What If …

What If …

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  May 19, 2015 

The White Knight Chronicles


What If …


What if Adam and Eve had admitted that they ate from the Tree of Knowledge of Good and Evil, instead of pointing the finger at anyone else, and anything else, that happened to be there at the time? Would they still be lounging in the Garden of Eden today, munching on pomegranates and perusing through YouTube videos on their iPads? 


What if a small team of British commandos had been unable to disable Nazi Germany’s deuterium oxide factory in Vermork in 1943, after several prior attempts had failed? Would Hitler have gained the final component he needed for an atomic bomb, and attached these weapons to the V-2 rockets falling from the sky onto London?


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Who We Are


DeBlis Law is a boutique litigation firm with a single mission: to provide outstanding legal services to individuals involved in crisis situations. Our firm specializes in civil tax controversies and in all aspects of criminal defense, including white-collar criminal defense and criminal tax defense. 

We provide practical and sound advice to assist taxpayers with offshore financial assets come into compliance with their U.S. tax obligations.

Introducing The Webinar Series on “Demystifying the FBAR”


This is a seven-part webinar series that examines the FBAR upside down, sideways, and backwards. 

The seven modules are as follows: 


Module I: In this webinar, Michael DeBlis breaks down the first part of the FBAR rule into its core elements and explains each one in exquisite detail.


Module II: In this webinar, Michael DeBlis breaks down the second half of the FBAR rule into its core elements and explains each one in exquisite detail.


Module III: In this episode, Michael DeBlis answers some of the most commonly asked questions clients ask regarding the FBAR.


Module IV: 


Module V: Beyond the FBAR – Everything You Never Wanted to Know About All of the Other International Reporting Forms (But Must)


Module VI: 
Module VII: Practical and sound advice for navigating the choppy financial seas of foreign asset reporting.


Module one is available for viewing below.  


Demystifying the FBAR: Module 1
Demystifying the FBAR: Module 1



Tax Planning on the Edge – Ride or Die in the International Tax Arena

The U.S. economy has become more global, lining up in the race to the top. However, with multinational economic activities revving their gears, some tax practitioners are growing fast and furious. To them, it doesn’t matter if you win by an inch or a mile; winning is winning. As a result, some choose to violate U.S. laws as long as their advice is legal abroad while others evade taxes in foreign countries without breaking rules in the U.S. 


However, if you’ve been exploiting the legal arbitrage opportunities resulting from the gaps created by the interaction of different regimes, expect the IRS to go ‘ejecto seato, cuz‘ on you and your clients very soon.

Most tax practitioners who juggle differing tax regimes abide by the same rules they use for everyday planning. However, international tax planning has some gray areas where no clear, applicable legal standards exist. 


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DeBlis Law    
1012 Broad Street
Bloomfield, NJ 07003
973-783-7000 (office)
973-337-9473 (cell)

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What If …


Who We Are


Introducing The Webinar Series on “Demystifying the FBAR”


Tax Planning on the Edge – Ride or Die in the International Tax Arena


From Convicted Felon to Government-Made Millionaire: The Man Who Ended The Tradition of Bank Secrecy and Got Rich in the Process 


Roll On One


Join My Communities On TaxConnections

Instructional Videos

The Unknown Tax Comic (only on TaxConnections)




♦ Did you ever notice that when you put the words “The” and “IRS” together, it spells “THEIRS.” 


♦ Q: Ever wonder why the IRS calls it Form 1040? A: Because for every $50 that you earn, you get $10 and they get $40. 


♦ Children may be deductible, but they are still taxing. 

♦ April is always a difficult month for Americans – even if your ship comes in, the IRS is right there to help you unload it. 


“Foreign Asset Reporting: Navigating The Choppy Financial Seas”  

Be one of the first to get a copy of my new ebook. 
 “Click here.

From Convicted Felon to Government-Made Millionaire: The Man Who Ended the Tradition of Bank Secrecy and Got Rich in the Process


Meet Bradley Birkenfield. Mr. Birkenfield, a former Swiss banker, was released from federal prison three years ago after serving 2½ years for helping wealthy American clients hide millions of dollars from the U.S. government. Five weeks after his release from prison, Birkenfield was sitting on his couch wallowing in his misery, recognizing that he was unemployable as a private banker anywhere. 


But little did he know that his fate was about to change. As he was devouring his third pint of “Ben and Jerry’s” Boom Chocolatta, there was a knock on the door. It was his lawyer. And his lawyer came bearing gifts – a big gift – one that would choke a horse. It was a check for $ 104 million dollars from the U.S. Treasury made payable to Mr. Birkenfield.


Say what? Since when has the U.S. government begun rewarding ex-cons with an amount of cash so large that it could be used to buy and sell “Trump Towers” three times over? Why on God’s green earth would the U.S. government pay a convicted felon who has violated the laws of the United States – with impunity – more than $ 100 million dollars?
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Roll On One


James Moore received a temporary reprieve from a federal judge in Seattle, but, at least metaphorically speaking, he is still strapped onto the mercy seat in classic John Coffey style, waiting to see what the onlooking guards will do next.


No one really knows how Moore v. United States will turn out. What we do know is that, in a preliminary ruling, Judge Richard Jones declared that the IRS cannot spin the Wheel of Misfortune and arbitrarily determine the amount of a civil penalty in a Report of Foreign Banks and Financial Accounts (FBAR) failure to file case. The Service may well simply add to the record, and if that is the case, Judge Jones’ next order will be “roll on two.” However, there is a very good chance that this evidence does not exist, and in this alternative ending, an emotional Paul Edgcomb will quietly escort Mr. Moore out of the death house.


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DeBlis Law | 1012 Broad Street | (Second Floor) | Bloomfield | NJ | 07003

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