Tax News

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Industry

When to blow the whistle

Swiss banker Bradley Birkenfeld joined UBS in 2001. Four years later, Birkenfeld realized that UBS’s practice of storing money for American clients in Swiss bank accounts was illegal. Birkenfeld voiced his concern to his supervisors and UBS’s compliance and legal departments. Since he didn’t receive a response, in 2007 Birkenfeld left UBS and complained to the IRS and SEC, triggering a multibillion-dollar international tax-fraud scandal.

By Richard E. Austin |September 20, 2011

3 min read

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Estate Planning

Tax consequences of owning property jointly

Moving property from sole ownership into joint ownership with a right of survivorship is a particularly seductive means of reducing exposure to probate taxes.

By Barry Corbin |September 19, 2011

3 min read

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Life

Use charitable life insurance to trigger a tax receipt

Life insurance is an appropriate tool to generate funds for charities and to enjoy significant tax benefits both in life and death.

September 19, 2011

3 min read

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Tax News

Combine insurance to boost income

An insured annuity can be a powerful tool to help business owners maximize retirement income while minimizing tax. This type of annuity involves simultaneously purchasing a life annuity and a life insurance policy.

By André L’Espérance |September 16, 2011

3 min read