About Us
Our specialties in the international arena include accounting and tax planning, assisting companies with maximizing tax benefits related to export transactions, designing global tax structures to minimize U.S. and foreign taxes and developing repatriation strategies centered on the use of foreign tax credits.
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Fbar Ovdi Want To Go To Jail? Offshore tax
Lance Wallach
The Federal government is aggressively pursuing taxpayers with undisclosed foreign accounts and unreported foreign income using information furnished by the foreign banks and other sources. If you have not yet applied for the Offshore Voluntary Disclosure Program, Recent convictions involving UBS Clients:
- Jan. 30, 2012 - Stephen M. Kerr, Michael Quiel and Christopher M. Rusch were charged in Phoenix, Ariz., with conspiracy to defraud the IRS for concealing millions of dollars in assets in numerous secret Swiss bank accounts held at UBS and elsewhere.
- Jan. 20, 2012 - Kenneth Heller, of New York, N.Y., was sentenced to 45 days in prison and two years of supervised release. Heller pleaded guilty to income tax evasion in June 2011 and admitted to hiding more than $26.4 million in a bank account at UBS AG. He has agreed to pay a civil penalty of over $9.8 million.
http://www.hg.org/article.asp?preview=1&id=28759
- Advanced Pricing Agreements
- International Tax Compliance
- International Tax Treaty Analysis and Filing Requirements
- International Tax Withholding Analysis and Filing Requirements
- Federal, State and Local Incentive and Credit Maximization
- Value-Added Tax (VAT) Planning and Compliance
- International Customs and Duties Planning and Compliance
- Foreign Earnings & Profits (E&P) Analysis
- 861 Allocation and Apportionment (A&A) Analysis
- Extraterritorial Income (ETI) Exclus
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