Synopsis: "We all know someone we think might be a tax cheat. One Florida resident was so convinced that he made a formal whistleblower complaint to the IRS, alleging that a taxpayer had understated assets on a federal estate tax return.The IRS agreed. But the whistleblower claimed that the agency didn't collect enough from the taxpayer, so he filed a case in Tax Court in an attempt to compel the IRS to
dig a little deeper.
"
You can access the complete article by clicking
HERE.
Interested in what the financial markets are doing?
These are few characters that identify a company on the stock exchange. A three-letter symbol means the stock trades on the New York Stock Exchange. Four letters means it probably trades on
NASDAQ. Some well-known companies may have a single character ID (AT&T shows up on tickers as 'T'). If there is an 'F' or 'Y' at the symbol's end, it usually means the stock is foreign. (source: Yahoo)
Last week's Time Saver / Helpful Hint topic was:
"Does ESI-APPRAISE have a ticker symbol database?"
Last month, we focused on our Estate Tax valuations which are our most frequently used service. Two other popular types of valuation, which have to adhere to the same stringent IRS regulations are Charitable Remainder Unitrusts (CRUT) and Grantor Retained Annuity Trusts (GRATs). Please take a moment to look at the sample reports below. If you click on the heading below, they will appear in more detail.
We have scheduled a complimentary webinar for Wednesday, November 20, from 11:30a to 12:00p to explore these valuations in more detail. We'll illustrate the nuances of compliance as well as how to generate these accurately and efficiently.
