Tax Finance & Banking Professional Practice

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IRS Form 4506-T Electronic Signature Requirements

This document includes the requirements for the suggested framework which all IVES Participants must adhere to in order to participate using electronic signatures for IRS Forms 4506-T or 4506T-EZ....more

Weekly Brief: CFPB, Legal Fees & Hashtag Hijackers [Video]

Oct. 18 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the week's most important legal news. The Consumer Finance Protection Bureau is considering a plan to grant unprecedented legal immunity to mortgage lenders....more

Here is Something to Whistle About!- Reflections on the UBS Whistleblower - Tax Reduction and Deferral Strategies for Trial...

Over the last few weeks I have been diligently outlining tax planning strategies for trial attorneys with contingent fee income. These strategies have ranged from structured settlement arrangements using private placement...more

Tax Reduction and Deferral Strategies for Trial Attorneys – Part 5 : Structured Settlement Life Insurance – A Tax-Free...

In Part 5, I focus on the utility of the QSF from an investment funding perspective to illustrate how private placement life insurance can be used in a split dollar life insurance funding format in order to to create a...more

Tax Reduction and Deferral Strategies for Trial Attorneys – Part 4: The Trial Attorney’s Pension Plan

Part I of this series focused on tax reduction and deferral strategies for trial attorneys with contingent fee income using private placement variable deferred annuities in lieu of fixed annuities for structured settlement...more

Trial attorney - Tax Planning Using PPLI and CLATs (Supplemental Presentation)

Part I of this series focused on tax reduction and deferral strategies for trial attorneys with contingent fee income using private placement variable deferred annuities in lieu of fixed annuities for structured...more

Tax Reduction and Deferral Strategies for Trial Attorneys – Part 3

Part I of this series focused on tax reduction and deferral strategies for trial attorneys with contingent fee income using private placement variable deferred annuities in lieu of fixed annuities for structured settlement...more

Tax Reduction and Deferral Strategies for Trial Attorneys – Part 2

Part I of this series focusing on tax reduction and deferral strategies for trial attorneys with contingent fee income examined the use of private placement variable deferred annuities in lieu of fixed annuities for...more

Tax Reduction and Deferral Strategies for Trial Attorneys - Part 1

Trial attorneys are extremely vulnerable to changing tax landscape which is quickly becoming hostile territory. As the Bush tax cuts are due to expire at the end of December 2012, the tax increases will further erode trial...more

How to Pick a Worthy Charity

Clients frequently ask for recommendations for their charitable giving. In some cases, donors have a clear idea of the area of activity to support but do not know how to identify the most worthy charities. Other clients have...more

Income Tax Reduction and Deferral Strategies for Trial Attorney Contingency Fee Income: Part 1—Structured Settlement Annuities...

Originally published in ABA Section of Taxation News Quarterly - Summer 2012. Overview - Structured settlement annuities (SSA) have been recognized by federal law since 1983. The original use of these arrangements was...more

Atlantic Electronics -v- HM Revenue & Customs

Fairness in Justice – Fighting one taxpayer by using the others taxes!.

The Chamber President, The Hon Mr. Justice Warren in the cases of HMRC –v- Atlantic Electronics held AN APPEAL BY HMRC TO disapply Rule 10 of the 2009 Rules is DISMISSED! “The right to opt out from Costs is a recognition of...more

Why Some Law Firms Have Lousy 401(k) Plans

My father is an electrician and my mother always joked that whenever we needed electrical work done in the house, we need to hire an electrician. The story is similar to the tale of the shoemaker’s children that needs shoes....more

Why Attorneys Should Care About Their Clients' Retirement Plans

While plan sponsors, financial advisors, and accountants should know about the potential pitfalls of plan sponsor liability or the need to have a plan design that fits the plan sponsor’s needs, I am amazed that many attorneys...more

IRS Permits Puerto Rico-Qualified Plans to Participate in U.S. Group and Master Trusts for Transition Period, Extends Deadline for...

The U.S. Internal Revenue Service (IRS) announced tax-qualified retirement plans in Puerto Rico may continue to pool assets with U.S.-qualified plans in group and master trusts described in Revenue Ruling 81-100 until further...more

Hedge Fund Failure Predictions and Strategies: How to Catch a Falling Knife and Not Get Cut

Predictions and Suggestions of Morrison & Foerster’s Hedge Recovery/Defense Team. Morrison & Foerster has formalized its multi-disciplinary team dedicated to responding to client service needs in the coming distress cycle...more

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