PHILOSOPHY OF THE PRACTICE & EXPERIENCE
Over the past 38 years, Richard S. Lehman has established a sophisticated private practice focusing on tax law. His background, education, and experience has distinguished him in this complex field. A published author and noted speaker,
Mr. Lehman has carved a reputation as a powerful client advocate.
He is a graduate of Georgetown Law School with a Master’s of tax law from New York University Law School. He has served as a law clerk to the Honorable William M. Fay, U.S. Tax Court and as Senior Attorney of the Interpretative Division in the Chief Counsel’s Office of the Internal Revenue Service in Washington D.C., the IRS’s internal law firm.
A one-time partner in one of the nation’s largest law firms, Mr. Lehman has found that practicing on his own matches his client’s entrepreneurial spirit.
Central to Mr. Lehman’s practice is recognizing that legal needs do not exist in a vacuum. Numerous legal disciplines often come into play in resolving matters. Consequently, Mr. Lehman is regularly approached to untangle complex legal and tax situations that require the expertise of numerous lawyers in varied disciplines.
Mr. Lehman has a broad network of contacts in the legal profession on every continent. Regardless, of the issue, he has consistently guided clients through the legal maze with sophisticated tax strategies that assist a wide range of clients including:
- Those with complex tax dilemmas, both domestic and foreign
- Foreigners investing in and immigrating to the United States
- United States citizens and corporations investing in foreign countries
- Families with complicated estate tax situations
- Ponzi scheme victims seeking tax relief
The FATCA Takes A Team; 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 these foreign bank accounts as part of their United States tax returns, but also the fact that they may be subject to small or large penalties if they have not reported the existence of these accounts as part of their United States tax returns.
The IRS has established three separate programs under which the American taxpayer can now report foreign bank deposits that have been unreported in the past. Read this full article
The IRS Streamlined Filing Compliance Procedures explained by Richard S. Lehman
UNITED STATES TAXATION OF FOREIGN INVESTORS
Web Seminar – U.S. Taxation (General Overview) The following seminar is intended to provide the foreign investor both corporate and individual, with a basic introduction to the tax laws of the United States as they apply to that foreign investor. Click here to read article and watch video presentation.
ARTICLE: United States Taxation of Foreign Investors
PRE IMMIGRATION INCOME TAX PLANNING
The immigrating Non Resident Alien must prepare for a tax life as a Resident Alien. This means closing out the past and taking advantage of all of the tax deductions and tax investment incentives offered by the U.S. Tax Code. It may mean leaving certain of the taxpayer’s foreign investments in place.
Often immigrating residents are unfamiliar with the tax laws of the United States, that they will face upon obtaining their resident status. Often this lack of knowledge can be costly with immigrants paying unnecessary taxes and burdening themselves with liabilities.
FOREIGN INVESTORS IN U.S. REAL ESTATE
Web Seminar – Investing in U.S. Real Estate.
This Web seminar explains the tax laws governing real estate investments in the U.S. and the techniques available to reduce U.S. taxes on real estate profits earned by Foreign Investors. There is an emphasis on tax planning for the non-resident alien individual and foreign corporate investor that is planning to invest in United States real estate.
ARTICLE: Tax Planning for Foreign Investors Acquiring United States Real Estate Investments
UNITED STATES TAX BENEFITS FOR EXPORTING
With all profits hard to come by, U.S. taxpayers that sell, lease or license “export property” which is manufactured, produced or grown in the United States (not more than 50% of which attributable to U.S. imports); can take advantage of tax support for their export profits in the Internal Revenue Code. Export profits can be taxed at a 15% tax rate instead of the 35% tax rate on ordinary income (and sometimes 50% tax rates when state and city taxes apply).Click here to watch web seminar and read Article
ARTICLE: The Export Disc Corporation – Computer Software and Internet Sales and Licenses