From the category archives:
by Phil Hodgen, Hodgen Law Group PC on October 19, 2009
Go to my main blog for a post on a call I received this morning from a gentleman who missed the deadline for disclosing signature control over a foreign bank account:
Low balance in the account — high enough to trigger the reporting requirement but low enough so you wonder why the IRS would even care;
It’s [...]
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by Phil Hodgen, Hodgen Law Group PC on October 14, 2009
Here’s a lightly adapted version of the letter we use. If you want to launch your own voluntary disclosure for your offshore account, here’s what to do:
Go to the IRS website and find the address and phone number for the IRS Criminal Investigations office for where you live.
Call them and get their fax number.
Do [...]
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by Phil Hodgen, Hodgen Law Group PC on October 14, 2009
I’m sitting at home and the mobile keeps ringing. +1-626-437-2500 until midnight. Go ahead. Call. I’m working at home on the laptop and rocking out to War (“Me and Baby Brother” over and over and over) and Traffic (Low Spark of High Heel Boys when I get sick of War).
People are [...]
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by Phil Hodgen, Hodgen Law Group PC on October 14, 2009
We are getting calls today asking for help. Sorry. We can’t take on another amnesty filing because we have to hit FedEx tonight. Sorry. Limited bandwidth. Four people working nonstop to get paper out the door.
If you want to go forward with the voluntary disclosure program, launch it yourself (look [...]
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by Phil Hodgen, Hodgen Law Group PC on October 13, 2009
Given the impending deadline, I’ve received some questions about whether the further extension to June 30, 2010 will apply to give relief to people who are possibly required to file Form TD F 90-22.1.
No deep comments at the moment. Too busy. Read it then go tell the IRS that they need a good [...]
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by Phil Hodgen, Hodgen Law Group PC on October 13, 2009
Stuart Pfeifer, a reporter for the Los Angeles Times, wrote an article about the voluntary disclosure program for offshore bank accounts. It was published today.
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by Phil Hodgen, Hodgen Law Group PC on October 12, 2009
Thanks to all of you out there, even if we haven’t communicated one-to-one.
Most of you are lurkers. It’s understandable. Why post a comment when that might flag who you are? Even the IRS knows about the interwebs. But every once in a while a get an email. And last night I [...]
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by Phil Hodgen, Hodgen Law Group PC on October 12, 2009
Anyone out there who consulted with us over the last few months and now wants to go with the voluntary disclosure program? Call us. +1-626-689-0060 (office). Or call me at +1-626-437-2500 (mobile). I want to make sure that anyone who wants our help through this process will get it.
It’s last call [...]
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by Phil Hodgen, Hodgen Law Group PC on October 10, 2009
All of the UBS letters I have seen so far have one of those two dates on them – September 23, 2009 or September 25, 2009.
I am shocked – SHOCKED – that these dates are so close in time to the previously-scheduled expiration of the amnesty program. A coincidence, I’m sure. I am [...]
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by Phil Hodgen, Hodgen Law Group PC on October 9, 2009
My phone is ringing off the hook. UBS customers are getting The Letter.
If you have received The Letter your options are limited:
Fight disclosure in Switzerland (I have referred clients to Swiss lawyers for this);
Apply for the amnesty program before the 15th; or
Sit tight and hope.
You do not have the option of closing [...]
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