WC eNews
Did you Know?
For many years, Williams Coulson has
been recognized as a leading law firm in Estate Planning.
Less appreciated, however, is the firm’s sophisticated business
and transactional practice. Over the past year, the
attorneys at Williams Coulson have represented buyers and
sellers in third-party transactions with a value of over $1
Billion Dollars. The firm has seamlessly integrated its
specialized knowledge of tax and business transactions to
produce highly desirable results—both short-term and
long-term—for buyers, sellers, company executives and closely
held business owners.
Welcome to WC eNews where we bring you periodic updates on current business and estate planning issues and opportunities.
MAKING THE BEST OF BAD CHOICES: DEALING WITH OFF-SHORE TAX
SHELTERS AND THE IRS
Because of increased IRS scrutiny, U.S. taxpayers with
unreported income from foreign bank accounts are assessing their options
regarding IRS disclosure. After more than two decades of effort, the IRS
crack down on the use of foreign bank accounts to evade U.S. income
taxes is finally achieving success....VIEW NOW
IRS CLARIFIES THEFT LOSS DEDUCTIONS
Perhaps as a side effect of current economic conditions, there
has been a recent increase in reported thefts, embezzlements and other
criminally fraudulent activity. The confessed Ponzi scheme involving
Bernard Madoff involves unprecedented losses to investors. Other
incidents appear to involve smaller losses, sometimes involving trusted
employees or other insiders. ....VIEW NOW
Thank you for reading this issue of WC eNews.
Updated 6/09
