U.S. Government to Use the Treasury Department to Identify Individuals Owning Foreign Assets

At the G8 meeting in Ireland, the White House announced it's intent to facilitate international tax and business arrangement transparency by promising a plan to assist law enforcement and tax authorities in identifying those who own and control entities outside of the United States. We have been reporting on the...

Filing 2012 tax returns is bound to be a more frustrating process for California’s wealthiest residents

For California's wealthiest residents, filing their 2012 tax returns is bound to be a more frustrating process. In November 2012, a public vote led to the passage of Proposition 30, which retroactively increases tax rates for state residents earning $250,000 or more per year. The federal fiscal cliff deal that...