The IRS has incredible powers; they can seize your car, they can seize your home. As I like to tell clients, it's really not just the IRS it's actually congress has passed legislation that gives the IRS this power. Now, that's not to say that they exercise that power in every case or early on. As a matter of fact, when we handle cases when people owe money to the IRS there are all kinds of procedures and programs Read More
I can’t afford to pay my debt to the IRS. What are my options?
There are number of options and programs available for taxpayers who are having difficulty or unable to pay their taxes. First, there’s something called an installment payment plan and that enables you to workout an arrangements with the IRS to pay an amount that you can pay each month over either the life of the statute of limitations or a shorter period of time. if you can afford to pay it. If it’ll appears you’ll Read More
What should I do if I think I’m under investigation for White Collar crimes?
If you think you're under investigation for a white collar crime, or I would suggest any crime, the important thing is to understand what is it that the government is looking at; what do they think that you did wrong? In that situation, I would probably have an attorney utilize an investigator or an accountant, depending on the scenario, to start asking questions to individuals who would have knowledge and Read More
Is it possible to settle my debt with the IRS for less than what I owe?
It is sometimes possible to settle your debt with the IRS for less than what you owe. It depends on a variety of factors; mostly it does not depend on how much you owe but how much you have. The IRS wants to know all of your assets, all of your liabilities, your income, and your expenses; based on a very specific formula, they have certain forms that we can help you work through. It is possible to either reduce your Read More
Can the IRS really press criminal charges against me?
The IRS brings criminal charges in the Southern District of Florida and all over the country. Their attempts to do so are based on a policy of trying to be uniform in the charges that they bring. Many years ago, I was an assistant U.S. attorney in the Southern District of Florida and I prosecuted many of the criminal tax cases that were brought here. These are very serious charges; but unlike many other criminal Read More
I’ve been charged with money laundering but did nothing wrong that I’m aware of. What do I do?
Many individuals are charged with crimes, many of our clients are charged with crimes; they really did nothing wrong and are completely innocent. Even though the burden of proof is on the government to prove someone guilty beyond a reasonable doubt, that’s the pie in the sky analysis. The truth is you can’t just lay back, assume that the government is going to be virtuous, and do the right thing. If you’re charged Read More
Is the IRS audit experience as bad as most people say it is?
While nobody likes to be audited, nobody likes to have the IRS looking into their tax returns and their personal affairs, we can try to help things run more smoothly. An audit can be something that's very simple and straightforward. On the other hand, it could become something lengthy and something complicated. The IRS can expand it and go into more and more years and so we like to get involved as early as possible Read More
What are the possible penalties if convicted of a White Collar crime?
Most white collar crimes have penalties that are more than one year in prison, which is a felony. Some of these crimes include potentially penalties of five years in prison for tax evasion, wire fraud, and securities fraud could be twenty years in prison. What I think it’s important to understand is generally, the government does not charge just one or two counts; the government likes to stack the deck against Read More
I have money abroad that has not been reported to the IRS. What should I do?
Every year on your tax return you're required to report any bank accounts that you have outside of the United States so if you haven't been reporting those this could be a serious problem. The IRS has serious penalties that they can impose against you and potentially even charge you criminally for not reporting bank accounts and other assets that you have outside of the country. However, there is a amnesty program Read More
My business is being audited by the IRS. What do I do?
My experience is that most business owners don’t really know what's in their tax returns there's nothing wrong with that. So the first thing that you should do is go to your accountant or your CPA, whoever prepared your return, and have them look at that, ask them for their advice. Only in those cases where there's a problem or a potentially serious problem do you necessarily need to see a lawyer. Some clients know Read More