IRS Is Denying Passports for Seriously Delinquent Tax Debtors

Taxpayers preparing to travel internationally may soon have to change their plans if they are behind on their taxes.  Earlier this week, the IRS “strongly encouraged” individuals with “seriously delinquent tax debts” to pay what they owe or enter into a payment agreement, or else they jeopardize their passports. The warning comes as the IRS begins implementing new tax enforcement procedures that were included in the Fixing America’s Surface Transportation (FAST) Act of 2015.  Under the new FA...

$14 Million Civil Penalty Charged for Failure to Report Offshore Accounts

A U.S. permanent resident from South Korea pled guilty on October 26th to charges of failing to report offshore bank accounts to the IRS. Hyung Kwon Kim, a resident of Connecticut and citizen of South Korea, admitted to holding unreported Swiss bank accounts, which were concealed through a number of entities based in offshore tax havens. Mr. Kim also admitted to filing false tax returns from 1999 through 2010, in which he omitted the income generated from his offshore Swiss accounts. In addit...

New York Attorney Pleads Guilty to Tax Evasion

On Thursday, October 12, 2017, Herbert Lindenbaum, a personal injury and medical malpractice attorney, pled guilty to tax evasion, following a nearly two-decade scheme to evade $3.4 million in taxes.  The scheme involved paying family members for work they did not do in order to create the appearance that his firm was earning little to no income, disguising income by depositing business funds into his wife’s personal account, and using his firm’s funds for personal expenses.  Lindenbaum faces up...

U.S. Government Continues Suit vs. Taxpayer With Unreported Offshore Bank Accounts

The U.S. government is moving forward in its lawsuit against a U.S. taxpayer accused of a willful failure to disclose offshore bank accounts. In Washington State district court, a judge denied the taxpayer, Jeffrey P. Pomerantz’s, motion to dismiss the case, instead ruling that the government had provided sufficient factual evidence to support a “reasonable inference” that Mr. Pomerantz was liable of a willful failure to report accounts he controlled in Canada and Switzerland during tax years 20...

Daniel Rosefelt & Associates Welcomes New Attorneys

Daniel Rosefelt & Associates, LLC is pleased to announce the additions of attorneys John Samuels Pontius, Jr. and Derek B. Wagner to the firm.  They bring extensive knowledge in the areas of international tax, tax controversy and U.S. Tax Court litigation.   Prior to joining the firm, John Samuels Pontius, Jr. was a Senior Associate at a tax controversy law firm in Annapolis, Maryland.  He represented individuals and businesses with issues in international tax and tax controversy....