04.29.20 President Trump’s Impact Payment letter & Foreign Pension Trusts
Rev. Proc. 2020-17 on Foreign Pension Trusts and summary from attorney Andrew Mitchell:
https://intltax.typepad.com/intltax_blog/2020/03/rev-proc-2020-17-exemption-from-filing-forms-3520-and-3520-a-for-applicable-tax-favored-foreign-trus.html
President Trump’s letter to taxpayers getting Impact Payments:
https://www.usatoday.com/story/news/politics/2020/04/28/coronavirus-trump-letter-stimulus-check-recipients-causes-stir/3040031001/
Info on IRS Form 7200 for Advance Payment of Employer Credits due to COVID-19:
https://www.irs.gov/forms-pubs/about-form-7200
Supplemental funds for Paycheck Protection Program plus new money for hospitals, coronavirus testing signed into law:
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-taxnewsandviews-200424.pdf
How Frugal Entrepreneurs Avoid Excess Spending and Taxes
How Frugal Entrepreneurs Avoid Excess Spending and Taxes Getting a business off the ground is never easy. It takes a lot of blood, sweat and tears, but smart entrepreneurs know that it also takes a lot of fiscal responsibility and the ability to say no. Most startup companies have to always be considerate and careful…
Windy City Tax Burden Will Hit NBA Star Hard
Windy City Tax Burden Will Hit NBA Star Hard So how much is $47.5 million really worth? The answer is it all depends on where you live. Most of the NBA’s top free agents recently signed their new contracts, many with new teams, including former Oklahoma City Thunder Star Kevin Durant, who is now a…
Estate Planning for High Net Worth Foreigners
Estate Planning for High Net Worth Foreigners While the U.S. is considered by many to be a place where the wealthy move their money away from, there are also many wealthy people from other countries who are moving more of their money into our country. So what’s behind this big increase of foreigners shipping…
How to Ignite Your Inner Spirit to Pursue Your Passions
How to Ignite Your Inner Spirit to Pursue Your Passions We are all made up of a body and a spirit, or a soul. It’s our soul or spirit that really drives us to do everything we do. Our body is just the tool we use to carry out the desires and passions of our…