Category Archives: Domestic Tax Planning
Videos Explaining United States Taxation
Tax Lawyer Richard S. Lehman, Esq., Offers Tax Webinars and Training on Relevant Tax Issues Please note: once you pick your presentation you will be taken to USTaxLawSeminars.com website (a Richard S. Lehman website) to view and download materials. U.S. TAX LAW SEMINAR: The New IRS Streamlined Filing Compliance Procedures Learn about The Internal… Read More »
Richard S. Lehman, Esq., answers the top 10 questions about the I.R.S. Streamlined Compliance Program
Question 1 Will a taxpayer qualify for the Streamline Program if they are under examination? a) Yes b) No c) They will qualify unless they are under criminal examination Question 2 Can a U.S. Taxpayer who is living in the U.S. qualify for the Streamlined Disclosure Program if the Taxpayer has not filed tax… Read More »
Real Estate Sales to Foreign Investors in Billion Dollars
The National Association of Realtors states that approximately 55% of reported foreign transactions of purchases by international clients are cash. They say that mortgage financing tends to be a problem for non-resident international clients due to financial profiles that are different in some cases from those normally received by the financial institution from domestic… Read More »
Tax Deferral: Delayed Tax Payment On Gains
Tax Planning Techniques for Real Estate Investors The “Like Kind Exchange” Real estate investors whose property increased in value may change their investment from one real estate investment to a different real estate investment of a higher value without paying tax on the gain in their original asset until a later point in time…. Read More »
The FATCA Team Approach; The Role of Lawyer and Accountant
United States taxpayers, which include United States citizens, Green Card holders and alien individuals who are considered to be United States residents for U.S. tax purposes, who have interests in and/or control over unreported foreign bank accounts are waking up to the fact that not only are they responsible for reporting the existence of… Read More »
The New IRS Streamlined Filing Compliance Procedures
Here are frequently asked questions about the IRS changes to the Offshore Bank and Foreign Asset Disclosure Programs. Question 1. Will a taxpayer qualify for either of the Streamline Program or the Offshore Voluntary Disclosure Program that permits Taxpayers to voluntarily disclose their offshore bank accounts with reduced penalties if they are under examination?… Read More »
I.R.S. program granting Amnesty from criminal tax prosecution for offshore delinquent taxpayers
Many American taxpayers are not completely sure about the IRS changes to Offshore Bank and Foreign Asset Disclosure Programs. Here are a few frequently asked questions we have seen lately. Question 1: If a Taxpayer is concerned that his or her failure to report income, pay tax and submit required information returns was due… Read More »
The Foreign Account Tax Compliance Act (FATCA)
Americans now required to disclose all foreign financial assets by Richard S. Lehman, Esq. Background A little known new law was enacted for the year 2011 that requires, that once certain minimum amounts are exceeded, any specified person that holds any interest in a specified foreign financial asset during the taxable year to attach… Read More »
Tax Planning for Expatriation from the United States
Bloomberg Business reports today that “There are an estimated 6 million U.S. citizens living abroad. More than 10,000 Americans living overseas have given up their passports over the past five years.” The taxation of Americans and long term green card holders (permanent residents) who expatriate from the United States has gone through many changes… Read More »
How Much Damage is Really Caused by Tax Inversions
The latest craze to interrupt the corporate world is Congress’ rhetoric about the “Tax Inversion” of United States corporations. Essentially the Tax Inversion is the transfer by a U.S. corporation of its domicile in the U.S. to a foreign country whose corporate tax laws are more favorable than the U.S. Federal tax laws that… Read More »
