Posted in News, Offshore Account Update on August 13, 2018
The official end of the IRS’ Offshore Voluntary Disclosure Program may have come as a shock to many with undisclosed bank accounts overseas. Those with undisclosed assets are at risk of IRS prosecution, severe audits, massive penalties and even jail time. If you have undisclosed offshore accounts, it is imperative that you speak with US International Tax Advisors to discuss your options. As a former IRS attorney, the closure of the OVDP is not very surprising at all. In fact, there are a number of reasons why this closure actually seems to be in the best interest of the IRS.
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Posted in News, Offshore Account Update on August 2, 2018
US International Tax Advisors was recently asked by a DC news source to comment on former Trump campaign chairman Paul Manafort’s trial taking place in a federal court in Alexandria, Virginia.
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Posted in News on June 29, 2018
There is a pay-as-you go system in the United States for income taxes. A pay-as-you-go system means that workers are expected to send money in to the Internal Revenue Service (IRS) throughout the year as they earn income, rather than waiting until the end of the year when tax day roles around to pay the entire amount of taxes due.
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Posted in Hot Topics, News on May 31, 2018
If you have undeclared offshore financial accounts or if you are otherwise not in full compliance with tax laws, it's more important than ever you talk with a Maryland criminal tax lawyer about options you have for taking proactive action to reduce possible penalties that you could face.
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Posted in News on April 30, 2018
When you file your federal income taxes, you are going to have to choose how you want to file your return. A Maryland tax attorney can help. There are different filing statuses you can choose from and there are major implications associated with selecting a filing status so make sure you get the right legal advice.
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