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Estate Litigation Archives

Foes of offshore-account tax law dismayed by SCOTUS ruling

Legions of taxpayers and estate holders in California and across the country have dreaded for years the acronym FATCA and what it stands for. The Foreign Account Tax Compliance Act enacted as federal law by Congress in 2010 has long been viewed as a near limitless power often wielded by the IRS in selective and unfair ways.

Long-time IRS overseas compliance program rapidly ticking down

Americans residing abroad or living domestically with overseas financial holdings have been a collectively peeved bunch for years in their dealings with the U.S. Internal Revenue Service. Legions of them have been notably put out -- and rendered fearful -- by agency exactions concerning their overseas financial holdings.

Did contrasting family values lead to this estate outcome?

The estranged daughter of a noted business tycoon who died in late 2015 openly acknowledges a virtual lack of communication with her father over decades. She laments that he -- in the words of a recently written national newspaper piece -- "didn't leave a dime" in his estate to blood relatives, but says that she can't do a thing about being written out of his will.

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