In yet another new twist on an old scam – this time affecting non-resident aliens and international taxpayers – criminals are using a fake IRS Form W-8BEN to solicit detailed personal identification and bank account information from victims. Here’s how the scam works: Criminals mail or fax a letter indicating…
In the course of our wealth management activities, I have the privilege of meeting many different kinds of individuals with international connections who are subject to US tax regulations. It still amazes me to hear that some of them continue to believe that it’s okay – even smart – to…
Nearly 10 years ago, in early October 2007, the S&P 500 Index hit what was its highest point before losing more than half its value over the next year and a half during the global financial crisis. Over the coming weeks and months, there will likely be a steady stream…
In our last segment, we talked about the importance of knowing some basic terms (asset, liability, income, and expense) as well as the critical difference between income and expense on the one hand and mere cash flow on the other. If you missed that one and would like to review…
Chances are you never think of yourself as a CFO (Chief Financial Officer), but that is exactly what you are. If you have even a middle-class income, you’re going to earn millions of dollars over the course of your lifetime. And whether or not you embrace the role, you’re on…
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