From the monthly archives:
by Phil Hodgen, Hodgen Law Group PC on August 28, 2009
Out of the 250 names that the IRS obtained from UBS earlier this year, I am told there are about 150 open investigations at the IRS. There are four guilty pleas so far from taxpayers.
The next wave is the much-touted 4,450 names to be revealed from the latest settlement, which conveniently happened while I was [...]
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by Phil Hodgen, Hodgen Law Group PC on August 28, 2009
In Tuesday’s meeting of the Beverly Hills Bar Association’s special session of the Tax Section, there were about 35 lawyers present. Based on questioning from the panel and responses from the audience, I believe our firm was the only one that actually has amnesty cases which have reached the end of the line in Philadelphia. [...]
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by Phil Hodgen, Hodgen Law Group PC on August 28, 2009
On Tuesday I sat in a special program put on by the Beverly Hills Bar Association’s Tax Section. Present were two Special Agents from the Internal Revenue Service’s Criminal Investigations Post of Duty in Santa Ana, California. That office handles all of Southern California. Also present was the prosecutor who successfully obtained a plea bargain [...]
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by Phil Hodgen, Hodgen Law Group PC on August 28, 2009
I know — because I get the phone calls — that a lot of you are reading this and thinking about doing some sort of tax cleanup. You don’t know what to do, you’re not ready to move, and you’re thinking that you can wait up until September 23, 2009.
Here’s the deal. A voluntary disclosure [...]
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by Phil Hodgen, Hodgen Law Group PC on August 27, 2009
This one directly relates to the settlement recently reached between the IRS and UBS — the one in which 4,450 lost souls will experience the Finger of Fate pointed at them in a life-altering way.
Here’s the FAQ in its entirely. My suggestion to you is that you do not wait. At all. [...]
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by Phil Hodgen, Hodgen Law Group PC on August 5, 2009
We’re now a little over 4 months into the amnesty procedure for undisclosed foreign bank accounts. Here’s where things stand.
THE AMNESTY – OVERVIEW
The amnesty process is nominally for people who have undisclosed foreign bank and other financial accounts, and who have unreported income from those accounts. The IRS wants to know about the [...]
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