The End of the Offshore Voluntary Disclosure Program (OVDP)
Since its inception in 2009, the IRS OVDP has been available to provide taxpayers with undisclosed foreign financial assets and income in “offshore accounts,” and all required file foreign information returns, an opportunity to square those accounts with IRS before facing serious consequences. Despite the success of the OVDP, the IRS announced that it would be shutting down the program on Sept. 28, 2018.
Cubismo! Chucho Valdés: Irakere 45
MBAF is proud to be the presenting sponsor of Adrienne Arsht Center’s Jazz Roots: Cubismo! Chucho Valdés: Irakere 45. Winner of six GRAMMY® and three Latin GRAMMY® Awards, the Cuban pianist, composer and arranger Chucho Valdés is the most influential figure in modern Afro-Cuban jazz.
Webinar: Blockchain – What Business Professional Need to Know
Blockchain is revolutionizing not only the financial and technology industries, but many industries that we encounter daily. Join us as we explore what Blockchains are and how they can impact our everyday business community.
A Talk with Tony Argiz
Tony Argiz discusses his career and the growth of MBAF with South Florida Business & Wealth. As chairman and CEO since 1997, Tony Argiz has led the growth of Morrison, Brown, Argiz & Farra into a top 40 U.S. accounting firm.
MBAF Ranked #36 in Accounting Today’s 2018 Top 100 Firms
MBAF has been ranked as one of the top 100 firms by revenue by Accounting Today. The firm achieved the highest ranking of all firms based in Florida and placed third on the “Top Firms: Gulf Coast” regional leader list.
Don’t Overlook Securities Laws when Planning Your Estate
For a variety of estate planning and asset management purposes, many affluent families hold their assets in trusts, family investment vehicles, or charitable foundations. If assets held in this manner include interests in hedge funds, private equity funds, or other “unregistered” securities, it’s important to ensure that the entity is qualified to hold such investments.
Only Certain Trusts can Own S Corporation Stock
S corporations must comply with strict requirements or risk losing their tax-advantaged status. Among others, they can have no more than 100 shareholders, no more than one class of stock, and can have only certain types of shareholders. In an estate planning context, it’s critical that any trusts that will receive S corporation stock through operation of your estate plan be eligible shareholders. This article explains which trusts are eligible and more.