Featured Publications

Labor, Employment and Benefits: Alert - February 6, 2012

The U.S. Supreme Court recently denied an employer’s request for review of a decision by the U.S. Court of Appeals for the Eighth Circuit, which held that tipped employees spending more than 20 percent of their time performing related but non-tipped duties must be paid the full minimum wage for that time, without the tip credit.

More

Construction: Alert - January 30, 2012

For almost 50 years, lessors have had the ability to limit their liability for liens that arose from improvements to the leasehold made by a lessee. However, in the most recent legislative session, the Florida Legislature enacted revisions to Florida Statute § 713.10 that provide a potential pitfall for lessors by inserting a provision that may allow a contractor to lien the lessor's interest even where there is a recorded document advising of the limitation of liens.

More

Search Our Library

Search

  • Printer friendly
  • Email this page to a friend
  • Generate a PDF version of this page

Articles & White Papers

Your Taxes: US and Israeli tax amnesties
 

The Jerusalem Post

May 7, 2009
 
Kevin E. Packman- Miami

Failure to report worldwide income or in some cases, not filing a Report of Foreign Bank Financial Accounts, can result in significant penalties. The U.S. Internal Revenue Service (IRS) announced a new voluntary disclosure program for undeclared foreign accounts on March 23, 2009, called the IRS Offshore Income Reporting Initiative (the "Initiative"). The program gives a six-month window, or until September 23, 2009, to report such accounts to the IRS. Self-exposing taxpayers who qualify under certain conditions will not be subject to criminal penalties or the civil-fraud penalty.

The article continues to detail the regulations of the Initiative, in particular it addresses U.S. taxpayers who are either temporarily residing in Israel or have dual U.S./Israeli citizenship. To read the full article, please click the link below.

READ: Your Taxes: US and Israeli tax amnesties

Related Practices