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Welcome to part 1 of our Allen Barron International Tax Primer for US Taxpayers and Expatriates. The United States is one of the few countries in the world that taxes its citizens on...

On March 19th, 2023, UBS Group announced it had agreed to buy its beleaguered rival Credit Suisse. However, mere days later a Senate Finance report has revealed that despite Credit Suisse's 2014...

/PRNewswire/ -- Generally, there are two main types of federal tax fraud punishment you could face. You may be faced with civil tax fraud, usually punished...

Pharma fraud; foreign affairs; spreading the scheme around; and other highlights of recent tax cases.

How Will the IRS Monitor and Monetize the Elusive Blockchain? The crypto industry is seeing increasing adoption and explosive growth, clearly evidenced by the ProShares...

To embed, copy and paste the code into your website or blog: In a previous post, we discussed the tax implications for U.S. beneficiaries who receive a distribution from a foreign trust. That discussion assumed that the trust in question was, in fact, a foreign trust for U.S. federal tax purposes. What, then, makes a trust a "foreign" trust? The Internal Revenue Code unhelpfully provides that a foreign trust is any trust that is not a domestic trust. 1 Accordingly, whether a trust is a foreign ...