Offer In Compromise

Offer In Compromise

FRESH START INITIATIVE 2012- Fresh Start Initiative For offers in Compromise 1.10    On May 21, 2012 the Internal Revenue Service announced another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program…

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Quoted In Forbes On Jail Terms For Offshore Accounts

Quoted in Forbes on Jail Terms for Offshore Accounts

Chicago tax lawyer Robert E. McKenzie worries those with still secret offshore accounts may be less likely to disclose because they figure that if they’re found out and prosecuted, they’ll avoid jail as Warner has. But McKenzie tells prospective clients the same thing he wrote recently on Forbes: “Many other less lucky offshore depositors have been sentenced to prison by other judges. One distinguishing factor for Warner was he was a billionaire whereas those sent to prison were merely millionaires.”

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