OFFSHORE VOLUNTARY DISCLOSURE DEAL OFFERED BY IRS (UBS, Credit Suisse, HSBC, LGT, Julius Baer, Lombard Odier, Leumi)
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SPECIAL MESSAGE TO LEUMI ACCOUNT HOLDERS
Reuters is reporting that Leumi bank is requiring U.S. clients to declare that they are not U.S. clients, or to reveal their accounts to the Internal Revenue Service. Leumi's actions appear to be directly tied to the implementation of the Foreign Account Tax Compliance Act.
Teig Lawrence, P.A. is offering a $1,500 account credit to any new client with an undeclared Leumi Offshore Account. The client must retain our Firm for purposes of pursuing an Offshore Voluntary Disclosure with the Internal Revenue Service. The $1500 account credit will be added to the initial hourly retainer required by Teig Lawrence, P.A. to handle the case. To schedule a consultation, please call 305-576-4242.
SPECIAL MESSAGE TO UBS ACCOUNT HOLDERS
On June 17, 2010, Swiss lawmakers approved the UBS settlement. This settlement requires the Swiss to hand U.S. Authorities the names of 4450 UBS bank clients (current & former).
The IRS is still encouraging account holders to come forward under the voluntary disclosure program. It is important that you make your voluntary disclosure with the IRS before the IRS gets your name from the Swiss. If the IRS gets your name first, the threat of criminal prosecution and/or assessment of greater penalties substantially increases.
If you have an undeclared UBS acccount, you should seek the advice of legal counsel immediately to discuss your options before it is too late. Every case presents different facts and circumstances. This message should NOT be construed to be legal advice applicable to your specific situation. This message shall not constitute any express or implied attorney client relationship with the readers of same.
Due to this emergency situation, I will be available 24 hours per day / 7 days per week. Normal office hours are from 8:30 am to 5:00 pm (EST). If this is an urgent matter outside of normal business hours, please call my cell phone at 954-610-3029 (24 hours / 7 days per week). We represent clients in the United States and internationally.
We are excited to announce that we are now offering fixed fees as low as $18,000 for Offshore Voluntary Disclosure cases. Our experience with the IRS offshore voluntary disclosure program has allowed us to streamline our processes and procedures. We are passing the savings on to you!
Please note that every offshore disclosure case presents with unique facts and circumstances. In order to provide you with a fixed fee quote, we need to have a comprehensive understanding of your case which typically requires at least a one hour paid initial consultation. Call now for an initial consultation 305-576-4242.
*In accordance with Florida Bar Rules, costs (if any) are additional and are the responsibility of the client.
HOW TO CHOOSE THE RIGHT VOLUNTARY DISCLOSURE ATTORNEY
If you want to know latest information regarding offshore accounts and developements regarding the IRS Offshore Voluntary Disclosure Program, check the mytaxlaw.com website on a daily basis. How Do I Choose the Right Offshore Disclosure Attorney? Prepared by Teig Lawrence.
IRS OFFSHORE VOLUNTARY DISCLOSURE PROGRAM
The IRS "Amnesty Program" officially expired on October 15, 2009. However, it appears that the door may still be open for the reduced penalty program if the facts and circumstances of the case warrant inclusion into the reduced penalty program.
The IRS has indicated that it is back to business as usual and that new voluntary disclosure cases will processed on a case by case basis under the penalty framework in place prior to the implementation of the Amnesty Program.
Despite IRS assertions that the Amnesty Program has expired, indications are that some form of the Amnesty Program penalty framework may un-officially remain in existence. Why? Consider the following: (1) the IRS received many more disclosure cases than it ever anticipated; (2) The IRS does not have adequate resources to deal with the cases on a case by case basis in a manner which still treats taxpayers equally; (3) The IRS needs to use a streamlined process in order to handle the volume of cases it has now; and, (4) The IRS is most certainly expecting new cases when the DOJ goes after the next bank.
Regardless of your situation, you must keep in mind that every case is different and you should seek the advice of counsel to get a better understanding of your options. We understand that disclosing your offshore account can be a very scary proposition. We can help you understand the process and make an informed decision regarding your situation. Call now for an initial consultation 305-576-4242.
Our Firm is currently representing a large number of clients in the Offshore Voluntary Disclosure Program offered on March 26, 2009 as well as several clients that missed October 15, 2009 deadline. We have also successfully represented numerous clients in two prior offshore disclosure initiatives offered by the IRS (OVCI in 2003 & LCCI 2003 - 2009). In prior offshore voluntary disclosure programs, we have found the IRS to be honorable and respectful of our clients rights. More importantly, all of our offshore disclosure clients received the deal that was offered by the IRS. In some instances, we were even able to negotiate better terms for our clients.
We currently represent clients in the United States and Internationally. You do not need to live in Florida to retain our Firm. Technology eliminates geographical issues.
The best way to mitigate the uncertainty surrounding this current offshore voluntary disclosure program is to understand what has happened in prior offshore programs. We understand what has happened in the past. Let us help you with the future. We have the offshore disclosure experience you need to protect yourself and your family. Call now for an initial consultation 305-576-4242.
The Law Office of Teig Lawrence assits clients with a wide range of tax issues in the State of Florida including in Miami, Fort Lauderdale, Jupiter, Broward County and Palm Beach County. Our office also assists clients with matters related to SWISS BANK ACCOUNT UBS LBT JOHN DOE SUMMONS.