Prince Rogers Nelson, the artist formerly known as Prince, died April 21, 2016, without a will and as a resident of Chanhassen, Minnesota. And so begins the saga of determining his heirs. A trust company has filed a pleading claiming that they had dealings with some of Prince’s financial matters and therefore should administer his estate. …
finances
Offshore Accounts & Investments: No Place to Hide?
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 …
Prepare Your Company For 2014
As the end of the year approaches people tend to get things in order; they make last minute purchases, last minute charitable donations and then celebrate the holidays. Many business owners, however, forget that they must also do similar clean-up measures for their companies. The end of the year is a perfect time to review your company’s …
