PRACTICE AREAS

Tax Law Services

We are an experienced tax law firm serving clients nationwide.

 

Foreign Asset Planning

It is not unlawful to have foreign bank accounts. However, U.S. taxpayers must disclose the existence of such accounts, and report any income derived from them to the Internal Revenue Service.

 

Wills Trusts And Estate Planing

Our law firm provides highly-personalized, responsive service to estate planning clients as we counsel them at all the critical stages of their lives.

 

Estate Administration

The death of a loved one may be difficult enough to endure without having to worry about the ensuing estate matters.

 

Our Latest Blog Posts

U.S. Taxpayers at New Risk of Audit from OVDP Declines and Withdrawals Campaign

Last year, the US Treasury Inspector General for Tax Administration (TIGTA) released a report which assessed how well that IRS was managing the Offshore Voluntary Disclosure Program (OVDP). OVDP is one of the programs taxpayers may use to become compliant if they previously had failed to report offshore income on their tax returns and file Reports of Foreign Bank and Financial

FATCA Noncompliant Accounts may be Frozen or Blocked

Many of our clients with foreign accounts have received FATCA letters.  The letters seek personal information regarding the account holder in order to comply with the US FATCA law. In recent weeks, government authorities in a few foreign countries have announced that account holders that have received FATCA letters and have not responded with the requisite information

Complicated Form 5471 filing requirements simplified for dormant foreign corporations

  The reporting requirements for IRS Form 5471 are complex, including 'category of filer' and required schedules. ¬†However, very few taxpayers know that there are special simplified filing rules for a foreign dormant corporation. IRS Revenue Procedure 92-70, specifies specific, conditions that must all be met in order for a foreign corporation to be considered

The Misunderstood Extension of time to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)

The Treasury Department's Financial Crimes Enforcement Network (FinCEN) announced an automatic six-month extension for taxpayers required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). Taxpayers now have until October 16 to submit their FBARs for 2016 without being subject to penalties. There is no specific FBAR extension document or form that