Wealth Briefing published comments by Dina Kapur Sanna on the repercussions of recent penalties imposed by the U.S. government on Swiss bank Wegelin. In her comments, titled "Picking Through The Rubble Of Wegelin's Demise In US," Dina says that the U.S. is increasingly focused on offshore tax compliance, and the Wegelin case is but one example. To enhance the voluntary compliance system, the U.S. has announced a series of Offshore Voluntary Disclosure Programs targeted towards U.S. taxpayers with unreported income and is busily implementing the withholding provisions of the Foreign Account Tax Compliance Act (FATCA), which requires foreign financial institutions to report to the IRS information about financial accounts held by U.S. taxpayers or by foreign entities in which U.S. taxpayers hold a substantial interest.
Warren Whitaker participated in a task force discussion on government policy, focusing on taxing wealth, at the inaugural New York Times DealBook DC Strategy Forum, held at The Watergate Hotel in Washington, DC.
Stephen Ziobrowski, Carl Merino and Seth Mersky co-authored an article, "IRS Clarifies Foreign Partner Withholding Rules," which was published on WealthManagement.com and distributed in Trusts & Estates magazine's weekly e-newsletter, The Estate Planner.
Dina Kapur Sanna will be speaking on two panels at International Estate & Tax Planning 2019, a conference presented by the Practising Law Institute and held in New York, NY.
Carl Merino spoke on a panel, "Non-Residents Acquiring Real Estate: Compare & Contrast Between the U.S. & UK," at the U.S.-UK Tax Planning conference, presented by KNect365 and held in New York, NY.
Carl Merino authored an international practice feature article, "U.S. Owners of Foreign Corporations Face New Hurdles," published in the April 2019 issue of Trusts & Estates magazine.
Day Pitney Press Release
Day Pitney LLP and Boca Raton associate A. Michael Wargon are featured in a profile, "Deep Roots. More Talent.," published in the September 2019 issue of The Boca Raton Observer magazine.
Day Pitney LLP is pleased to announce that the firm and 16 attorneys in its Individual Clients department have been ranked in the 2019 Chambers High Net Worth (HNW) Guide*, a Chambers and Partners publication specifically aimed at the international private wealth market.
Day Pitney Press Release
Day Pitney's Family Office practice has been selected as a finalist in the Family Offices—Client Initiative category of the 2019 Wealth Management.com Industry Awards for the Day Pitney Family Office Investing SeriesTM.