08 July 2020 - Events
Helped two sisters, both Offshore Voluntary Disclosure clients, facing a multimillion dollar (50%) penalty, to achieve a zero penalty result. They were thrilled, as the application of the 50% penalty would have decimated their retirement savings. They are now personal friends, and are enjoying their retirement in a warm, sunny local.
Reduced a New York City tax assessment by 50% for a client, by putting forth several out-of-the box arguments for reducing this assessment.
Helped numerous clients convey their nonwillful (accidental) filing errors to the IRS in a manner that resulted in a mere 5% penalty in Streamlined Domestic Offshore Procedure cases (and 0% penalty in Streamlined Foreign Offshore Procedure cases).
Have counselled numerous clients facing criminal penalties and jail time, to come into US tax compliance with tolerable civil penalties.
New York, 2007
‘A Target on American Clients in Canada,’ Wealth Professional Canada - April 3, 2020, co-author
’2018 federal and state tax provisions for the foreign service’, The Foreign Service Journal - January - February 2019, contributor
‘Its the end of the OVDP world as we know it’, Withers article - March 26, 2018, co-author
‘The urgency of FBAR reporting for US persons living in China’, Private Asset Management - August 1, 2016, co-author
‘Efficient gifting: Trusts and tax-advantaged accounts are powerful tools for gifting to children’, Financial Advisor Magazine - March 2010, co-author
‘Let’s start with gifting – Annual Exclusions’, Private Wealth Magazine - March/April Edition 2010, co-author
‘FLP care and maintenance’, Financial Advisor Magazine - December 2008, co-author