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Insight on what’s happening in the world of tax, law and accounting so you can stay ahead.

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Alexander Marino is quoted in an article titled “Trump bump: U.S. citizenship renunciation inquiries surge in Canada, lawyers say” on CBC News, January 28, 2025.

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Alexander Marino is quoted in an article titled “‘Scary’: Why US expats are tossing their citizenships – and it’s not just Trump” in The Sydney Morning Herald, November 1, 2024

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Kenneth Keung is quoted in the Investment Executive article titled “Quirk in capital gains tax rules raises risks for incorporated clients,” published on July 24, 2024.

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Kenneth Keung is quoted in the Investment Executive article titled “How should trusts flow out capital gains to beneficiaries in 2024?”, July 5, 2024.

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Kim G C Moody, Kenneth Keung, and Christopher Ellett are quoted in the Investment Executive article titled “When is the latest clients can sell assets prior to June 25?”, published on May 17, 2024.

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The US government is giving the IRS an extra $80 billion in funding under the newly passed Inflation Reduction Act. Where’s that extra money going to come from?

The Inflation Reduction Act seemingly spells bad news for US expats around the world as it includes $80 billion in extra funding for the IRS.

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Submission Made to the Alberta Government Proposing Amendments to the Judicature Act to Improve the Ability to Correct Bona Fide Mistakes

The Supreme Court of Canada’s 2016 and 2022 decisions in the Fairmont Hotels and Collins Family Trust cases respectively have substantially reduced the availability to residents of all provinces – except Québec – of the equitable remedies of rectification and rescission to correct a tax-related mistake in completing a transaction or nullify the transaction entirely.

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The Inflation Reduction Act of 2022

On Sunday, August 7, 2022, the US Senate passed the Inflation Reduction Act of 2022 (H.R. 5376). The vote to pass the bill was strictly on party lines.

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Lesson from the FCA’s Decision in Paletta: Seek a Legal Opinion to Obtain Sound Advice – Don’t Rely on Informal Communications

The process of obtaining comprehensive legal or accounting advice on the tax consequences of a proposed transaction involves a taxpayer disclosing all relevant details of that proposed transaction to his lawyer or accounting tax advisor.

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USCIS Publishes New Forms for EB-5 Investor Program

USCIS announced revisions to its Form I-526, Immigrant Petition by Alien Entrepreneur, used for EB-5 Investor cases.

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Countries Around the World Offer Tax-Free Status – But US Citizens Need to Be Aware of the Pitfalls!

Golden Visa programs have been a boon to many countries that have seen their economies benefit from an influx of foreign capital. While these programs offer many advantages (including low and even 0% tax rates), US citizen buyers beware.

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***CLICK FOR ALL NEWS***

Alexander Marino is quoted in an article titled “Trump bump: U.S. citizenship renunciation inquiries surge in Canada, lawyers say” on CBC News, January 28, 2025.

***CLICK FOR ALL NEWS***

Alexander Marino is quoted in an article titled “‘Scary’: Why US expats are tossing their citizenships – and it’s not just Trump” in The Sydney Morning Herald, November 1, 2024

***CLICK FOR ALL NEWS***

Kenneth Keung is quoted in the Investment Executive article titled “Quirk in capital gains tax rules raises risks for incorporated clients,” published on July 24, 2024.

***CLICK FOR ALL NEWS***

Kenneth Keung is quoted in the Investment Executive article titled “How should trusts flow out capital gains to beneficiaries in 2024?”, July 5, 2024.

***CLICK FOR ALL NEWS***

Kim G C Moody, Kenneth Keung, and Christopher Ellett are quoted in the Investment Executive article titled “When is the latest clients can sell assets prior to June 25?”, published on May 17, 2024.