Category: IRS Amnesty

United States taxpayers, last opportunity if you have unreported bank deposit income or income from certain tangible foreign assets

Richard S. Lehman

U.S. taxpayers living overseas need not fear reporting foreign income If an American Taxpayer living outside the United States is concerned that his or her failure to report income, pay tax and submit required information returns was due to willful

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ATTENTION United States Taxpayers Residing Outside The United States

Internal Revenue Service terminates the OVDP for American Taxpayers

The Internal Revenue Service (IRS) has announced that the Offshore Voluntary Compliance Program (OVDP) will terminate on September 28, 2018 (not the Streamlined Compliance Program). Once the OVDP ends the I.R.S. will be looking for offshore unreported income. The penalties,

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Americans With Foreign Bank Accounts

American citizens and residents often have placed funds in foreign bank accounts, in banks all over the world. There is a requirement that all of these foreign bank accounts be reported to the United States on an annual basis and that

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An update on the IRS Streamline Compliance Program

There also is an Internal Revenue Service program that permits United States individuals, who have innocently and unknowingly not reported their foreign bank deposits, to report those deposits at a much reduced penalty than the penalty applicable to the willful

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The new IRS Streamlined Filing Compliance Procedure explained by United States Tax Attorney Richard S. Lehman, Esq.

This is an extremely important and valuable I.R.S. Program. It allows almost every American who has been afraid to step forward and disclose their foreign assets to the U.S. taxing authorities to do so with minimized penalties on unpaid taxes and unfiled information returns.

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The Tax Planning for Expatriation from the United States

The taxation of Americans and long term green card holders (permanent residents) who expatriate from the United States has gone through many changes over the years. The latest version of these changes with tax expatriating Americans on their accumulated un-taxed

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IRS just announced major modification regarding the Offshore Voluntary Disclosure Procedure (OVDP)

In the video below, United States Tax Attorney, Richard S. Lehman explains the new I.R.S. Streamlined Filing Compliance Procedures. This is an extremely important and valuable I.R.S. Program. It allows almost every American who has been afraid to step forward and

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Update on the IRS open-ended amnesty program

 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

Offer in compromise can help deal with IRS woes

There is one creditor that is often not put off even by bankruptcy – the IRS. By Richard S. Lehman, Esq., of Richard S. Lehman P.A. Published: South Florida Business Journal Whether it is individuals who have not filed their

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