Volume 76, Issue 3
To obtain prepayment judicial review of deficiencies determined by the Internal Revenue Service, a taxpayer must file a Tax Court petition within 90 days of the issuance of the notice of deficiency.
Revocable trusts are common will substitutes that also provide a mechanism for managing a person’s assets in the event of mental incapacity. Generally speaking, these trusts are grantor trusts for fe…
There exist multiple rationales for the U.S. extraterritorial tax system. The rationales seek to explain why overseas Americans should be subject to worldwide taxation by the United States.