In tax law “willfulness” has its own definition and it is an important definition for every taxpayer. That is because a taxpayer who “willfully” filed or did not file accurate tax information can be subjected to numerous very expensive penalties…
Blog Archives
IRS just announced major modification regarding the Offshore Voluntary Disclosure Procedure (OVDP)
These new IRS modifications are very significant. It is absolutely critical to understand these important IRS changes, please contact veteran tax attorney Richard S. Lehman Esq., today. The new Internal Revenue Service ruling greatly reduces offshore voluntary disclosure procedure for…
IRS Foreign Bank Deposit Amnesty Offshore Voluntary Disclosure Initiative
Most U.S. taxpayers are now aware of all of the new requirements for U.S. Information Returns that will alert the Internal Revenue Service to the amounts and nature of most foreign assets and foreign bank deposits owned by U.S. taxpayers. …
Posted in Domestic Taxation, Settling with the IRS
Defrauded Baby Boomers Bring 72 year Old Tax Deduction Back In Style
by Richard S. Lehman, Esq., Tax Attorney New tax importance is being given to a 72 year old tax deduction that has come of age with the baby boomers. This is a “theft loss” deduction that allows taxpayers to take…
Current Ponzi Schemes & Reference Information
1. Gurudeo “Buddy” Persaud Ponzi Scheme Information Orlando broker astrology-based investment methods reportedly told his clients that he would be investing their money in debt, stock, futures, and real estate markets. In reality, he has subscribed to the idea that…
Posted in Domestic Taxation, Ponzi Scheme, Clawback, Refund of Losses Tagged with: ponzi, ponzi scheme tax loss
Taxation — Both Domestic and International
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 …
Business survival can depend on protected investments
By Richard S. Lehman, Tax Attorney In last week’s column, we established that 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…
Estate Planning in a Low-Interest Environment
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.
“The best rule to follow in the field of tax law is to plan legal matters and obtain precision advice in advance to insure commercial endeavors are completed at minimum tax costs and personal lives are minimally disrupted.” - Richard S. Lehman, Esq.
