United States

Total 58 Posts

TRUST REPORTING: NEW REQUIREMENTS COMING SOON!

• • 0 Comments

Under the current rules, a trust only needs to file an annual tax return but generally does not need to file the return if it does not earn an income or make any distributions in the year. (Notwithstanding that the Canada Revenue Agency has increased its demand for “nil returns” to be filed under certain circumstances). Further, there is currently no requirement for the trust to report the specific identity….

TRUST REPORTING: NEW REQUIREMENTS COMING SOON! Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Planning, In the News, Tax Issues, Trustee, Trusts, Uncategorized, United States

To Kill a Mockingbird, part II

• • 0 Comments

This Blog was written by: Natalie Bender   For many of us, Harper Lee’s acclaimed novel “To Kill a Mockingbird” was a staple on our high school reading list (and was likely one we re-visited in university). The novel is a Pulitzer Prize winner, and has become a classic in American literature. It has sold more than 40 million copies since it was published in 1960.   There has always….

To Kill a Mockingbird, part II Continue Reading »

Elder Law, In the News, Uncategorized, United States

Estate and Trusts with Foreign Properties and/or Transactions: Update on Reporting Implications

• • 0 Comments

Sometime ago, I wrote that the Income Tax Act requires persons and partnerships to file information returns in respect of foreign property ownership (specified foreign property in excess $100,000) and transactions with non-residents . This extends to trusts and estates. Those who file such a return late or do not file one on demand are liable to a penalty or penalties. Generally speaking, a penalty starts at a minimum of….

Estate and Trusts with Foreign Properties and/or Transactions: Update on Reporting Implications Continue Reading »

Canada Revenue Agency, Estate Administration, Executors, In the News, International, Investments, Property, Real Estate, Tax Issues, Trustee, Trusts, Uncategorized, United States

Saying good bye publicly and privately to a remarkable woman.

• • 0 Comments

[caption id="attachment_4170" align="alignnone" width="300"] Vintage incandescent Edison type bulbs[/caption] “Yesterday, we lost a giant – an exceptionally creative scientist and engineer who was also a delightful human being. Millie Dresselhaus began life as the child of poor Polish immigrants in the Bronx; by the end, she was Institute Professor Emerita, the highest distinction awarded by the MIT faculty. A physicist, materials scientist and electrical engineer, she was known as the….

Saying good bye publicly and privately to a remarkable woman. Continue Reading »

In the News, U.S. Citizen, United States
Scroll to Top