Willful

Willful and SickKids Foundation Partner to Champion Charitable Giving Through Legacy Gifts

Retrieved on: 
Wednesday, November 29, 2023

TORONTO, Nov. 29, 2023 /PRNewswire-PRWeb/ -- On the heels of Giving Tuesday, digital estate planning platform Willful is partnering with SickKids Foundation to enable more legacy gifts in wills across Canada.

Key Points: 
  • TORONTO, Nov. 29, 2023 /PRNewswire-PRWeb/ -- On the heels of Giving Tuesday, digital estate planning platform Willful is partnering with SickKids Foundation to enable more legacy gifts in wills across Canada.
  • Willful and SickKids Foundation are simplifying legacy giving.
  • At SickKids Foundation, legacy gifts account for 10 per cent of its annual revenue, thanks to the generosity of their donor community.
  • To encourage more legacy gifts in wills, Willful and SickKids Foundation are simplifying legacy giving.

From the Tax Law Offices of David W. Klasing - Schwarzbaum Case's Illustrates FBAR Willful Penalties and How FBAR Willful Penalties Are Calculated

Retrieved on: 
Friday, April 14, 2023

Those who commit willful violations on their FBAR forms may face fines calculated by the Internal Revenue Service (IRS).

Key Points: 
  • Those who commit willful violations on their FBAR forms may face fines calculated by the Internal Revenue Service (IRS).
  • Get in touch with our experienced Dual-Licensed International Tax Lawyers & CPAs by calling the Tax Law Offices of David W. Klasing at (800) 681-1295 for a case review.
  • The 11th Circuit case of U.S. v. Schwarzbaum deals with how the Internal Revenue Service (IRS) calculates willful penalties.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

From the Tax Law Offices of David W. Klasing - Supreme Court Declines to Decide if FBAR Penalties Violate the 8th Amendment Prohibition on Excessive Fines

Retrieved on: 
Thursday, February 23, 2023

The District Court found that the penalty was not excessive, even if analyzed as a fine under the 8th Amendment.

Key Points: 
  • The District Court found that the penalty was not excessive, even if analyzed as a fine under the 8th Amendment.
  • Furthermore, upon review, the Supreme Court declined to decide whether FBAR penalties are subject to protections set forth by the excessive-fines clause.
  • Our team at the Tax Law Offices of David W. Klasing is prepared to help.
  • The U.S. Supreme Court has declined to answer whether FBAR penalties are subject to 8th Amendment protections against excessive fines.

Non-Disclosure of Foreign Financial Accounts at Ever Increasing Risk of Criminal Tax Prosecution Especially Where Taxable Offshore Income Went Unreported

Retrieved on: 
Tuesday, March 9, 2021

IRVINE, Calif., March 9, 2021 /PRNewswire/ --Defendants faced with criminal prosecution for non-disclosure of foreign financial accounts can face a lowered bar as to what constitutes willful criminal behavior.

Key Points: 
  • IRVINE, Calif., March 9, 2021 /PRNewswire/ --Defendants faced with criminal prosecution for non-disclosure of foreign financial accounts can face a lowered bar as to what constitutes willful criminal behavior.
  • Generally, a jury must be convinced beyond a reasonable doubt that the defendant's willful blindness or other acts were to preserve ignorance of the law.
  • The penalties assessed for a violation largely depend on the frequency of the violation and the amount of income that went unreported.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/non-disclosure-of-foreign-financ...
    SOURCE Tax Law Offices of David W. Klasing, PC