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Jamie K. Ogden

Taxation

Tax Alert: New Partnership Audit Regime – Effective January 1, 2018

On June 13, 2017, the Treasury Department republished Proposed Treasury Regulations regarding the new partnership audit regime enacted as part of the Bipartisan Budget Act of 2015.  Generally, the new partnership audit rules will be effective January 1, 2018. As a result of the new partnership audit regime: (1) individuals and/or entities that were formerly […]

Taxation

2016 Foreign Bank Account Reports: New Filing Deadline

The U.S. government continues to pursue aggressively individuals and businesses for the failure to report foreign accounts and other non-U.S. assets. In particular, and with limited exceptions, all U.S. individuals and entities that own, control and/or have signature authority over foreign bank accounts must disclose annually to the U.S. Department of Treasury the existence of […]