Offer in Compromise settlements are based upon the Taxpayer’s assets and overall financial situation. The worse the Taxpayer’s financial situation looks, the better the settlement with the I.R.S. The bad economy is one reason why now is the time to consider an Offer in Compromise.
An immigrant coming to America for longer than a certain time period will become a Resident Alien for U.S. income taxes at some point in time. In doing so, they are subjecting themselves to a potential U.S. tax income on their annual worldwide income, an estate tax on their deaths on their worldwide assets and a tax on gifts of their worldwide wealth.
With the right evidence and the law on your side, theft losses from Ponzi schemes can lead to the same refunds as the Safe Harbor and even more, since interest will be paid on the refund from the time the taxes were paid in certain situations. This might not occur under the Safe Harbor, the Taxpayer may be better off without the Safe Harbor in many situations.
The use of Code Section 1341 can increase tax refunds and interest payments by 100% and more.
TAXATION both DOMESTIC AND INTERNATIONAL Mr. Lehman’s general tax practice has consisted of a wide range of representation acting as counsel in both the criminal and civil tax areas. In the domestic tax area, he has represented clients in almost …
By Richard S. Lehman, Esq., of Richard S. Lehman; Boca Raton, FL Today’s business climate is extremely treacherous for all sizes and types of business. Whether a suit is won or lost, frivolous or legitimate , there are major distractions. …
Business survival can depend on protected investments Read more »
This article is intended to make high-net-worth individuals aware of a variety of strategies to preserve assets and limit tax liability. Keep in mind that these strategies are complex and should never be implemented without the assistance and guidance of an attorney.
By Richard S. Lehman, Esq., of Richard S. Lehman P.A. As times become more and more troubled, South Florida sees more than its share of immigrants fleeing dangers and coming here to stay; and foreign investors who want their money …
The United States A Tax Haven For Foreign Investors And Immigrants To The United States Read more »
There is one creditor that is often not put off even by bankruptcy – the IRS. By Richard S. Lehman, Esq., of Richard S. Lehman P.A. Published: South Florida Business Journal Whether it is individuals who have not filed their …
By Richard S. Lehman & Associates, Attorneys at Law The general principles discussed herein are not intended to be legal or tax advice and taxpayers should consult with their individual legal, accounting and tax advisors. I. TAXPAYER STATUS FOR U.S. …
Tax Planning for the Foreign Real Estate Investor Read more »