President Biden has made tax proposals which effect estate and gift tax. Currently, there is a unified exemption for after death estates and lifetime gifts in the amount of $11.7 million. This means a person may leave $11.7 million in inheritance; make lifetime gifts up to $11.7 million; or a combination of inheritance and gifts […]
I previously wrote an article on the taxation of cryptocurrency, available for review by clicking here. It details the tax ramifications and tax treatment of cryptocurrency property owned by a taxpayer. While the tax rules pertaining to cryptocurrency have not changed, compliance enforcement pertaining to complete and accurate reporting of virtual currency transactions is expected to […]
Preparing Your Vehicle for Your Summer Road Trip Each summer, millions of Americans pack up their vehicles and load their families into the car for a summer road trip. Fond memories are made and belly laughs are almost guaranteed. However, long trips in the car can increase the potential for vehicle breakdowns. To keep yourself, […]
On March 25, 2021, in the case of Ford Motor Co. v. Montana Eighth Judicial District Court et al. the Supreme Court of the United States rejected arguments by Ford Motor Company (Ford) that they should not be subject to personal jurisdiction in two product liability cases (one in Montana and one in Minnesota) because they are […]
To help taxpayers during the COVID-19 pandemic, the IRS postponed the 2019 tax return filing deadline from April 15 to July 15, 2020 and postponed the 2020 deadline from April 15 to May 17, 2021. While such postponements may seem insignificant, due to the Internal Revenue Code (Code) and IRS rules, the National Taxpayer Advocate […]
With the recent lifting of travel restrictions and school letting out for the summer, parents might be planning last minute family vacations. For parents with minor children who are separated, going through a divorce, or already divorced, they do not only need to plan their trip around their own schedule, but also the schedule of […]
Hon’ble Delhi High Court in a recent common judgment passed on June 01, 2021, in “Arjun Ahluwalia Vs. Air India Limited” and other similar forty (40) other petitions involving pilots of Air India Ltd. (‘Airline’), allowed the writ petitions in favour of the employee pilots who sought withdrawal of their resignation letters tendered pre-Covid-19 time, […]
Swedish Parliament has, last Wednesday, voted in favour of the Government’s proposal to terminate Sweden’s Double Taxation Treaty (“DTT”) with Portugal. The reason for terminating the agreement is that the country has not yet introduced the amended provisions that the two countries agreed on in May 2019. Such changes were mostly focused on the taxation […]
As a member of the European Union, Portugal offers access to a market of 27 countries with around 450M consumers. It provides entry into a global market of 220M of Portuguese speaking consumers. Competitive factors of Portugal as a destination for investment: Competitive conditions for real estate investment Attractive tax regime for expatriates and Portuguese […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Thomas E. Nannicelli of Nannicelli Law Office. Thomas has joined IR as our exclusive Debt & Asset Recovery and Real Estate Member in Massachusetts. Attorney Thomas E. Nannicelli provides the Norwood, MA, and surrounding areas with real estate law, business and commercial […]
A STEP BY STEP GUIDE The Portuguese real estate market has been in the international spotlight for investment, due to the growth recorded in recent years. This exponential growth is fundamentally due to demand from large multinationals, residents,entrepreneurs, students, among others, making it one of the most sustainable and attractive markets in Europe. To read […]
Eviction Moratorium Extension On May 4, 2021, Governor Cuomo signed a bill extending the eviction moratoriums set forth in the COVID-19 Emergency Protect Our Small Businesses Act of 2021 (the “Commercial Moratorium”) and the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (the “Residential Moratorium”). These extensions (collectively, the “Extension”) continue to protect residential […]
