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US Tax-Savvy Gifting By Foreigners To U S Persons

Strategies can help the foreign gift-giver navigate the complexities of the U.S. gift tax rules so gifts to U.S. persons can be made tax-free.

United statesRevenue serviceUs bank account or foreignInternal revenue serviceForeign bank accountForeign entity accountsIntangibles insteadEducational institutionsHealthcare providersUs taxGift taxUs taxationForeign giftsUs tax laws

GSA lacks management controls for keeping foreign gifts, IG says

An inspector general’s audit of the agency’s Foreign Gifts and Decorations Program found that GSA officials were missing gifts from its inventory while .

Services administrationDecorations programAcquisition service office of personal property managementOffice of administrative servicesGeneral services administrationForeign giftsAdministrative servicesFederal acquisition servicePersonal property managementState departmentFederal acquisition serviceInspector generalGift acceptanceGeneral services administration

January 2024 Legislative Round Up | Patterson Belknap Webb & Tyler LLP

Recent bills in the U.S. House of Representatives and Senate demonstrate legislators’ concerns about several issues related to nonprofits, including: (1) admissions practices at.

Saudi arabiaNorth koreaUnited statesMatt cartwrightW gregory steubeUniversity endowmentsMassachusetts institute of technologyWashington universityUniversity of pennsylvaniaHouse committee on waysGolfer associationSaudi public investment fundNational student clearinghouseUs department of the treasuryPatterson belknap webb tylerEducation department

Government Surrender Leaves Questions About Foreign Gifts And Trusts

Taxpayers struggle to obtain critical answers when the government forces issues to litigation and then surrenders prematurely.

United statesCompliance campaignDepartment of justiceA annual information return of foreignInternational information return submission procedureAustralian superannuation fundAppeals officeRevenue serviceInternal revenue serviceRevenue proceduresForeign giftsInternal revenue codeAnnual returnReport transactionsForeign trustsCertain foreign gifts

Diamonds and diplomacy: How ex-US Ambassador Richard Olson fell from grace

High-flying former ambassador brought down by ethics scandals and a conviction for illegal lobbying.

United statesUnited arab emiratesUnited kingdomImaad zuberiEmirati deputyEvan turgeonThomas alan schwartzG michael harveyMuna habibAmb olsonAli al kaabiJohn kerryHolly honderichRobert gatesRichard olsonVanderbilt university

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