The IRS Global High Wealth Industry (“GHWI”) (part of the IRS Large Business & International Division) is auditing individuals with tens of millions of assets or income who utilize complicated financial and estate plan structures. GHWI was established by the IRS in late 2009, but now has a few years of service “under its belt”. … Continue Reading
New York Governor Andrew Cuomo recently signed into law the Non-profit Revitalization Act of 2013. The provisions of the Act are generally effective on July 1, 2014. A copy of the Act can be found at http://open.nysenate.gov/legislation/bill/A8072-2013. The Act will require nonprofit corporations governed by the New York Not-for-Profit Corporation Law and wholly charitable trusts … Continue Reading
Posted in Trust Administration
