In an era of increasing scrutiny on offshore accounts, the U.S. government has aggressively pursued individuals who fail to disclose their foreign financial holdings. The recent case of U.S. v. Leeds, ...

We live in the age of globalization. Businesses are not confined to specific geographic boundaries. Business owners functioning either on a small scale (like the sole proprietor of a costume rental ...

In light of recent enforcement activity, institutions of higher education should review their reporting and disclosure obligations related to foreign entities and individuals under Section 117 of the ...

Cross-border asset protection planning involves delicate balancing of ensuring that trusts are properly classified because foreign trusts carry significant and expensive reporting obligations that are ...