Category Archives: Tax Law

A divorce inevitably introduces new tax issues and considerations for both parties. Make sure you know how your tax obligation changes post-divorce by consulting with a qualified tax attorney.

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The deadline to file your FBAR is rapidly approaching. Here’s how to make sure you file FinCEN form 114 and properly disclose foreign assets and earnings.

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The IRS is ending its Offshore Voluntary Disclosure Program (OVDP), which means that the last chance to take advantage of this hugely beneficial amnesty program is rapidly approaching.

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If you hold foreign assets or earn money overseas, it’s critical that you are aware of your FBAR obligations. Learn more about how to protect yourself in the event of an FBAR audit.

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How does an offer in compromise work? What guidelines are necessary to take advantage of it, and when should a tax attorney be retained to help with the process?

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In an increasingly connected economy, it’s important that private citizens and business owners tread carefully with tax implications both at home and abroad.

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There is a new deadline for FBAR filing: taxpayers will have to submit their FinCEN 114 forms on April 15, with a 6-month extension available.

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Penalty Relief options are available under the expanded IRS Fresh Start Initiative. The IRS still provides Penalty Relief through FTA and Reasonable Cause.

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To avoid penalties, a U.S. person with offshore assets will have to disclose those assets and the related income to the IRS, as well as pay taxes on foreign income.

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Many options are available when dealing with back-taxes. A tax attorney is useful and sometimes necessary to pick the best option for a taxpayer in debt.

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