ARCHIVED BLOG POSTS
2020
When a partner enters into a sale or exchange of their partnership interest, there are often lurking tax surprises—such as unexpected phantom income triggers. Sales of partnership interests are notoriously fraught with potential tax traps for the unwary. It is, in fact, even possible to trigger...
02/19/2020
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Taxpayers with interests in foreign financial assets, financial accounts, and/or foreign trusts may have certain tax reporting obligations with the IRS. For example, taxpayers with a financial interest in or signature authority over foreign financial accounts with an aggregate value of over $10,...
02/18/2020