How to avoid the federal estate tax when collecting life insurance proceeds

Date: July 19, 2017 By: Bill Bischoff How to avoid the federal estate tax when collecting life insurance proceeds Beneficiaries generally receive death benefits free of federal income tax, but what about the federal estate tax? Having enough life and …

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Why You Should Get Around to Drawing Up a Will

Date: February 8, 2017 By: Ann Carrns Why You Should Get Around to Drawing Up a Will No one likes to think about dying — and that is probably one reason most Americans lack wills. Fewer than half of American …

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Utah Jazz Owners Demonstrate Power of Dynasty Trusts

Date: February 6, 2017 By: Jeramie J. Fortenberry Utah Jazz Owners Demonstrate Power of Dynasty Trusts Utah Jazz owner Gail Miller recently made basketball news by announcing that she and her family had transferred the NBA team into a dynasty …

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New Aventura Address

The Aventura office of Dorot & Bensimon PL has moved to a new location.  The new address for the Aventura office is: 20295 NE 29th PL, Suite 201 Aventura, Florida 33180

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Snitching On Your Friend’s Offshore Accounts Might Yield Only Stitches, Not Rewards

Date: April 13, 2016 By: Ajay Gupta, Snitching On Your Friend’s Offshore Accounts Might Yield Only Stitches, Not Rewards You may have a friend who you know is raking it in, earning large amounts of mostly cash income. But you …

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Tax Attorneys See Reason for Clients to Worry About Panama Papers Inquiries

Date: April 19, 2016 By: Monika Gonzalez Mesa, Daily Business Review Tax Attorneys See Reason for Clients to Worry About Panama Papers Inquiries Some tax attorneys are getting more calls from clients concerned about offshore accounts, and the attorneys expect …

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Malta’s Leaders Face Scrutiny as Panama Leak Contagion Broadens

Date: April 18, 2016 By: Karl Stagno Navarra Malta’s Leaders Face Scrutiny as Panama Leak Contagion Broadens Maltese Prime Minister Joseph Muscat’s government survived a no-confidence vote on Monday following revelations from a leaked trove of legal documents that the …

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4 Hidden Costs of Selling Your Home

Date: April 17, 2016 By: Maurie Backman 4 Hidden Costs of Selling Your Home Don’t let these catch you off guard. Whether you’re looking to relocate, downsize, or upgrade to a larger space, selling a home can be a stressful …

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IMF, World Bank, UN unite to fight tax evasion

Date: April 19, 2016 By: AFP IMF, World Bank, UN unite to fight tax evasion Washington (AFP) – Four of the world’s largest multilateral organizations joined hands Tuesday in the fight to help developing countries fight tax evasion. The International …

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In defence of ‘tax havens’: offshore banking is not the same as dodgy dealing

Date: April 13, 2016 By: Nigel Green In defence of ‘tax havens’: offshore banking is not the same as dodgy dealing Offshore investors are not just the uber rich highlighted by the Panama Papers. Many are hardworking people looking for …

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Panama Papers reveal Hong Kong’s murky financial underbelly

Date: April 14, 2016 By: AFP Panama Papers reveal Hong Kong’s murky financial underbelly Jasmine Li was still a student when she opened her first offshore bank account through Mossack Fonseca Hong Kong, but the shady world she entered that …

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Is the end near for offshore tax havens?

Date: April 13, 2016 By: Mustapha Kamil Is the end near for offshore tax havens? Before last week, we perhaps knew Panama more because of the Panama Canal, a piece of engineering marvel that, since its opening in 1914, has …

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Top European powers join forces to clamp down on tax evasion

Date: April 14, 2016 By: Balazs Koranyi and Lindsay Dunsmuir Top European powers join forces to clamp down on tax evasion Europe’s biggest nations launched a joint scheme on Thursday to clamp down on tax evasion and corruption, responding to …

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World Bank: Tax evasion has “tremendous negative effect” on poverty fight

Date: April 14, 2016 By: EFE World Bank: Tax evasion has “tremendous negative effect” on poverty fight World Bank President Jim Yong Kim said Thursday in reference to the scandal surrounding the leak of the Panama Papers that tax evasion …

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What’s new this year in US expat taxes

Date: April 15, 2016 By: Kaitlin M. Krozel What’s new this year in US expat taxes While it’s nearly impossible to master the U.S. tax code, you don’t need to be a guru on the subject to demonstrate to your …

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Before the Panama Papers: The Low Point in the History of Offshore Accounts

Date: April 15, 2016 By: Andrew Feinstein Before the Panama Papers: The Low Point in the History of Offshore Accounts It has been called the most corrupt transaction in history—and it inadvertently diverted money to two of the 9/11 hijackers …

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Five European nations will share information to curtail tax evasion

Date: April 14, 2016 By: The Washington Post Five European nations will share information to curtail tax evasion TAXES 5 European nations try to curb tax evasion Five European nations on Thursday launched a joint effort to clamp down on …

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Major economies deal ‘hammer blow’ to tax evaders

Date: April 15, 2016 By: Holly Ellyatt Major economies deal ‘hammer blow’ to tax evaders Europe’s five largest economies have announced plans to share more information on business owners in a bid crack down on tax evasion. The U.K., Germany, …

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The Tax Advantages Of Life Insurance And Annuities

Date: April 15, 2016 By: Cyril Tuohy The Tax Advantages Of Life Insurance And Annuities Income tax returns need to be postmarked by Monday, April 18, unless advisors file for an extension. This year’s tax tips come courtesy of Prudential, …

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IRS Stretched Too Far in Split-Insurance Estate Planning Case

Date: April 15, 2016 By: Erin McManus, Daily Tax Report IRS Stretched Too Far in Split-Insurance Estate Planning Case April 14 — The U.S. Tax Court provided another tool for estate planners and their clients to keep the family business …

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