Written by Avvo Staff, almost 4 years ago.
Tax fraud occurs when people or corporations seek to avoid paying the state, federal, or local tax they owe. Tax crimes include failing to file tax returns; evading payment of employment, sales,... more
Written by attorney Dennis Brager, almost 3 years ago.
The Internal Revenue Service (IRS) is offering a reduction on Foreign Bank Account Report (FBAR) and other penalties for offshore bank account holders who make a voluntary disclosure by September 23,... more
Written by attorney Norman McKellar, over 2 years ago.
Meet with an experienced tax attorney BEFORE speaking to any Government agents. Consult with an experienced knowledgeable attorney BEFORE talking to any agents for the Government. Many clients make... more
Written by attorney Kestutis Stevens, over 2 years ago.
IRS Summons to International Banks. The IRS has issued “John Doe” summons to several international banks, seeking information regarding individuals who have unreported foreign income.
Written by attorney Iram Ansari, over 2 years ago.
Find out what the liability is based on. Look at the IRS letters. They should tell you what the liability is based on. Was it an erroneous deduction? Was it a large amount of undisclosed income?... more
Written by attorney R. Gibson, about 2 years ago.
How do you protect your assets and keep offshore assets tax compliant? If you have assets offshore and you're worried about making them tax compliant, or if you have assets you want to protect... more
Written by attorney R. Gibson, about 2 years ago.
These are just some of the bad asset schemes some people find recommended to them on the internet. Perhaps one of the worst asset protection schemes is to transfer all of your assets to your spouse.... more
Written by attorney R. Gibson, about 2 years ago.
Here are just some of the recent efforts by the IRS to discover the names of owners of undeclared foreign bank accounts and other offshore entities. After September 11, 2001, a U.S. surveillance... more
Written by attorney R. Gibson, about 2 years ago.
For those taxpayers who haven't disclosed their foreign bank accounts for more than two years and who face the prospect now of not only the loss of all their foreign assets but possibly some of their... more
Written by attorney R. Gibson, about 2 years ago.
To pass assets on to the next generation instead of passing on a basket full of legal problems, one needs to become tax compliant, and that involves certain considerations before voluntary disclosure... more
