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by Phil Hodgen, Hodgen Law Group PC on June 26, 2009
People with off‑shore bank accounts need to make a strategic decision before the amnesty ends on September 23, 2009 on what to do: go through it, or continue to hide. My personal opinion is that secrecy is a doomed strategy: it may work for a while, but it will sooner or later not work. So, [...]
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by Phil Hodgen, Hodgen Law Group PC on June 26, 2009
One of the deals with the amnesty is that you’ve got to get to the IRS before they find you. If they find you, it’s not voluntary any more, is it, because they’re after you and they’re chasing you. One of the problems now facing offshore account holders is this: there’s this giant piece of [...]
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by Phil Hodgen, Hodgen Law Group PC on June 26, 2009
Here’s the deal. The amnesty says that you have got to go back six years, all the way from calendar year 2003 forward, and clean up your tax returns, pay some penalties, pay some tax, pay some interest. Now why the six years? The six years happens to be the amount of time that the [...]
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by Phil Hodgen, Hodgen Law Group PC on May 26, 2009
Read more about setting up a personalized, flat-fee consultation with me here. I can help you figure out whether this amnesty is right for your particular situation. Want more? Here’s my video overview of the amnesty. Scroll down to see more videos and posts with the latest news about the amnesty, or check out my [...]
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