For decades, U.S. tax authorities did little to enforce laws on offshore accounts. However, all of that changed in 2010 when Congress passed the Foreign Account Tax Compliance Act, known as FATCA. FATCA requires foreign financial institutions to report information about their U.S. account holders to the Internal Revenue Service. Failing to comply …
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Smile, You’re On Candid Traffic Cam: Traffic Cameras & KC Law
Most of you may know that Kansas City, Mo. has suspended its program to issue tickets from red light traffic cameras due to constitutional challenges that are now pending before the Missouri Supreme Court. If you have a received a camera red light ticket you may either pay it ($100) or appear in court and the ticket will be dismissed. Photo: …
Magruder Report: Legality of Ticket Scalping
You may have noticed from time to time when you attend an event that there are folks outside the stadium or arena with extra tickets to sell, or sometimes buy. Commonly called ticket scalping, financially you may get a pretty good haircut if you buy tickets from these people on game or performance day. Is it legal for these sellers to make absurd …
Cheryl Boushka: Van Osdol & Magruder Estate Planning & Probate Attorney
Cheryl Boushka joined us in 2010 and practices extensively in the areas of estate planning and probate. Her vast experience was recognized when she became the president of the Kansas Bar Association Real Property, Probate and Trust Section several years ago. She has also been a member of the Probate Law Advisory Committee of the Kansas Judiciary …
Charity Begins At Home
If you are one of those generous souls who makes significant charitable contributions each year, be sure you document contributions the right way or be prepared for a possible losing duel with the IRS over the tax deductibility of your contribution over $250. All contributions that exceed this amount are only deductible if you have a receipt from …
Magruder Report: Online Sales Tax – Musical Chairs?
Imagine you are at home, in Kansas, on Black Friday searching the Internet for Christmas gifts. Low and behold, you find a great deal on Widget.com, a California company, for the latest Widget your child has been talking about for weeks. Naturally, you buy it on the website and have it shipped to you. Query? Where did the sale take place? Does …
