Tax Lawyers in the USA
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Tax Lawyers USA - Recent Legal Articles
- New Jersey Estate & Inheritance Tax: Reducing the Size of the Estate Through Gifting
New Jersey is one of only a few states that impose both an inheritance tax and a state estate tax. The inheritance tax applies when someone who lived in New Jersey, or owned property there, leaves property to someone who isn’t a close relative. The tax rate depends on how closely the inheritors and deceased person were related.
- New Jersey Estate Tax: The Uninvited Guest
New Jersey collects both an inheritance tax and its own estate tax, separate from the federal estate tax.
- Is There Any Tax Liability for Giving a Gift?
Those who have dabbled with tax laws much at all are probably familiar with the general mantra that any money received may be taxable income. They may also be familiar with the idea that payments over a certain amount or in certain types of relationships (like employer/employee) often require that the payer ensure taxes are taken out before the balance is given to the payee. But what about gifts? Is there any tax liability for giving a gift?
- 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.
- A Message from Uncle Sam to Taxpayers Who Have Undisclosed Foreign Bank Accounts: the Clock Is Ticking
OVDI: Is the IRS playing unfair? Read on...
- Found Money – What Are My Legal Obligations?
Everyone has seen a few cents on the ground, likely dropped while someone pulled a ring of keys from their pocket. While we would probably not think twice about picking up a penny, what if it was a bank envelope full of $100 bills? It may seem like a dream come true, but there are certain legal obligations when one finds misplaced money.
- Can Foreigners Buy Real Estate in the United States?
As the real estate market in the U.S. has made a strong indication of recovery, some outside of the United States have begun to look again at American real estate investments as a possibility. This leads some to wonder, though, whether it is even possible for a foreigner to buy real estate in the U.S.? If so, are there any special laws to be aware of or taxes that must be paid?
- The Calm Before the Storm: Warning Signs that a Referral to Criminal Investigation is Looming
A criminal investigation conducted by the IRS is different from a civil investigation. Criminal investigation of taxpayer returns or fraudulent activity is conducted by the Criminal Investigation Division of the IRS (CI). CI is the heavy artillery of the IRS arsenal.
- Eggshell Audits: Keeping the Shell of the Egg From Cracking When There are Criminal Tax Issues
In an “eggshell audit,” you must walk on eggshells to represent your client effectively in the civil examination without exposing the fraud, all the while honoring your duties to the tax system not to mislead the revenue agent.
- To File or Not to File an Amended Return to Correct an Original Return That Has Criminal Tax Dimensions
Your client has filed a fraudulent return underreporting his tax liability. He now has misgivings. He comes to you and expresses great concern. What should you do?