Archive for the ‘Coming to America’ Category

We previously wrote a blog post on the program the IRS launched in September of 2012 for certain taxpayers with offshore income who might qualify for a program which is an alternative to the Offshore Voluntary Disclosure Program. On February 27, 2013, the IRS issued an informative publication giving guidance on issues taxpayers considering entering the program for non-resident, non-filers should consider.

Of course, any potentially affected taxpayer should consult with their tax professional to see if their case fits within the narrow exceptions.

BERNANKE AND HIS FED COLLEAGUES MEET TODAY AND TOMORROW – WILL QE AND INTEREST RATE SUPPRESSION CONTINUE?  HAVE A BANK ACCOUNT IN CYPRUS, WATCH OUT!

The U.S. economy continues to recover and grow, but probably not fast or solid enough for Bernanke and the Fed to table its Quantitative Easing (QE) policy or allow interest rates to rise.  The Fed seems to believe that notwithstanding the growth in the job market and modest recovery in the housing sector that the economy continues to be weak behind the obvious numbers.

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Schar USA, a division of Italy-based Dr. Schär Srl, Europe’s leading producer of gluten-free products, “broke ground” on its first U.S. manufacturing facility in Logan Township, New Jersey last week.  That is to say, they put blueprints for new facility in a time capsule to be built into the building.  I don’t blame them.  Right now, the best use for a shovel would be to clear snow.