Blog Listing

The Claw Back in a Ponzi Scheme

Very often there may be a Ponzi Scheme financial theft, in which certain taxpayers have profited since they made early investments and were paid unusual profits that did not exist. Often taxpayers in Ponzi Schemes that have benefited from the financial loss of others are called upon by a trustee[…]

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NEW SERIES: United States Taxation Of Foreign Investors – Segment one

Foreign Investors in the United States. The definition of a foreign investor to the United States. This is an explanation of how to define a nonresident alien and a foreign corporation; and the different types of taxation that apply to the “nonresident alien” “individual” and the foreign corporation. This includes a review of U.S. income, estate, gift and capital gains applying to foreign taxpayers.

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Two new PODCASTS; Section 1341 Claim of Right PLUS Tax Planning for Foreign Investors in United States Real Estate

PODCAST: Section 1341 “Claim of Right” Refunds: Calculating Tax Benefits, Avoiding Double Taxation on Repayments and Claw-Backs RECORDED LIVE: November 10, 2016 These and other important topics are discussed: Identifying circumstances in which a claim of right claim is appropriate Documenting Section 1341 claim for tax benefit Reporting a Section 1341[…]

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The Role of Lawyer and Accountant on the FATCA Team

The purpose of this article is to focus on the fact that the United States taxpayer, who is not in compliance with the FATCA must understand that the appropriate way to deal with these unreported accounts is to rely on the team of both a tax lawyer and a CPA to fulfill the compliance requirements.

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IRS announces major modification regarding the Offshore Voluntary Disclosure Procedure (OVDP)

The new IRS modifications are very significant. The new Internal Revenue Service ruling greatly reduces offshore voluntary disclosure procedure for Americans with un-reported foreign bank accounts. The IRS Announcement can be found here: http://www.irs.gov/Individuals/International-Taxpayers/Streamlined-Filing-Compliance-Procedures It is absolutely critical to understand these important IRS changes, please contact tax attorney Richard S.[…]

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