On June 18, 2014, Kenneth Ahl, Esq., a Partner in Archer P.C.’s Philadelphia office, gave a presentation in Istanbul before the Oxford Club on the topic of The Foreign Account Tax Compliance Act (FATCA).
The Oxford Club is an independent financial organization with members in more than 100 different countries and affiliated clubhouses around the world. Founded in 1989, The Oxford Club provides top-rated investment research and has a long tradition of providing members with unique opportunities for market-beating returns, as well as strategies for achieving and preserving long-lasting wealth. Mr. Ahl’s presentation was part of the Club’s “June 2014 Financial Discovery Tour” in Greece and Turkey.
Mr. Ahl’s seminar, titled “Gotcha! The IRS Hunt for Unreported Foreign Income”, highlighted the steps IRS has taken since 2008 to encourage compliance with IRS reporting rules and how it has gone after advisors and institutions that were helping US citizens and residents evade tax. The discussion also described the reach of FATCA and the implications it has for Americans living abroad and for those taxpayers who have not complied with US reporting requirements.
Ken’s expertise on the subject was sought out and featured in the latest Oxford Club Newsletter in an article “International Taxation: The Rules Have Changed, and What You Don’t Know… Can Hurt You”.
Mr. Ahl’s concentrates his practice in the area of taxation, business and individual tax planning, estate planning, trust and estate administration and tax litigation. He practices before the Internal Revenue Service representing clients in a variety of matters, including audits, refund claims, ruling requests, collection matters and tax litigation. Ken provides sophisticated tax and business planning for clients with international and dual taxation issues. He advises taxpayers on offshore voluntary disclosure filings and the preparation of Foreign Bank and Financial Reports (FBARs).
Archer PC is a full-service regional law firm with more than 175 lawyers and eight offices in Haddonfield, Hackensack, Princeton, Flemington and Red Bank, N.J.; Philadelphia, Pa.; New York, N.Y.; and Wilmington, Del. The Firm has been serving Fortune 100 clients, small to medium-sized businesses and individuals for 85 years. Each office provides full-service litigation and transactional capabilities in nearly every area of law including corporate, estate & trust, family & matrimonial, labor & employment, litigation, medical & personal injury and real estate services. For more information, visit www.archerlaw.com.
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 Mr. Ahl highlighted the latest Offshore Voluntary Disclosure program designed to encourage taxpayers to comply with tax reporting requirements.