News and Events

Maryland tax attorney provides assistance to taxpayers who are at risk of civil or criminal action by the IRS as a result of alleged fraud or other tax crimes. There are many different types of misconduct that could result in taxpayers facing an IRS investigation, including keeping money offshore but not declaring it or claiming too many deductions or failing to report all income earned.

The official end of the IRS’ Offshore Voluntary Disclosure Program may have come as a shock to many with undisclosed bank accounts overseas. Those with undisclosed assets are at risk of IRS prosecution, severe audits, massive penalties and even jail time. If you have undisclosed offshore accounts, it is imperative that you speak with US International Tax Advisors to discuss your options. As a former IRS attorney, the closure of the OVDP is not very surprising at all. In fact, there are a number of reasons why this closure actually seems to be in the best interest of the IRS.

US International Tax Advisors was recently asked by a DC news source to comment on former Trump campaign chairman Paul Manafort’s trial taking place in a federal court in Alexandria, Virginia.

Tax fraud takes many different forms, but the main goal of tax fraud is to dishonestly avoid paying the taxes that are due.

There is a pay-as-you go system in the United States for income taxes. A pay-as-you-go system means that workers are expected to send money in to the Internal Revenue Service (IRS) throughout the year as they earn income, rather than waiting until the end of the year when tax day roles around to pay the entire amount of taxes due.