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Steven Sears Attorney and CPA

BY Steven Sears | 11-26-2009 | 2:03 PM
This blog is written by a member of our blogging community and expresses that member's views alone.
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Steven Sears Attorney And CPA Tax Plannig :
It is estimated that more than two-thirds of the world's wealth resides
in offshore accounts. Offshore banks or banks in certain international
jurisdictions, unlike U.S. banks, have very strong criminal laws
concerning secrecy. In these international banks, if an employee gives
out confidential information on an account, that employee and the bank
can be held criminally liable.

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Individuals, married couples, and business entities, such as corporations and partnerships may file an Offer in Compromise.

Many types of taxes such as personal income taxes, corporate income
taxes, estate taxes, and payroll taxes may be compromised. The
Franchise Tax Board also has a similar program for state taxes. You may
negotiate not only the tax but also the penalties and interest.

Contact Steven Sears Attorney And CPA
This technique is effective, because in the event of a lawsuit and a
judgement, your creditors generally will not be able to reach inside
the partnership and seize any of these assets. Under California law,
and the law of most other states, a creditor has no right to execute or
levy on partnership assets with a judgement against one of the
partners. This provision is contained in the California Revised Uniform
Limited Partnership Act which has been the law since 1949.

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Durable Power of Attorney

A Durable Power of Attorney is a document designating an
individual, which can be a family member or friend, to manage your
assets or your healthcare needs in your absence. Should you become
incapacitated then the individual you have chosen would automatically
be able to manage your assets until such time as you were able to do
this yourself once again.

Set up an offshore account in a Corporation name- that will
hold title of the account. You have complete control through signature
control. You can have control to trade and pull funds. You want to also
designate your payments to an offshore officer. The tax consequences
are neutral and you can pay taxes as you go, prepare proper structures
and make safe legal decisions for asset protection. There are many ways
to access funds from offshore accounts.

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