Comparison of House and Senate Versions of Tax Cuts and Jobs Act

  On December 2, 2017, the Senate passed its version of H.R. 1, the Tax Cuts and Jobs Act.  While the bill must now go to conference committee to reconcile the differences between the House and Senate versions, the following chart summarizes the major provisions of the bill and where […] Read more »

Fundamentals of Probate Litigation

  Administration Procedure and Timing According to an article in the AAA Dispute Resolution Journal, an estimated $41 trillion of wealth will be transferred from the “Greatest Generation” to their children, the Baby Boomers, between 1998 and 2052.  This massive transfer of wealth through estates both large and small has […] Read more »

International Reporting Failures Create Penalty and Statute of Limitations Problems

An ever-growing number of businesses and individuals are going global. Familiarity with the U.S. tax forms that are necessary to properly disclose foreign assets and interests is thus paramount. Four critical forms – Foreign Bank Accounting Re-port (FBAR), 8938, 8621, and 3520 – are summarized, including applicable penalties. K&D associate, Patrick […] Read more »