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

IRS Has New Procedures for Scrutinizing Quiet Disclosures

A Quiet Disclosure occurs when a person intentionally files tax returns (either amended or original returns, FBARs, and/or other International Informational Returns) outside of one of the IRS’ formal voluntary disclosure In other words, the individual submits the returns and hopes to fly below the radar so that the IRS does not discover that the returns were filed outside of

Significant FBAR Penalties Upheld by Court

Taxpayers have lost and the US Internal Revenue Service has scored a victory over the taxpayer in Kimble v USA, a court case concerning the reporting of foreign bank accounts. The taxpayer, Alice Kimble, held Swiss accounts at both HSBC and UBS in the early 2000s and was not aware until 2008 that she was required to report them to the IRS on her tax return and on Foreign

Analysis: IRS New Disclosure Program

On November 29, 2018, the IRS released a memorandum that addressed the process for all voluntary disclosures following the end of the Offshore Voluntary Disclosure Program (“OVDP”) on September 28, 2018. The new voluntary disclosure procedure provides uniformity to offshore and domestic voluntary disclosures. The OVDP was initiated in 2009 and was designed to bring

New IRS Voluntary Disclosure in 7 Steps

The following are the seven steps of the new updated IRS voluntary disclosure process: A taxpayer will make a voluntary disclosure preclearance request using IRS Form 14457 to IRS Criminal Investigation (CI). Taxpayers can request preclearance via mail or fax. No need to fear IRS Criminal Investigation (CI)’s involvement since they have always been involved in IRS