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Construction: Alert - January 30, 2012

For almost 50 years, lessors have had the ability to limit their liability for liens that arose from improvements to the leasehold made by a lessee. However, in the most recent legislative session, the Florida Legislature enacted revisions to Florida Statute § 713.10 that provide a potential pitfall for lessors by inserting a provision that may allow a contractor to lien the lessor's interest even where there is a recorded document advising of the limitation of liens.

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Labor, Employment and Benefits: Alert - February 6, 2012

The U.S. Supreme Court recently denied an employer’s request for review of a decision by the U.S. Court of Appeals for the Eighth Circuit, which held that tipped employees spending more than 20 percent of their time performing related but non-tipped duties must be paid the full minimum wage for that time, without the tip credit.

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Articles & White Papers

Noncompliance After the IRS Offshore Income Reporting Initiative—What Options Remain?
 

Journal of Taxation

November 5, 2009
 
Kevin E. Packman- Miami

Private Wealth Services Partner Kevin Packman published an article titled "Noncompliance After the IRS Offshore Income Reporting Initiative – What Options Remain?" in the Warren, Gorham & Lamont Journal of Taxation.

In the article, Mr. Packman discusses the diminishing options available to taxpayers who failed to disclose offshore accounts under the IRS Offshore Income Reporting Initiative. Mr. Packman advises that, despite expiration of the "amnesty" period, voluntary disclosure to the IRS remains the best option for unforthcoming taxpayers. However, a voluntary disclosure subsequent to the Initiative's October 15 conclusion will include greater penalties than a disclosure under the Initiative. The exactitudes of these penalties are not yet known, but Mr. Packman warns that, "the days of the kinder, gentler IRS have long passed." To read the full article, please visit the link below:

READ: Noncompliance After the IRS Offshore Income Reporting Initiative—What Options Remain?

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