voluntary disclosure tax attorney Los Angeles

OVDI: IRS Shows Continued Progress on International Tax Non-Compliance

Sep 20th, 2011 | By | Category: Legal Notes, voluntary disclosure lawyers Minneapolis, voluntary disclosure tax attorney Los Angeles

The Internal Revenue Service has achieved significant success in combating international tax non-compliance. The total number of voluntary disclosures up to 30,000 since 2009. In all, 12,000 new applications came in from the 2011 offshore program that closed last week. The IRS also announced today it has collected $2.2 billion so far from people who [...]

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OVDI Deadline Extended until September 9, 2011

Aug 29th, 2011 | By | Category: Legal Notes, voluntary disclosure lawyers Minneapolis, voluntary disclosure tax attorney Los Angeles

Due to the potential impact of Hurricane Irene, the IRS has extended the due date for offshore voluntary disclosure initiative requests until September 9, 2011. For those taxpayers who have not yet submitted their request and any documents, the following actions are necessary by September 9, 2011: Identifying information must be submitted to the Criminal [...]

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Post-OVDI Options: What to Do If You Cannot Make the OVDI Deadline

Aug 19th, 2011 | By | Category: Legal Notes, voluntary disclosure lawyers Minneapolis, voluntary disclosure tax attorney Los Angeles

Introduction:  OVDI Deadline is August 31, 2011 On February 8, 2011, the Internal Revenue Service initiated  2011 Offshore Voluntary Disclosure Initiative (OVDI), a special voluntary disclosure initiative, designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes.  While this [...]

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OVDI Deadline: August 31, 2011

Aug 13th, 2011 | By | Category: Legal Notes, voluntary disclosure lawyers Minneapolis, voluntary disclosure tax attorney Los Angeles

This is a reminder that the  2011 Offshore Voluntary Disclosure Initiative (OVDI) will expire on August 31, 2011. The 2011 OVDI was announced on February 8, 2011, and follows the 2009 Offshore Disclosure Program (OVDP). The 2011 initiative offers clear benefits to certain taxpayers who currently face far higher penalties along with potential criminal charges [...]

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Dealing with Undisclosed Foreign Income and Foreign Bank and Financial Accounts

Apr 2nd, 2011 | By | Category: FBAR lawyers New York, international tax lawyer minnesota, Legal Notes, voluntary disclosure tax attorney Los Angeles

The purpose of this article is to provide you with a simple three-step plan on how to deal with a situation where you have not disclosed foreign income and foreign assets, including bank and financial accounts, to the IRS. 1. Call Sherayzen Law Office to Schedule a Confidential and Attorney-Client Privileged Consultation The first step [...]

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