Foreign corporations, partnerships and trusts can take advantage of the protections of the Offshore Voluntary Disclosure Program. In doing so, we walk through an exercise in Ethics that most second or third year law students study: conflict of interest.
Italy and Switzerland came to an agreement on February 23rd, 2015 which effectively resolved the dispute on how to treat Italian citizens’ undeclared funds in Swiss bank accounts.
The article below touts the virtues of Roth conversions and life insurance purchases as tax savings tools for high net worth individuals.
The rising cost of bookkeeping makes it prohibitive to staff an individual or even a small team to accomplish this task. Beyond simply the cost, the risk of inaccurate figures or incorrect quarterly tax payments can be distressing to already overworked business owners.
The article below details the proposed laws regarding passport restriction and travel for those that owe the IRS more than $50,000 and are delinquent in their payment status or who have not entered into a collection alternative, i.e. compliance.
The IRS is taking a closer look at employers who try to evade employment taxes.
Business owners are often reluctant to utilize the Series Allowance under the Delaware Series LLC statute. This allowance permits a business owner to create separate ventures within one LLC, but directs that each internal venture be insulated from the other ventures’ liability.
Commerzbank, Germany’s second largest bank, has agreed to pay the United States Government and New York State $1.45 billion for its role in money laundering schemes.
The IRS audit is a constantly developing process. It’s history, which dates back to the industrial revolution and stock market crash of 1929, is extended and complex.
This article details an order issued by a District Court called writ of ne exeat republica. To convince a judge to issue this writ, the IRS must essentially prove that a taxpayer has transferred assets into a foreign jurisdiction for the purpose of avoiding the payment of tax owed to the IRS.
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