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Category Archives: Amnesty for Off Shore Banking

Tax and Penalty Obligations, Offshore Bank And Foreign Asset Disclosure Reporting

By Lehman Tax Law |

By now in 2020, most American taxpayers are aware of the fact that a lot of new laws have been put in place to make sure that the U.S. taxpayer is reporting all of their offshore income their offshore assets and their offshore bank accounts. There is an extremely important and valuable I.R.S. program… Read More »

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11.5 million documents in the Panama Papers Corruption

By Lehman Tax Law |

For many years now the IRS has been creating new programs to insure Americans pay taxes on all offshore investments. Here are just a few; the Foreign Account Tax Compliance Act (FATCA), Offshore Voluntary Disclosure and Streamlined Compliance Programs. To date, 11.5 million documents  have been revealing offshore bank accounts and tax havens of innocent investors… Read More »

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Update on the IRS open-ended amnesty program

By Lehman Tax Law |

 We are having success in getting penalties eliminated or reduced. I want to make you aware of the best guidance that one can get regarding the new IRS open-ended Amnesty program.  These questions from the IRS deal with the Amnesty program.  They will be very helpful. EXAMPLE: Questions 17 in the IRS question which… Read More »

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Making The Offer In Compromise – Simple

By Lehman Tax Law |

By Richard S. Lehman, Tax Attorney Introduction The “Offer in Compromise” is the typical way for Americans to resolve outstanding tax liabilities that they are unable to meet.1 It is a reasonably fair process with levels of Taxpayer protections. However, it is not as is often advertised, a procedure that produces the miracle of… Read More »

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The Jaws are Closing on the U.S. Taxpayer

By Lehman Tax Law |

On March 23, 2009 the I.R.S. initiated an Amnesty Program for the purpose of permitting taxpayers with foreign bank deposits to fully disclose these foreign deposits and avoid criminal sanctions as long as the taxpayer was not under investigation by I.R.S. at the time of the disclosure and the income involved was earned form… Read More »

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Value can be lost without good professional advice

By Lehman Tax Law |

These websites below have been created by Richard S. Lehman and Lehman Tax Law to help you better understand your legal rights as a United States taxpayer. Since tax law is ever evolving — the site content will evolve and provide detailed advice. The following sites are current and up-to-date. United States Taxation of… Read More »

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