Rimon

Entries tagged “tax law and international tax”

Covid-19 Tax News: FBAR filing

insights Covid-19 Tax News: FBAR filing Melinda Fellner · April 9, 2020

COVID news for Taxpayers: Don’t worry about your FinCEN Form 114 (your FBAR) – it is not due until October 15, 2020 You may know that the FinCEN Form 114, Report of Foreign Bank and Financial Accounts (“FBAR”) is used to report a financial interest in or signature authority over a foreign financial account. The…

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Incoming European Commission Leadership Will Continue to Examine Tax Arrangements Aggressively

insights Incoming European Commission Leadership Will Continue to Examine Tax Arrangements Aggressively Stephen Díaz Gavin · October 2, 2019

Incoming European Commission President Ursula von der Leyen has set out as her primary goal moving forward the mission of further unifying Europe and “protecting the European way of life.”  As a result, there will continue to be close oversight and aggressive regulation of non-European companies under the new EC administration set to take office…

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Rimon Partner Susan Klein Recognized by Women in Tax Leaders by Euromoney’s International Tax Review, Again

news Rimon Partner Susan Klein Recognized by Women in Tax Leaders by Euromoney’s International Tax Review, Again Susan F. Klein · November 2, 2018

Rimon’s Susan Klein was listed, for the third consecutive year, in Women in Tax Leaders by Euromoney’s International Tax Review. Women in Tax Leaders by Euromoney’s International Tax Review lists the women advisers who are making an impact in their specialized jurisdictions and industries. The women listed are clearly leaders in tax and have a proven track…

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International Tax Attorney, Ajay Whittemore, joins Rimon as Partner in its San Francisco office

news October 25, 2017

Ajay Whittemore joins Rimon Law as a Partner in its Tax and Trust and Estate groups. Mr. Whittemore’s practice focuses on international tax planning and controversies. In the planning area, Mr. Whittemore advises clients regarding both inbound and outbound matters, including tax treaty analysis, transfer pricing, tax deferral opportunities, and the architecture and implementation of tax-efficient business structures. He also advises private…

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Congress Should Exclude Sales of Services From Any Remote Vendor Tax Collection Legislation. Bloomberg BNA , Daily Tax Report.

insights August 14, 2015

No topic in the state tax world is more controversial than the potential imposition of sales and use tax collection responsibilities on remote vendors (i.e.,retailers lacking substantial nexus with the state at issue). The dispute is loud and public, with battle lines that seem to offer no real hope for compromise. The states estimate that…

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Key Highlights to Tax Professionals of New Offshore IRS Programs

insights June 23, 2014

The Good News: The existing “Streamlined” procedure for non-resident, non-compliant taxpayers has been expanded significantly to permit many more non-filers to qualify for full abatement of penalties. Like the existing procedure, the new procedure (available here) requires taxpayers to file tax returns for the three most recent years and to file foreign bank account reports (FBARs) for…

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Legal Evolution: Serving Clients by Doing More With Less

insights June 24, 2011

Law firms need to take a lesson from their business-clients by utilizing technology to become more efficient and cut costs to clients. During the economic downturn, the quest for efficiency has been a primary focus for many companies struggling to adjust to the new business climate.  Many companies are finding that Web 2.0 technologies are…

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Silicon Valley: Connecting to Israel

insights June 6, 2011

Recent moves into Israel by companies from the Silicon Valley are a reminder that there are still many untapped opportunities for economic cooperation between two of the world’s foremost centers of high technology.  Innovative business cultures and common values make Israel and the Silicon Valley natural partners in the world of high-tech and venture capital.…

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TAX ALERT – New IRS Amnesty for Offshore Accounts

insights December 22, 2010

In his speech before the 23RD Annual Institute on Current Issues in International Taxation in Washington, DC on December 9, 2010, IRS Commissioner Douglas Shulman said that the IRS is “seriously considering” a new partial amnesty program for taxpayers who report secret offshore bank accounts. Shulman said that the IRS may repeat a voluntary disclosure…

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House Passes Changes to Carried Interest Taxation

insights June 10, 2010

On May 28th, the House passed H.R. 4213, the “American Jobs and Closing Tax Loopholes Act.” The Act addresses an array of issues, but has particular signficance for certain partnership and LLC “carried interests” for investment fund managers. If it goes through, the Act would prevent investment fund managers of venture capital, private equity, hedge…

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