Whatever the final SEC regulations are, it’s pretty well agreed that brokers will be operating under a more stringent fiduciary standard of care. Given that, there will follow a dramatic transition for brokers and firms who will have to jump on the band wagon and add new technology if they want to continue to prosper. [...]
IRS Offers Amnesty for Off-Shore Accounts
February 16, 2011 By Leave a Comment
Have your clients been hiding money in an off-shore account? No need to admit it here, but the IRS is offering another (the most recent previous one was in 2009) amnesty program through August 31, 2011. Hidden offshore accounts currently risk detection by the IRS and the ensuing high penalties and possible criminal prosecution that [...]
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