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Tax Problem Attorney Blog

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Payroll Tax Problems best Handled by Experienced Business Tax Attorney

Our tax attorneys continue to see businesses struggle with payroll tax problems. Whether you have 3 employees or 300, or whether you have downsized in response to the struggling economy, payroll tax audits can cause serious legal and financial problems that can threaten the survival of a business. The U.S.…

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Woman Convicted of Tax Evasion in Smallest Case Stemming from Government Crackdown on Offshore Accounts

Our tax attorneys noted a recent case in which a woman is accused of hiding $750,000 in an offshore bank account set up by her father with Swiss banking giant UBS AG. Too often people think Swiss bank account problems only impact the very wealthy. In fact, they impact those…

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Julius Baer Offshore Bank Account Information To Be Released

Rudolph Elmer, an ex Julius Baer executive turned over offshore bank account information to WikiLeaks today, according to Bloomberg News. According to the release, data on 2000 offshore bank accounts has been turned over, and WikiLeaks plans on making the data public; although it says it will take at least…

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FATCA Impacts Offshore Bank Accounts (Part II)

Since March of 2009 about 18,000 owners of offshore bank accounts have filed voluntary disclosures with the IRS. So what does FATCA mean to current holders of overseas financial accounts who have not filed FBARs (Foreign Bank Account Reports) on Form TDF 90.22-1, and who have not taken advantage of…

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FATCA Impacts Offshore Bank Accounts (Part I)

FATCA (Foreign Account Tax Compliance Act of 2009) could be one of the final nails in the coffin for offshore banks referred to as foreign financial institutions or FFIs. When I first heard about FATCA after it was passed in March of 2010 I didn’t pay much attention. After all…

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Bust of Bogus Tax Relief Company in Beverly Hills a Reminder to those Dealing with the IRS to seek Advice of Qualified Tax Lawyer

Our tax attorneys noted the recent closure of American Tax Relief in Beverly Hills for fraud and misleading advertising that claimed the company could settle delinquent federal and state taxes for pennies on the dollar. We reported recently on our Tax Problem Attorney Blog when Roni Deutch ran afoul of…

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IRS Files Summary Judgment in FBAR Case

In mid-October the IRS filed a summary judgment motion seeking FBAR (Foreign Bank Account Report, Form TDF 90-22.1) penalties of over $225,000 for a civil failure to file an FBAR. This is only the second civil FBAR case that I am aware of which didn’t involve an underlying non-tax crime.…

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IRS Loses Big in FBAR (Foreign Bank Account Report) Case

Last month the IRS lost a case (United States v. J. Brian Williams) in which it tried to impose the 50% penalty for willfully failing to file a Foreign Bank Account Report, TD F 90-22.1 (FBAR). This appears to be the first case that has gone to court on FBAR…

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