and a lot of people would question why you should have to pay a tax when you give someone a gift.

Giving Gifts Can Provide Tax Savings

The federal estate tax looms as a significant source of asset erosion and taking steps to mitigate your estate tax exposure is a big part of...

Reducing the Taxable Value of Your Home

When you are inventorying your assets in anticipation of distributing them to your loved ones after your death you may find that your home is...

Delinquent Taxes - Get Help From an Experienced Tax Attorney

Taxes get the distinction of being called delinquent by the IRS under a specific set of circumstances. Once the due date of a tax liability...

The Hand of Taxation

Much of estate planning focuses on the reduction or elimination of taxes, with good reason. Consider the “hand of taxation «which represents all...

Estate, Gift, and Generation-Skipping U.S. Tax Treaties

The U.S. is a signatory to several important estate, gift, and generation-skipping transfer tax treaties. The article gives a short introduction...

Access and Admission of Foreign Investors in the Democratic Republic of Congo

This articles discusses the Investment Legislation and its Reasoning; Foreign Investment Establishment, Registering and Licensing Processes;...

The Foreign Investment Operations in the Democratic Republic of Congo

This article shares the views on the Foreign Investment Operations in the Democratic Republic of Congo including Employment, Business Taxation,...

Choosing the Right Charity

Giving to charity is something that is personally rewarding, but it can also have value from a tax perspective.

Estate Tax Changes Loom Over Horizon

One of the things that you have to keep in mind when you are serious about crafting your legacy is the fact that updates to your estate plan are...

Business Environment in the Republic of Belarus: Review of Tobacco Industry

Law Firm Glimstedt presents the overview of tobacco industry in Belarus. The article covers the following matters: current business trends and...

Tax Measure Details Relevant to Estate Planning

As we allow the impact of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to set in some of the finer...

IRS Tax Problems for Federal Taxpayers to Avoid

IRS Tax problems can quickly get out of control. It is crucial any taxpayer who has fallen behind on their federal taxes review their situation...

IRS Tax Lawyers Solve Your Tax Problems

Many people from all walks of life can end up with unwanted attention from the Internal Revenue Service. From the average Joe to self employed...

What is a Valuation Dispute?

A classic case of a dispute that is mostly just a case of disagreement between the government and the taxpayer is an IRS valuation dispute in...

2013 to Bring Changes to Estate Tax

They say that the only constant is change, and some of these changes are for the better while some of them are for the worse.

Payroll Taxes and Trust Fund Recovery

The IRS has made some changes, taking advantage of new payment technologies that remove any wiggle-room for employers to make the payroll tax...


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