News & Insights
Target Company: Be Careful in Changing Tax Status Preacquisition at the Insistence of the Acquiror
Target companies in mergers and acquisitions are often directed by the acquiror to change its tax classification preacquisition for U.S. tax purposes. There are several
Immediate Action to Apply for the ERC – Voluntary Disclosure Program
It is important for employers who made questionable claims for the Employee Retention Credit (“ERC”) to take immediate action to determine whether the ERC Voluntary
A Toast to 2023: Significant Developments from Klug Counsel
We would like to take this opportunity to share some exciting developments at the firm that further our commitment to provide customized services to our
U.S. Taxation of U.S. Citizens Living Abroad, Including Planning Opportunities
U.S. citizens are subject to tax on their worldwide income no matter where in the world they reside.
U.S. Taxation of Foreign Nationals Working in the U.S., Including Planning Opportunities
As multinational corporations continue to expand their operations globally, they must navigate a complex web of tax regulations and laws. It is essential that they
U.S. Taxation of U.S. Citizens and U.S. Tax Residents Residing Overseas
U.S. citizens and U.S. tax residents (“U.S. Persons”) are taxed in the United States on their worldwide income no matter where in the world they
Tax Implications of Exiting a Controlled Foreign Corporation
The income of a foreign corporation is not subject to federal corporate income tax unless the foreign corporation has income that is effectively connected with
Tax Implications of Exiting a Domestic C Corporation
Wealthy international families are choosing U.S. situs trusts over the typical offshore trust jurisdictions. In choosing a trust jurisdiction, the extremely wealthy seek the best
Why Are the Global Elite Using U.S. Trusts?
Wealthy international families are choosing U.S. situs trusts over the typical offshore trust jurisdictions. In choosing a trust jurisdiction, the extremely wealthy seek the best