international-tax-lawyer

Toledo Tax Lawyer and Attorney | Ohio Tax Lawyers

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A Toledo Tax Lawyer who specializes in international tax law does not necessarily have to be a tax lawyer who actually resides in Toledo. An international tax lawyer who offers US international tax law services to residents of Toledo, Ohio, may also be considered a Toledo Tax Lawyer. Let’s analyze a bit deeper why this is the case.

Toledo Tax Lawyer Definition: Offering International Tax Services to Residents of Toledo

Of course, the definition of a Toledo Tax Lawyer includes all tax lawyers who are physically located in Toledo, Florida, and offer their tax services there.

With respect to US international tax law, however, the definition of a Toledo Tax Lawyer expands to encompass all international tax lawyers who offer services to residents of Toledo, Ohio.

The reason for such an expansion in the definition of Toledo Tax Lawyer lies in the nature of US international tax law. Unlike many other areas of law which are predominantly local in nature (such as local contracts, torts, criminal law, et cetera), US international tax law is federal law which is applied equally to the residents of all states of the United States. In other words, there is nothing local about it; the city of Toledo cannot in any way modify US international tax law.

Hence, an international tax lawyer residing in Minneapolis, such as attorney Eugene Sherayzen of Sherayzen Law Office, Ltd., has the same right to offer international tax law services to residents of Toledo as a lawyer who lives in Toledo.

Toledo Tax Lawyer Definition: Local Tax Law

It is important to distinguish, however, a tax lawyer who offers US international tax services from a tax lawyer who offers his services with respect to local tax law. In the first case, as I had mentioned before, the lawyer may call himself a Toledo Tax Lawyer as long as he offers international tax services to residents of Toledo (even though he is not residing in Toledo or anywhere else in the State of Ohio).

In the second case, however, an out-of-state lawyer cannot be classified as a Toledo Tax Lawyer, because he is working on local Toledo or Ohio state tax issues. In fact, in this case, it would best for local taxpayers to retain a local Toledo Tax Lawyer who resides in Toledo, Ohio.

Sherayzen Law Office is Your Preferred Choice for Toledo Tax Lawyer With Respect To US International Tax Issues

Sherayzen Law Office is a highly experienced international tax law firm which specializes in the area of foreign account tax compliance. We have been helping our clients worldwide with their international tax issues, including FBAR, FATCA and Offshore Voluntary Disclosure issues since the end of 2005. We can help You!

Contact Us Today to Schedule Your Confidential Consultation!

Tampa Foreign Accounts Lawyer and Attorney | Florida Tax Lawyers

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Tampa Foreign Accounts Lawyer is an interesting specialty among international tax lawyers who offer their foreign account tax compliance services to residents of Tampa, Florida. The term Tampa Foreign Accounts Lawyer does not simply refer to a lawyer who is physically located in Tampa, but also covers lawyers who reside outside of Tampa. Let’s explore why international tax lawyer Eugene Sherayzen of Sherayzen Law Office, Ltd., can be considered a Tampa Foreign Accounts Lawyer.

Tampa Foreign Accounts Lawyer Definition: Foreign Account Tax Compliance Services Offered to Residents of Tampa Florida

Obviously, the definition of a Tampa Foreign Accounts Lawyer includes all FBAR lawyers who are physically located in Tampa, Florida, and offer their tax services there. However, this definition also includes every international tax lawyer who offers out-of-state foreign account tax services to residents of Tampa.

Why is this the case? The answer is simple – it is the federal tax law, not local law, that requires foreign account tax compliance (with the exception of a few states like New York and California; the main requirements, however, come from federal tax law). This means that an international tax lawyer licensed to practice anywhere in the United States is qualified to help residents of Tampa with their US tax compliance requirements concerning foreign accounts (such as FBAR and FATCA Form 8938).

Tampa Foreign Accounts Lawyer Definition: Knowledge of US International Tax Law is Required

Having stated the definition of a Tampa Foreign Accounts Lawyer so broadly, I do not mean to imply that any lawyer can offer foreign account tax compliance services to Tampa residents. On the contrary, in order to help his clients, a Tampa Foreign Accounts Lawyer must be an international tax attorney who specializes in the area of foreign accounts tax compliance. Otherwise, the lawyer simply would not have the required expertise to practice in this area of law.

Tampa Foreign Accounts Lawyer: Modern Technologies Eliminated the Advantages of Hiring a Local Lawyer

There is still some hesitance on part of many taxpayers to retain the services of an out-of-state tax lawyer. This hesitance comes from a false myth that working with a local attorney is more convenient.

This myth is false for two reasons. First, the development of modern means of communication has completely resolved the communication problems of the past. Email, Video Skype Conferences, telephone and text messages make your out-of-state Tampa Foreign Accounts Lawyer as equally accessible as your local Tampa Foreign Accounts Lawyer.

Second, in reality, almost the entire course of communication between you and your local lawyer is going to be exactly the same as it would be between you and your out-of-state lawyer – i.e. email, telephone and even regular mail.

Sherayzen Law Office is Your Preferred Choice for Your Tampa Foreign Accounts Lawyer

Sherayzen Law Office is a highly experienced international tax law firm which specializes in the area of foreign account tax compliance. We have been helping our clients worldwide with their FBAR and FATCA issues for a very long time; in fact, we are one of the few firms which advised clients with respect to all major IRS voluntary disclosure programs, including 2009 OVDP, 2011 OVDI, 2012 OVDP, 2014 OVDP closed and Streamlined Submission Procedures (Domestic and Foreign). We can help you!

Contact Us Today to Schedule Your Confidential Consultation!

Greece Publishes the List of Noncooperative States | FATCA Lawyer Atlanta

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On February 28, 2017, the Ministry of Finance of Greece published a list of noncooperative states.

What are Noncooperative States

In order for a state to be designated as “noncooperative”, it has to satisfy the following four conditions:

1. The state is not a member of the European Union;

2. The state’s legal structure with respect to transparency and exchange of information in tax matters has not been reviewed by the OECD (Organisation for Economic Co-Operation and Development);

3. The state has not signed any treaty with Greece on administrative assistance in tax matters (basically tax information exchange) nor do they offer such assistance; and

4. The state has not signed tax administrative assistance treaties with at least twelve other states.

The last requirement appears to be somewhat random in the number of states.

Why the List of Noncooperative States Matters

The list of noncooperative states is important because transactions with any states on this list are subject to heightened scrutiny by the Greek tax authorities. Moreover, certain limitations may be imposed on the companies involved in transactions with noncooperative states, especially with respect to tax deductibility of certain expenses. Additionally, the Greek tax authorities may look particularly close at such companies with respect to transfer pricing issues and the controlled foreign corporation tax compliance issues.

This Year’s List of Noncooperative States

In February of 2017, a total of twenty-nine states were on the list of noncooperative states. Here is the list: Andorra, Antigua and Barbuda, Bahamas, Bahrain, Barbados, Brunei, Cook Islands, Dominica, Grenada, Guatemala, Hong Kong, Lebanon, Liberia, Liechtenstein, Macedonia, Malaysia, Marshall Islands, Monaco, Nauru, Niue, Panama, Philippines, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Samoa, Uruguay, the U.S. Virgin Islands, and Vanuatu. As the readers can see, some of the “states” are really just tax jurisdictions within a state (such as U.S. Virgin Islands).

It should be noted that some of these tax jurisdictions are favorite designations for forming foreign corporations (e.g. Bahamas and Barbados), other foreign entities (such as Nevis LLC) and foreign trusts (e.g. Cook Islands). Furthermore, a lot of these tax jurisdictions are also designated as “tax shelters” by other countries.