The IRS modifies the Voluntary Classification Settlement Program *

USA - January 9 2013
On October 4, 2011, we reported on the Voluntary Classification Settlement Program (VCSP), a program in which the IRS permits employers to prospectively…

Co-authors: Mark A. Ziemba, Geoffrey L. Gunnerson, Tiffanny Brosnan.

IRS provides long awaited guidance to current offshore voluntary disclosure program and announces a new procedure to assist U.S. citizens residing overseas *

USA - July 9 2012
As reported in our January 10, 2012 Legal Alert, the Internal Revenue Service (IRS) has announced another offshore voluntary disclosure program (the Current OVDP) with a goal of bringing U.S. persons into compliance with respect to their foreign asset and foreign account reporting obligations.

Co-authors: William A. Kastin.

Practical tips for U.S. persons owning Mexican property thru a fideicomiso *

Mexico, USA - April 16 2012
Every time I’m presented with a contract, I’m quickly transported to a small room in which Willy Wonka, played by Gene Wilder, is vehemently scolding the good natured Charlie Bucket and the poor, protective Grandpa Joe:.

Co-authors: William A. Kastin, Mark A. Ziemba, Carlos A. Sugich.

IRS announces a third offshore voluntary disclosure program *

USA - April 11 2012
We previously reported in a February 21, 2011 Legal Alert on two offshore voluntary disclosure programs (OVDP) initiated by the IRS to bring persons back into compliance who failed to report an interest in, or signature authority over, one or more offshore financial accounts.

Co-authors: William A. Kastin.