Tagged: Taxes


Quiet Disclosures of Offshore Foreign Accounts

Posted: June 29, 2012

Taxpayers with foreign accounts are in a tight spot now.  They can take advantage of the current voluntary disclosure program  (as discussed Foreign Offshore Accounts: IRS Third Amnesty Program) to minimize their tax exposure and to resolve these looming and unresolved problems.  However this disclosure program brings IRS scrutiny and potential civil penalties, and in the most… Read more »

Employers Playing Tax Games with Worker Classification: Part II: Employee or Independent Contractor?

Posted: October 13, 2011

Our previous post discussed the IRS new Voluntary Worker Classification Settlement Program (VCSP) offering past payroll tax relief when the employer agrees to reclassify workers as employees. For the details and discussion of this VCSP program please see our just published article at my website at the following link: Employers Playing Tax Games with Workers:… Read more »

New Tax Alert: Employers Playing Tax Games with Workers: IRS Offers Way to Come Clean

Posted: September 30, 2011

The IRS has just introduced a new Voluntary Worker Classification Settlement Program offering past payroll tax relief when the employer agrees to reclassify workers as employees.  For the details and discussion of this VCSP program please see my just published article at my website at the following link: Employers Playing Tax Games with Workers: IRS Offers Way… Read more »

Hidden Offshore Bank Accounts: IRS Offers A Second Chance To Come Forward

Posted: April 27, 2011

The Internal Revenue Service announced on February 8, 2011 a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. Here are some of the basic provisions of this program. 1. Deadline To Come Forward:… Read more »

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From their offices in Philadelphia, PA, the law firm of Steven J. Fromm & Associates, P.C. provides a full range of estate planning, probate and estate administration, tax, business and corporate legal services to clients throughout eastern Pennsylvania and the Delaware Valley, the Lehigh Valley Area, the Five-County Area, Bucks County, Delaware County, Montgomery County, Chester County, Philadelphia County, Berks County, Lehigh County, Lancaster County, York County, Harrisburg, Norristown, Doylestown, Media, West Chester, Allentown, Lancaster, and Reading.