News and Events

Tax law issues have become more complicated for many in recent years, thanks to new requirements for individuals with offshore investment accounts and thanks to tax reform that occurred with the passage of the Tax Cuts and Jobs Act.

It is imperative for both individuals and businesses to understand the rules associated with their tax liability. A Maryland tax attorney can provide representation and advice on complying with changing tax laws and can provide assistance to those who are concerned that they may not have fulfilled all of the IRS requirements.

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.