Asset Protection
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An Opportunity is Soon Closing to Voluntarily Disclose Offshore Assets to the IRS4/4/18 | By: Asher Rubinstein, Esq. and David N. Milner, Esq. | GDB 2018 Spring Newsletter
Since 2009, the IRS Offshore Voluntary Disclosure Program (OVDP) has been an opportunity for U.S. taxpayers who failed to report foreign income and assets to become compliant, pay back taxes, lower their potential penalties and avoid criminal prosecution. In March, the IRS announced that the OVDP will close on September 28, 2018. Only a few months remain to bring offshore assets into IRS compliance via the OVDP.
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IRS Focus on Bitcoin and Virtual Currencies4/4/2018 | By: Asher Rubinstein, Esq.| GDB 2018 Spring Newsletter
The IRS treats virtual currency as property, rather than a currency, which means that taxpayers are required to pay taxes on any gains when they “use” or sell the currency. As an indication of the seriousness of the IRS focus on tax compliance for virtual currencies, the IRS recently served Coinbase, the largest public virtual currency exchange, with a summons seeking information on Coinbase customers who may not have properly reported profits to the IRS.
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Offshore Accounts, IRS Compliance and the Streamlined Voluntary Disclosures: Lower Penalties, But Bigger Risks
Conducted by GDB partner, Asher Rubinstein7/17/2017 | Clear Law Institute Webinar -
Offshore Versus Domestic Asset Protection7/5/2017 | By: Asher Rubinstein, Esq. | GDB 2017 Summer Newsletter
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The Panama Papers: Effective Asset Protection Should Not Be Compromised by Lack of Banking Secrecy08/04/2016 | Asher Rubinstein, Esq.
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A Current Assessment of the IRS Streamlined Offshore Procedures04/21/2016 | By: Asher Rubinstein, Esq. | Journal of Taxation and Regulation of Financial Institutions
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Foreign Trust Survives Creditor Challenge02/25/2013
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Offshore Planning in a Transparent World02/25/2013 | By: Kenneth Rubinstein, Esq.
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Asset Protection in the New Millennium
02/24/2013 -
Protect What You Have Left02/23/2013
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Is Offshore Asset Protection Still Viable?08/08/2011