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Posts Tagged tax attorney

IRS Begins Rejecting OVDI Filings – Important News For Fence Sitters

by Brian Mahany We have written at least 100 posts about the Offshore Voluntary Disclosure Program (called OVDI or OVDP) and the need to file FBARs (Reports of Foreign Bank and Financial Accounts). In almost every such post we remind readers that time is running out. Many folks learned this week just how true that [...]

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IRS Taxpayer Advocate Slams Congress For Complexity Of Tax Code

by Brian Mahany We are big fans of Nina Olson, the IRS’ National Taxpayer Advocate. Although understaffed, her office is the last line of defense for taxpayers “stuck in the system” or unable to find answers to their questions. I liked the concept of an independent voice so much that I created the position in [...]

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Succession Planning For Family Businesses

by Brian Mahany Although we are a full service tax firm, most people think of us only for our fraud and offshore reporting work. Our team of highly specialized tax lawyers can also assist in tax and estate planning.  According to recent studies, 25% of family businesses plan on a change of ownership in the [...]

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U.S. Opens Encrypted Swiss Banking Data

by Brian Mahany Previously we reported how U.S. authorities had detained two sons of a Swiss banker and questioned them for 6 hours about their father’s activities. That incident has caused a crisis within the Swiss banking world. Bankers are afraid to travel to the U.S. where they may be arrested and detained. Because other [...]

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How To Turn A Tax Debt Into A Prison Sentence

by Brian Mahany Last month the 7th Circuit Court of Appeals upheld a four + year sentence given to John McKinney in a criminal tax case. The facts behind the case tell the perfect story of how a simple tax debt can become a lengthy stay in a federal prison. John and his brother Robert [...]

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It Can’t Happen Here… Can It?

by Brian Mahany Although we are best known for our foreign reporting tax work, we handle many criminal tax cases. While we see a fair number of people with unreported foreign bank and brokerage accounts, we also see the traditional “bread and butter” tax evasion cases involving cash transactions or two sets of books. Often [...]

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