Tax Law

Recent Posts

U.S. FATCA Information Reporting: Fishing for Forsaken Tax Revenues
Posted on 20 Dec 2012 by LexisNexis Tax Law Community Staff

* by Lawrence A. Kogan, Esq. FATCA's Objective The Foreign Account Tax Compliance Act ("FATCA"), which added new Chapter 4 to Subtitle A of the Internal Revenue Code (comprising Sections 1471 , 1472 , 1473 , and 1474 ) was signed into... Read More

Foreign Acoount Tax Compliance Act (FATCA) and Related HIRE Act Provisions
Posted on 18 Jan 2012 by LN Tax Law Staff

The Foreign Account Tax Compliance Act (FATCA) was enacted in 2010 as part of the Hiring Incentives to Restore Employment Act (HIRE) [111 P.L. 147] in order to help fight tax evasion by U.S. taxpayers with foreign accounts. FATCA generally applies to... Read More

New Jobs Bill's Tax Provisons Favor Employers
Posted on 25 Mar 2010 by Patricia Hughes Mills, J.D., L.L.M.

Hiring Incentives to Restore Employment Act ("HIRE" Act) tax provisions include a payroll tax holiday for employees hired in 2010, along with an employer tax credit if those employees are retained for a year. HIRE also increases business assets... Read More

Reporting Obligations of U.S. Beneficiaries of Foreign Trusts and New Form 8938
Posted on 20 Apr 2012 by Diane L. Mutolo

In 2010, Congress enacted the Foreign Account Tax Compliance Act (FATCA) as part of the Hiring Incentives to Restore Employment Act ("the HIRE Act"), and the legislation amended the Internal Revenue Code with the goal of increasing foreign account... Read More

Hiring Incentives to Restore Employment Act - An Analysis
Posted on 26 Mar 2010 by Gerald W. Paulukonis, J.D.

This article discusses the tax provisons of H.R. 2847, which was signed into law by President Barack H. Obama on March 18, 2010 and enrolled as Public Law 111-147. Although a key focal point of the legislation was extending jobs, there were numerous tax... Read More