March 31, 2017
For High-Income and International Taxpayers: Defensive Tax Planning
By Attorney Morris N. Robinson, CPA, LLM
March 31, 2017
The Importance of Defensive Tax Planning
IRS audit criteria target high-income taxpayers, especially those with reported foreign income or foreign financial assets. Targeted high income taxpayers include:
February 22, 2017
In an attempt to balance his $40.5 billion budget, Massachusetts Gov. Charlie Baker (R) may propose that remote sellers be required to collect Massachusetts sales taxes on sales of tangible personal property made over the internet to Massachusetts residents.
Attorney Morris N. Robinson sent a Letter to the Editor of State Tax Notes, suggesting that Governor Baker's proposal may be both impractical and unconstitutional.
February 6, 2017
United States v. McNicol
829 F.3d 77, (1st Cir. July 15, 2016)
aff’g 2014 WL 4384486, 114 A.F.T.R. 2,d 2014-5919 (D. Mass., 2014)
This is an appeal of summary judgment by the personal representative (the “PR”) of an estate. The lower court found the PR to be personally liable under the federal ...
January 30, 2017
United States v. Holmes
2016 WL 4363398 (SD Tex. Aug. 16, 2016)
Summary judgment was sought by both the taxpayers and the Government for an estate tax liability. The taxpayers contended that the 10-year statute of limitations on collections had expired. The Government disagreed and put forth that the statute of ...
January 27, 2017
BOSTON – January 27, 2017. In an attempt to balance his $40.5 billion budget, Governor Charlie Baker may propose that remote sellers be required to collect Massachusetts sales taxes on sales of tangible personal property made over the internet to Massachusetts residents. A so-called “remote seller” is a seller that ...
December 23, 2016
Financial and tax policies of the United States government can help Americans achieve significant wealth through real estate ownership. These policies tend to favor taxpayers who, like the Trump family, are willing to commit to "the long game”, where the full benefits of real estate ownership accrue over decades and ...
December 22, 2016
December is a big month in the U.S. for donations to charity. Americans open their hearts and wallets to charitable organizations who feed the hungry, shelter the homeless and educate our youth as well as to many other worthy causes. Philanthropy has been part an important part of the American ...
December 6, 2016
The weekend has ended and Art Basel - Miami 2016 has concluded. To many U.S. taxpayers, it’s just another Monday, but to serious collectors who attended this vibrant art fair focused on contemporary paintings and sculptures, this was a major event. Now faced with anticipated shipments and bills, those who ...
December 6, 2016
Massachusetts families of means often establish trusts with Massachusetts resident fiduciaries for the benefit of unborn and unascertained beneficiaries. Later, some of these families leave Massachusetts and reestablish themselves as domiciliaries and residents of other states or even foreign countries. Their unborn children and unascertained beneficiaries may never become Massachusetts ...