Tax Attorney, Michael DeBlis, III, Esq, LLM Explains New IRS Overhaul Of OVDP And Why Voluntary Disclosure Of Offshore Accounts May Save You Thousands In Penalties
Michael DeBlis III, Esq, LLM, Partner at DeBlis Law is a recognized expert in OVDP, an area of tax law dealing with taxpayers who may not have properly disclosed offshore accounts to the US government. In recent years, countries formally known for not disclosing foreign holdings (such as Switzerland) have begun to work with the […]
Tax Attorney, Michael DeBlis, III, Esq, LLM Explains New IRS Overhaul Of OVDP And Why Voluntary Disclosure Of Offshore Accounts May Save You Thousands In Penalties
Michael DeBlis III, Esq, LLM, Partner at DeBlis Law is a recognized expert in OVDP, an area of tax law dealing with taxpayers who may not have properly disclosed offshore accounts to the US government. In recent years, countries formally known for not disclosing foreign holdings (such as Switzerland) have begun to work with the […]
Tax Attorney, Michael DeBlis, III, Esq, LLM Explains New IRS Overhaul Of OVDP And Why Voluntary Disclosure Of Offshore Accounts May Save You Thousands In Penalties
Michael DeBlis III, Esq, LLM, Partner at DeBlis Law is a recognized expert in OVDP, an area of tax law dealing with taxpayers who may not have properly disclosed offshore accounts to the US government. In recent years, countries formally known for not disclosing foreign holdings (such as Switzerland) have begun to work with the […]
The Lighter Side of Tax
♦ What’s the difference between death and taxes? Congress doesn’t meet every year to make death worse. ♦ And the difference between tax avoidance and tax evasion? Jail. ♦ A good tax return is like a good mystery novel. You follow the clues, make deductions, and arrive at a profitable conclusion. – Eva Rosenberg ♦ […]
Getting to Know the Streamlined Foreign Offshore Procedures
U.S. taxpayers seeking to use the streamlined foreign offshore procedures must satisfy the following requirements: The applicable non-residency requirement (for joint return filers, both spouses must satisfy the non-residency requirement); and Have failed to file an FBAR with respect to a foreign financial account; and The failure to file an FBAR must have resulted from […]
Asbury Park Man Found Not Guilty In Retrial for Sexual Assault, Kidnapping
An Asbury Park man who had previously been convicted of sexually assaulting five women was found not guilty in a retrial of a case involving one of the alleged victims. An appellate court previously overturned 50-year-old Michael Askins’ conviction where he was sentenced to 125 years in prison and ordered that at least one of […]
Tax Attorney, Michael DeBlis, III, Esq, LLM Explains New IRS Overhaul Of OVDP And Why Voluntary Disclosure Of Offshore Accounts May Save You Thousands In Penalties
DeBlis explains, “Taxpayers with undisclosed foreign accounts or entities should make a voluntary disclosure because it enables them to become compliant, avoid substantial civil penalties, and eliminate the risk of criminal prosecution. Making a voluntary disclosure also provides the opportunity to calculate, with a reasonable degree of certainty, the total cost of resolving all offshore […]
Tax Attorney, Michael DeBlis, III, Esq, LLM Explains New IRS Overhaul Of OVDP And Why Voluntary Disclosure Of Offshore Accounts May Save You Thousands In Penalties
DeBlis explains, “Taxpayers with undisclosed foreign accounts or entities should make a voluntary disclosure because it enables them to become compliant, avoid substantial civil penalties, and eliminate the risk of criminal prosecution. Making a voluntary disclosure also provides the opportunity to calculate, with a reasonable degree of certainty, the total cost of resolving all offshore […]
Tax Attorney, Michael DeBlis, III, Esq, LLM Explains New IRS Overhaul Of OVDP And Why Voluntary Disclosure Of Offshore Accounts May Save You Thousands In Penalties
DeBlis explains, “Taxpayers with undisclosed foreign accounts or entities should make a voluntary disclosure because it enables them to become compliant, avoid substantial civil penalties, and eliminate the risk of criminal prosecution. Making a voluntary disclosure also provides the opportunity to calculate, with a reasonable degree of certainty, the total cost of resolving all offshore […]
The Black Market Peso Exchange Explained
For years, compliance officers in the financial centres of the Caribbean have been grappling with money-flows that use the Black Market Peso Exchange, the single most efficient money-laundering system in the Western Hemisphere. Michael DeBlis of the US tax litigation firm of DeBlis & DeBlis examines its origins and modus operandi.