Issue Spotting a Contracts Question
Issue Spotting a Contracts Question from Michael DeBlis III, Esq., LLM
Breach of Contract: What You Need to Know
Breach of Contract from Michael DeBlis III, Esq., LLM
How to Get Out of a Contract You Don’t Want to Be In: Defenses to a Contract
How to Get Out of a Contract You Don’t Want to Be In: Defenses to a Contract from Michael DeBlis III, Esq., LLM
How to Draft An Airtight Contract that Houdini Can’t Even Escape
How to Draft An Airtight Contract that Houdini Can’t Even Escape from Michael DeBlis III, Esq., LLM
FATCA, the IRS, and You: The Importance of Reporting
If you have offshore bank accounts, the reality of FATCA should be less mystery and more common knowledge. Short for the Foreign Account Tax Compliance Act, FATCA is the legislation behind the government’s ability to find your funds anywhere in the world and, subsequently, bring down punitive actions against those not following the rules. Bottom line? If […]
How to Deal With A Dreaded FATCA Letter From Your Foreign Bank
Have accounts overseas? Think they’re hidden from the U.S. government? Think again. As many Americans with foreign bank accounts are startled to discover, the U.S. government can and will find your bank accounts and use information from your bank to confirm your compliance with U.S. tax law. From millions in the bank to a few dollars sitting […]
Is U.S. Citizenship-Based Taxation On Its Way Out?
The prayers of Americans living overseas may have finally been answered. A bill is in the works in the United States Congress to establish “Territorial Taxation for Individuals” (TTFI). If passed, the bill would change the current tax regime from one of “U.S. citizenship-based taxation” to “residence-based taxation.” This would go a long way to […]
What Items Are Taxable?
A number of events can give rise to taxable income even though you haven’t received any cash. In this podcast, we’ll discuss constructive receipt and what it means to have a legal right to a payment; tax consequences for a plaintiff in a personal injury action or employment-related matter; cancellation of debt income; and phantom […]
How Long is Too Long to Retain Old Tax Records?
Pop quiz: How long should you hold on to your tax returns? If you guessed at least three years beyond the due date of the return, then you’re not alone. That is the standard answer that the vast majority of taxpayers give. Most taxpayers have also learned that if they were able to obtain an […]
On or Off the Ice, There Are No Miracles in the Case of Presley v. U.S.
The tale of the 1980 U.S. Olympic hockey team is one that will be recounted for generations: a team of fresh-faced college students with a losing track record took on the Soviets, the greatest hockey dynasty in Olympic history, and won. The 4-3 victory under Coach Herb Brooks was unprecedented, unexpected, and, frankly, unbelievable, showcasing […]