US citizens who live and work abroad need more clarity from the IRS to prevent them from falling victim to harsh, costly reporting requirements for foreign trusts, taxpayers and advocates told IRS and Treasury Department officials Wednesday.
Many Americans overseas have foreign retirement plans the US regards as foreign trusts that have to file with the IRS. The foreign-trust rules are often unclear and hard to interpret, and the IRS needs to be clearer about when offshore retirement plans do and don’t need to be disclosed, witnesses told the officials at a public hearing.
The competition to select a city to host the new EU Anti-Money Laundering Agency (AMLA) is to get under way in Brussels, with Dublin in contention along with eight other cities. Ireland is competing
Press Release from Carey Olsen, Friday 13 December, 2024. Carey Olsen Asia has maintained its strong position in the offshore legal market, achieving impressive rankings in the Chambers Asia-Pacific
Ahead of a vote in the European Parliament on new debt rules for EU countries, the Greens co-president Philippe Lamberts warned against the “end of the European Union as we know it” in a worst-case
At least $24.2 billion worth of crypto was sent to illicit crypto wallet addresses in 2023, including addresses identified as sanctioned or linked to terrorist financing and scams, crypto research firm