Foreign Bank Account: FBAR Litigation Victory for Green & Sklarz

Jan 12, 2021

Yesterday, a District Court Judge in Connecticut ruled in favor of our client at summary judgment and found that the non-willful penalty for failure to file an FBAR is capped at $10,000 per form, not per account, as had been argued by IRS and and DOJ. This was a matter of first impression for the Court and the ruling will impact many taxpayers. To date, the issue had only been decided by two other courts and they were divided on the issue.

You can read the decision here: United States v. Kaufman

Questions about this or other tax litigation matters? Contact us at either egreen@gs-lawfirm.com or (203) 285-8545.

Eric L. Green
Green & Sklarz LLC
One Audubon Street, 3rd Floor
New Haven, CT 06511
Ph. (203) 285-8545
egreen@gs-lawfirm.com
www.gs-lawfirm.com

Déjà Vu All Over Again: The PPP-2 Workshop

Jan 8, 2021

PPP-2: The New Rules and Tax Consequences Tuesday, January 12, 2021 | 1pm – 4pm Eastern | via Live Webinar

On December 21^st Congress passed a $2.3 trillion spending bill, which included about $900 billion of which is directed to relief programs, including a new round of PPP loans (PPP-2). On January 6th, the SBA release interim guidance for implementation of PPP-2. This program will provide a detailed review of the PPP program generally, and how the new guidance applies to businesses seeking either 1^st or 2^nd draw PPP loans. We will also review the tax related provisions, such as the expanded Employee Retention Tax Credit (ERTC) and expenses paid with PPP loans.

PPP loans generally
Second Round of PPP Funding
Clarification of Tax Treatment of PPP Loans
Employee Retention Tax Credit (ERTC)
EIDL Update
Ethical issues (what you can and cannot advise clients)
Enforcement issues

Due to the in-depth nature of this workshop, attendance is limited to 100 attendees so all attendee questions can be answered.

Register Here: https://taxrepllc.com/program-20210112-ppp-2/

Solving Tax Debts: Economic Hardship in the Time of COVID: Fundraiser

Dec 12, 2020

Solving Tax Debts: Economic Hardship in the Time of COVID.

On December 22nd I (Eric Green) and The Nina Olson, our former IRS National Taxpayer Advocate, will be doing a special two-hour webinar on how to solve your client’s tax debts in this particularly difficult economic time. We are asking you to pay $35 because it is a fund raiser, and ALL PROCEEDS go to the Center for Taxpayer Rights.

Low Income Taxpayers are being hammered right now, and the Low Income Taxpayer Clinics are getting over-run. Join us for a fun program, get two CE/CPE credits, and help low income taxpayers everywhere.

So please register here, help people that need it this holiday season, and we will see you on December 22nd: https://taxrepllc.com/program-20201222-ctr-solving-tax-debts/?inf_contact_key=acd41b51bfd3215623df1b09989d83c4680f8914173f9191b1c0223e68310bb1

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As 2020 closes out, COVID continues to rage across America and the economic devastation from the pandemic is hammering businesses and taxpayers. There are opportunities for those of us with taxpayers in trouble to help people resolve their issue and avoid IRS enforcement. When a taxpayer is unable to pay his or her living expenses, they may have their account placed in hardship, or what is known in tax lingo as ‘Uncollectible’ status. But what does uncollectible status mean, exactly, and how can a taxpayer request to have their account listed as such? How does the IRS refund offset program work, and its impact on taxpayers already struggling. The program will also discuss resolving tax debts and the Offer-in-compromise program. Attorney Eric Green and Former IRS National Taxpayer Advocate Nina Olson will explain what uncollectible status is and what practitioners and taxpayers should do to help their taxpayers be put in a hardship category so enforcement activity ceases.

Criminal Tax New Haven CT: Former New Haven Tax Preparer is Sentenced

Jan 15, 2020

John H. Durham, United States Attorney for the District of Connecticut, announced that DEVON WILLIAMS, 30, of Atlanta, Georgia, was sentenced today by U.S. District Judge Janet C. Hall in New Haven to eight months of imprisonment, followed by one year of supervised release, for preparing false tax returns.

According to court documents and statements made in court, Williams formerly owned and operated Perfect Preparers, LLC, a tax preparation business based in New Haven. Between approximately 2014 and 2017, Williams prepared numerous federal tax returns for clients that contained inflated deductions, including false deductions for unreimbursed employee expenses, charitable donations, and mortgage interest. Some returns contained false Schedule C (sole proprietorship business) information. Losses suffered by the IRS as a result of his fraud totaled at least $550,000.

Judge Hall ordered Williams to pay restitution of $550,000.

On October 3, 2019, Williams pleaded guilty to one count of aiding and assisting the preparation of a false tax return.

As a result of Williams’ fraudulent conduct, many of his clients’ filed tax returns will need to be amended. Williams’ clients are required to resolve their own tax liability with the IRS.

Williams, who is released on a $150,000 bond, is required to report to prison on March 4, 2020.

This matter was investigated by the Internal Revenue Service – Criminal Investigation Division. The case was prosecuted by Assistant U.S. Attorney Jennifer R. Laraia.

If you or someone you know has a criminal tax issue, or was victimized by Devon Williams, please contact us at (203) 285-8545 or by email at egreen@gs-lawfirm.com.

Eric L. Green, Esq.

Green & Sklarz LLC

One Audubon Street, 3rd Floor

New Haven, CT 06511

Ph. (203) 285-8545

Fax (203) 286-1311

egreen@gs-lawfirm.com

www.gs-lawfirm.com

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