You Came Up Short

You Came Up Short

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  October 8, 2015 

The White Knight Chronicles


You Came Up Short
Governments will try to get away with almost anything during wartime. In the Civil War, President Abraham Lincoln suspended the writ of habeas corpus so federal authorities could lock up suspected Confederate sympathizers and throw away the keys. This action was more than mere ink on paper; it was very vigorously enforced, especially in Maryland and other Border States. 

He also signed the Revenue Act of 1861, which put an income tax into effect. The government gave up in 1862, partially due to Constitutional concerns regarding the Apportionment Clause (all taxes must be apportioned between the states), but mostly because the Revenue Act simply didn’t raise much money. 

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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.

Your Lifeline for Form 8938


This is a five-part webinar series that examines Form 8938 upside down, sideways, and backwards. 

The first three modules are as follows: 


Module I: In this webinar, Michael DeBlis deconstructs the first part of the requirements for Form 8938 and explains each one in exquisite detail.


Module IIIn this webinar, Michael DeBlis breaks the second-half of the Form 8938 rule down into its key terms and explains each term in exquisite detail.


Module III: In this webinar, Michael DeBlis covers the applicable thresholds that apply to U.S. taxpayers based on location, marital status, and method of filing.

‘Justice Delayed Is Justice Denied’?

Wighead English jurist William Gladstone, the author of this famous quote, was obviously not a criminal defense lawyer. In many, if not most, cases, delay is a fundamental element of a successful defense, or even the lynchpin of the entire schmear. Over time, memories fade, evidence is lost (or at least becomes more difficult to find and use in court), witnesses relocate, and prosecutors lose interest in the case. All of these developments weigh in favor of criminal defendants.

To paraphrase Gordon Gekko: Delay is good. Delay is right; delay works. So, there were champagne corks popping all along Wall Street and into the uttermost parts of the earth when the IRS announced that it would delay certain FATCA bank withholding requirements until 2019. However, it remains to be seen whether the delay is a legitimate reprieve or just a temporary stay of execution while someone makes a CVS run for more potassium chloride.
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DeBlis Law    
1012 Broad Street
Bloomfield, NJ 07003
973-783-7000 (office)
973-337-9473 (cell)

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You Came Up Short
Who We Are
Your Lifeline For Form 8938
‘Justice Delayed Is Justice Denied’?
Trouble In Paradise
I’m Sorry
Introducing “Emotion In The Courtroom!”

Instructional Videos

“Foreign Asset Reporting: Navigating The Choppy Financial Seas”  

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Trouble In Paradise

Former Congressman Barney Frank recently remarked that the financial reform law that partially bears his name is in a unique position, because “No program in American history could more clearly combine two elements: great success and absolute unpopularity.” While the jury is still out on the “great success” of Dodd-Frank, there is no doubt that everyone hates it.

Many Democrats, especially progressives like Senators Bernie Sanders and Elizabeth Warren, don’t think the law went far enough towards reigning in the big banks. There is even talk in some quarters about blowing the dust off the Depression-era Glass-Steagall Act, which might effectively break up Wall Street banks the way the government broke up Ma Bell a generation ago.

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I’m Sorry
TIn 1811, President James Madison started the Federal Conscience Fund, which allows guilt-ridden Americans to surreptitiously atone for their financial sins. Over the years, generous benefactors have achieved various levels of catharsis. Typical donors range from guilty individuals, such as a Massachusetts woman who mailed in nine cents, because she re-used three postage stamps, to a government contractor haunted by the ghosts of Christmas past who sent in some $400,000.

Predictably, many people send in offerings to clear their consciences “with the IRS and with God.” One anonymous woman generously offered a few hand-made quilts to settle her tax debt. But perhaps the best of all is a man who emptied his conscience by writing, “I cheated on my income taxes and haven’t been able to sleep. So, I enclose a cashier’s check for $1,000. If I still can’t sleep, I’ll send in the balance.”
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