We dedicate a significant amount of time in evaluating each case to insure that all issues before the Internal Revenue Service as well as any new tax issue that may arise at a later date are considered. During the investigative phase of each engagement, Mr. Verni develops a risk profile based upon the client’s level of risk tolerance. Mr. Verni also makes use of his MBA in conducting financial analysis on behalf of his clients.
Anthony N. Verni has over twenty years of experience in successfully representing clients before the Internal Revenue Service, Appeals and in the U.S. Tax and District Courts.
Successful Track Record Representing Clients Participating in the 2016 Tax Amnesty Program.
The IRS recently announced significant changes to the Offshore Voluntary Disclosure Program (OVDP). The 2016 changes are considered to be an extension of the 2012 OVDP. The changes to the tax amnesty program are commonly referred to the “2014 OVDP.”
The OVDP, which now is in its fourth iteration, was introduced in 2009 in the wake of the UBS scandal and represents a commitment by IRS and Department of Justice to increase the number of taxpayers reporting their unreported foreign financial accounts. The IRS followed up in 2011 with the Offshore Voluntary Disclosure Initiative. (OVDI). In 2012 and following the close of the OVDI, the IRS introduced the 2012 OVDP. In 2014 the IRS announced further modifications to the OVDP. Global tax enforcement initiatives have also resulted in greater transparency.
With the enactment and implementation of Foreign Account Tax Compliance Act (FATCA), the development of the Common Reporting Standards (CRS) spearheaded by the Organisation for Economic Assistance and Development (OECD) and the implementation other global information exchange initiatives, any thoughts of escaping IRS detection is unrealistic.
Verni Tax Law has assisted scores of expatriates and other U.S. tax residents, as well as foreign and domestic business entities in becoming compliant with the U.S. Tax laws and other financial reporting requirements, including participation in the OVDP and offshore disclosure using the Streamlined Offshore procedures.
Offices Conveniently Located in Princeton, New Jersey and Fort Lauderdale, Florida
Verni Tax Law is conveniently located in Princeton, New Jersey, in close proximity to both New York City and Philadelphia. In addition, Verni Tax Law also maintains an office in Fort Lauderdale, Florida.
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