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Tax Law
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The Impact of the American Taxpayer Relief Act of 2012 on Planning for the Future
15 May 2013 by BarryB / No Comments
A number of tax changes were implemented in the American Taxpayer Relief Act of 2012, signed into law on January 2nd of this year. The Act passed in response to the imminent expiration of the “Bush tax cuts” and other tax regulations originally passed in 2001 and 2003.
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Early Detection Training for Dirty Money
11 Apr 2013 by Alexandra Blanco / No Comments
Although current anti-money laundering laws have placed heavier burdens on banks to implement detection training, many suspect overseas transactions go undetected.
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Financial Investigations: Finding and Locating Dirty Money
22 Mar 2013 by Alexandra Blanco / No Comments
The U.S. Department of Justice, Asset Forfeiture and Money Laundering Section (AFMLS) considers asset forfeiture as the “most effective” way to dismantle a criminal organization, which necessarily involves a financial investigation to effectively locate criminally derived assets.
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Forfeiting Dirty Money
02 Mar 2013 by Alexandra Blanco / No Comments
In the past decade, we’ve heard about a myriad of cases involving fraud and other white- collar crimes. In fact, the Federal Bureau of Investigation has identified common fraudulent schemes including Ponzi and pyramid schemes, health care fraud, business fraud and investment fraud.
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Rising Credit Card Fees in America’s Consumer Society
22 Feb 2013 by BarryB / No Comments
A ruling affecting American consumers nearly everywhere went into effect on January 27 without much fanfare, but the reaction to it has been anything but quiet. The new compromise ruling, which states that retailers are allowed to charge consumers up to four percent extra to offset credit card swipe fees, has already become controversial.
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Offshore Bank Accounts: Avoiding Tax or Laundering Money?
31 Jan 2013 by Alexandra Blanco / No Comments
What’s a better way to start off the New Year than to hear about yet another offshore bank circumventing tax laws?
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What the New “Fiscal Cliff” Bill Means
10 Jan 2013 by LaurenL / No Comments
One of the main political news dramas throughout December 2012 was that of the fiscal cliff. The fiscal cliff consisted of a number of deadlines set in place as a result of previous legislation.
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How to Save $49.6 Million in Taxes
23 Jul 2012 by Daniel Cohen / No Comments
If you’re a real estate developer, be aware that you might be eligible for some sizable tax breaks for your development.
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Obamacare: Want Better Health Insurance? Pay an additional 40% in tax.
23 Jul 2012 by Joe Reilly / No Comments
One of the boldest taxes in Obamacare, aside from the individual mandate of course, is the excise tax on so-called “Cadillac Plans”. This tax effectively makes it illegal to buy better coverage by imposing a 40% (yes, FORTY percent!) tax on any plan with a premium in excess of what the government thinks is “fair”.
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It’s a Tax! ObamaCare Lives, but Still Expensive
04 Jul 2012 by Joe Reilly / No Comments
Well, you heard it from the Supreme Court – it’s a tax. Of course, you didn’t hear it from Obama (“it’s not a tax”), or from his administration. We almost heard it from former Speaker of the House (“it’s a ta… penalty”), but she corrected herself. Now that the Patient Protection and Affordable Care Act has been upheld and reclassified as a tax, what does it mean for the taxpayers?
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