Finance Lawyers in the USA
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Finance Lawyers USA - Recent Legal Articles
- Think You Got Game? Try Solving a Criminal Tax Problem.
- More U.S. Taxpayers Admit to Secret Swiss Accounts
Why Swiss Bank Clients Who Can’t Stand the Heat Are Getting Out of the Kitchen.
- Failing to File a Tax Return and that “Wascally” Little Word (not "Wabbit") Called Willfulness
Nary a day goes by that a client doesn’t ask me the question, “Why am I being charged criminally with failing to file my tax returns? Lots of people get behind on their taxes and fail to file their returns for a few years, but they are not prosecuted. Why me?”
- Home Sweet Home for International Tax Collection
Recently, I received a panicked call from a client being detained at a major metropolitan airport. The client, a nonresident U.S. taxpayer, owed money to the Internal Revenue Service. Upon investigation, I learned who was responsible for detaining him: none other than the IRS. Under what authority? A two-year-old program designed to target nonresident delinquent taxpayers who travel to and from the United States.
- Don’t Forget to Add the Salt When Cooking Up an IRS Voluntary Disclosure
New Jersey Notice of Federal Tax Change Requirements
- Section 6050I – A Weapon In The IRS’s Criminal Arsenal
Congress enacted section 6050I to attack and unearth the underground economy. As enforced, however, section 6050I has been used as a weapon in the IRS’s criminal arsenal.
- What is the Threat of Money Laundering Associated with Bitcoin?
Bitcoin has become increasingly popular as an alternative form of currency over the last several years. The digital currency offers interesting new options for secure and private transactions, for earning money through “Bitcoin mining,” and, unfortunately, for money laundering. What is the threat of Bitcoin and money laundering and what is being done to stop it?
- How Does the Federal Reserve System (the “Fed”) Work?
We have all heard about how interest rates might be going up when the economy is improving or how interest rates fall as the economy suffers. But how are these rates set? Who determines what the rates should be? What keeps interest rates from continuing to climb while the economy declines?
- When a Business Folds, Who Is Responsible for Its Debts and Other Obligations?
A common question among small business owners is who will be responsible for debts and other obligations if a business entity folds or reorganizes. Many things can happen in the life of a business entity, whether a corporation, LLC, partnership, or sole proprietorship, and this can lead to questions about who will be left holding the bag.
- How Does U.S. Law View Offshore Bank Accounts?
Perhaps you are one of the fortunate few who has achieved a level of wealth where you are legitimately concerned that the ebb and flow of the U.S. economy could have a dramatic effect on your personal finances. Or, perhaps, you have heard that there are ways to avoid certain taxes if you keep your money offshore.