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Posts tagged "Tax Evasion"

Syndicated conservation easements drawing IRS scrutiny

The IRS recently issued Notice 2017-10 addressing flaws in what are known as "syndicated conservation easements." The IRS has stressed that legitimate conservation easements (when the owner of land gets a tax deduction for donating use of the land is for a protected purpose such as wildlife or wetland preservation, grazing, historical importance, etc.) are not meant to be impacted by this Notice.

FATCA as an offshore game changer, part 2: many choose to enter OVDP

In the first part of this post last week, we noted the Treasury Department's postponement of some of the withholding requirements that the Foreign Account Tax Compliance Act (FATCA) will require of foreign banks on accounts held by U.S. taxpayers.

FATCA as an offshore game changer, part 1: withholding by foreign banks

Delays in implementing the Foreign Account Tax Compliance Act (FATCA) are nothing new. Writing about such delays today, the day after famed phrasemaker Yogi Berra died, one could rightly say that it's déjà vu all over again.