eBook | Foreign Asset Reporting: Navigating the Choppy Financial Seas.

LIFTING THE VEIL ON THE BLACK MARKET PESO EXCHANGE — PART I

Picture this. The date is July 2, 1991. You walk into a cavernous room that is half the size of a football field. Inside that room are rectangular tables that extend from one side of the room to the other. Piled upon these tables are stacks of United States dollars. The stacks are as high as […]

LIENS AND LEVIES AND GARNISHMENTS, OH MY!

If you owe the IRS but do not pay your tax liability in full, the IRS will send you a tax bill demanding payment in full.  If you do not pay in full or make other payment arrangements, the IRS will pursue collection of the taxes through liens, levies, or garnishments. I. Tax liens A […]

RETRIAL OF DAUGERDAS AND FIELD IN TAX SHELTER SCHEME IN FULL SWING

The retrial of former Jenkens & Gilchrist partner Paul Daugerdas in an illegal tax shelter prosecution is underway in the southern district of New York.  Mr. Daugerdas and former BDO Seidman Chief Denis Field are accused of marketing and giving legal cover for tax shelters that had no economic purpose except to avoid taxes. Field, […]

The White Knight Rises

A white knight has risen, committed to zealously defending those accused of crimes.  His name is Michael DeBlis. Michael is a passionate trial lawyer.  He puts his heart and soul into fighting for his clients.  Michael is a living example of the tremendous power that comes from combining passion, preparation, persuasion, and positive communication in […]

Improv Your Life (And Your Career)!

DeBlis & DeBlis is proud to announce that it has teamed up with the Magnet Theater to offer an improv workshop designed especially for lawyers and accountants. In partnership with When faced with a crisis, are you able to … Think on your feet? Improvise on the spot? Maintain your poise and stay as cool […]

What lawyers can learn from Improv

Lawyers can learn a lot from improvisation – much more than just thinking fast on their feet, being in the moment, and being spontaneous.  There are certain aspects of improvisation that are strikingly similar to trying a case.  In both disciplines, the key concept is the creation of a new, temporary reality.  In improvisation, the […]

White Collar Warrior

Dedicated to zealously defending those accused of crimes in both state and federal court. In prayer, humble.  In service, loyal.  In battle, invincible!

THE PROBLEM OF INTERNATIONAL DOUBLE TAXATION

U.S. citizens and residents are taxed on their income from all sources worldwide.  Worldwide taxation by the U.S. does not disarm the taxing power of other countries.  Americans pursuing income outside of the U.S. are bound to encounter tax collectors asserting their own national claims.  The world is awash in possibilities of double taxation.  Check […]

Trust Fund Recovery Penalties: Much ado about something

The income and social security taxes an employer withholds from the wages of employees are called “trust fund” taxes because they are constructively held in trust for the government. All too often, when business owners encounter financial trouble, they fail to pay these taxes – not because of any plan to steal the money from […]