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  1. IRS Provides Filing Relief to Certain Foreign Trusts Providing Retirement, Medical, and Educational Benefits

    March 11, 2020

    A discussion of Revenue Procedure 2020-17, wherein the IRS has designed a procedure whereby certain U.S. persons having an interest in tax-favored foreign trusts established and operated exclusively or almost exclusively to provide pension or retirement benefits, medical, disability, or educational benefits are exempt from the informational reporting of IRC Sec. 6048 (i.e., Forms 3520 and 3520-A). The procedure further provides a road map for those who have incurred penalties for failing to comply with their previous reporting, with which they can request abatement of penalties assessed or a refund in the event that the penalties have been paid.

  2. IRS Eases FATCA Compliance Rules

    January 25, 2019

    On December 18, 2018, the IRS released proposed regulations that are intended to clarify, reduce and/or eliminate certain FATCA reporting requirements. The proposed regulations address a number of items, with the more salient items described here.

  3. London, England

    June 21, 2018

    Our London, UK office is located in Mayfair off Berkeley Square just minutes from Hyde Park. EisnerAmper, a full-service advisory and accounting firm, has offices diversified to meet the global accounting and business development needs of the international business market.

  4. Technical Corrections Provisions Impact Partnership Audit Rules

    May 04, 2018

    The Consolidated Appropriations Act of 2018 contained overdue technical corrections to legislation that previously overhauled partnership audit rules. The technical corrections do not address the myriad of provisions in the TCJA that need correction.

  5. The Offshore Voluntary Disclosure Program is Closing – Final Submissions Due September 28, 2018

    March 27, 2018

    The Offshore Voluntary Disclosure Program was designed by the IRS for taxpayers with civil and criminal liability for “willful failure” to report foreign financial assets. The IRS has recently announced it is closing OVDP on September 28, 2018.

  6. The Benefits of Establishing Fund Management Companies in Singapore

    February 23, 2018

    Singapore is a global innovation hub and ranked as the most innovative economy in Asia, and 7th in the world. Globally, Singapore is also ranked 4th by the Global Financial Centres Index 22. Here are the key benefits of a Singapore fund management company.

  7. Private Equity

    January 04, 2018

    EisnerAmper is among the nation’s largest accounting firms with a dedicated and well-established private equity services group that provides audit, tax, transaction and advisory services to private equity firms and their portfolio companies.

  8. Business Tax Quarterly - Fall 2017 - Suggested Reading

    December 05, 2017

    In this issue of Business Tax Quarterly, we provide resources for learning more about revenue recognition changes, BEPS country-by-country reporting, FATCA and the Senate Tax Bill.

  9. Trends in Fund Administration: Consolidation, Fee Alignment and Market Transformation

    August 15, 2017

    The fund administration business is undergoing a significant transformation with mergers and acquisitions, increased focus on fee alignment, a volatile regulatory landscape and digital evolution. How can fund administrators adapt?

  10. Updated: Cayman Islands AEOI Portal for CRS Notification and FATCA Reporting Is Open: Several Deadlines Have Been Extended

    June 15, 2017

    The Cayman Islands Department for International Tax Cooperation has opened its Automatic Exchange of Information Portal (AEOI Portal) for notifications for the Common Reporting Standard (CRS) and FATCA reporting.