Depending on the situation you may not need a lawyer to become FATCA compliant. If this is the first tax year you have had an offshore asset all you need to do is report it. If however you have had the asset for a number of years you will want to consult with a lawyer to limit your risks of facing prosecution.
Archives for December 2015
It is difficult to imagine an illegal narcotic in South Florida that can have a more powerful impact than crack cocaine, yet the new designer drug flakka has hit the streets with a vengeance. First recognized as an "epidemic" in mid-2014, Homeland Security already has a drug enforcement unit specifically devoted to it and United Way of Broward County has set up a multi-agency task force to address
A criminal case requires that the government prove several elements depending on the particular crime. Generally it is a requirement that a person knows of a legal duty and intentionally chooses to disregard that duty. A person might believe they did not act willfully but if the government disagrees the case will be decided by a jury.
You have the right to transfer your money back to the US at any time. Whether this will result in an investigation is a different story. If there is enough concern over the transfer consult with a lawyer, enter the Offshore Voluntary Disclosure Program or the Streamlined Program before bringing it over.
Disclosure requirements for a lawyer and for an accountant have certain differences. If a client retains a lawyer everything they say in confidence is considered privileged, meaning it cannot be shared without the client's consent. An accountant-client privilege is a similar agreement between the client and their accountant. The accountant in this case cannot share information without the consent
Any company that is in the business of selling dietary supplements should consult with a lawyer. Making statements that are untrue or leaving out facts that a consumer needs to know can get companies into trouble. The government is trying to protect the public and let them make their own informed decisions. If there is an issue the justice department will look into companies and people