News & Events

March 12, 2014

Pain Relief From Undisclosed Offshore Holdings: IRS International Penalty Procedure and Strategy

Taxpayers, as well as many tax practitioners, would be hard-pressed to find other areas of the tax law that are more complex than the special tax regimes and reporting obligations applicable to U.S. persons with foreign holdings or activities.

In addition to sheer complexity, the level of penalties for noncompliance with international information return reporting requirements can be quite steep, if not draconian. In some instances, especially when unreported foreign bank accounts are involved or the government asserts that a compliance failure is willful, the total level of penalties that can be imposed can be well in excess of the value of the unreported accounts or assets. This article focuses on helping clients seek relief from these civil penalties and, specifically, when reasonable cause will justify this relief.

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News

August 15, 2018

Sixteen Paley Rothman Attorneys Selected to 2019 Best Lawyers in America

Paley Rothman is pleased to announce that 16 lawyers have been named to the 2019 Edition of Best Lawyers in America.

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Blog

Maryland’s New Sexual Assessment Law Takes Effect Oct. 1 –  Is Your Business Ready?

Maryland’s new Disclosing Sexual Harassment in the Workplaces Act goes into effect on October 1, 2018 – here’s what you and your business need to know.

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Resource Center

Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys and relevant to our areas of practice.

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