Cypriot

Cypriot Citizenship by Investment

The Cyprus government announced this week the lowering of investment thresholds to obtain Cyprus citizenship.  Previously an individual was required to invest either 5 million Euro if applying individually or…

FBAR Miami New York Tax Compliance

FinCen Expands Geographic Targeting Orders

On July 27th, the Financial Crimes Enforcement Network (FinCEN) announced Geographic Targeting Orders (“GTO”) that will temporarily require U.S. title insurance companies to identify the natural persons behind entities used to pay…

Compliance Issues OVDI Streamlined Procedure Tax Amnesty Tax Compliance

Panama Papers: Department of Justice Continues Investigation on U.S. Citizens

In early May, a massive leak of documents from the Panamanian law firm Mossack Fonseca & Co. known as the Panama Papers showed evidence of the firm creating hundreds of…

Compliance Issues OVDI Streamlined Procedure Tax Amnesty Tax Compliance

Panama Papers: Department of Justice Investigates Mossack Fonseca Employees

Documents, known as the Panama Papers, from the Panamanian law firm Mossack Fonseca & Co., showed evidence of the firm creating hundreds of thousands of shell companies and offshore accounts…

New York Tax Compliance

Art Dealers and New York State Sales Rules

The New York Attorney General’s office announced that Larry Gagosian, a New York art dealer, agreed to pay $4.3 million in unpaid sales taxes, including interest and penalties, for art…

New York Tax Compliance

New York State Corporate Tax Return

In 2014, New York State passed legislation for a major overhaul of New York State Corporate taxation.  It’s seen as one of the largest reforms to corporate taxation in New…

Compliance Issues

Form 8300 Compliance

Form 8300 Report of Cash Payments Over $10,000 Received in a Trade or Business is required to be filed by a person who in the course of a trade or…

New York Tax Compliance

Foreign Students and New York State Taxes

While foreign individuals attending universities in New York on a F-1 student visa may be exempt from federal income tax, they may be subject to New York State (“NYS”) taxation….