Voluntary Disclosure Attorney Considerations for Clients Trying to Avoid IRS Penalties & Prosecution
May 22, 2010
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 s...
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Transferring Assets Out of the U.S. into Foreign Bank Accounts and Overseas Trusts
May 22, 2010
An asset protection lawyer can advise a client with a foreign bank account or assets overseas what reporting requirements they have to report their assets to the IRS. When there have been past failure...
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How Family Limited Partnership Lawyers Set Up Family Limited Partnerships for Asset Protection
May 22, 2010
A common way in which family limited partnerships are structured are as follows. A parent contributes assets he or she owns to the Family limited partnership and receives both general and limited part...
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Foreign Bank Account Reporting Requirements for Offshore Asset Protection
May 22, 2010
An asset protection lawyer can advise a client with a foreign bank account or assets overseas what reporting requirements they have to report their assets to the IRS. When there have been past failure...
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Reasons Taxpayers Don’t Declare Foreign Overseas Bank Accounts
May 22, 2010
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 d...
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IRS Undeclared Foreign Bank Accounts, Trusts, Corporations, Overseas Income and the FBAR Penalties
May 22, 2010
Under the 2009 Voluntary Disclosure Program, for which the deadline has passed, in lieu of all the penalties that the IRS could wield against the voluntary disclosing taxpayer, including the FBAR penal...
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The Use of Offshore Corporations by Offshore Asset Protection Lawyers
May 22, 2010
Debtors seeking a further layer of confidentiality and protection from creditors often create an offshore corporation. The corporation through its nominee officers and directors is used to hold title ...
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Offshore Bank Account Advantages in Asset Protection
May 22, 2010
Offshore bank accounts still provide a safe and as long as they accounts are tax-compliant, and remain a confidential method of holding money overseas to take advantage of the safety of foreign banks a...
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Offshore Asset Protection
May 21, 2010
Proper asset planning is a world apart from the tax shelters offered by big accounting firms, banks and promoters in the 1990s and early 2000s which were promised to shelter huge gains made by investor...
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Recent IRS Efforts To Discover The Names Of Owners of Undeclared Foreign Bank Accounts
May 21, 2010
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 syst...
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