s
i i
i


• IRS Tax Audits

The IRS is greatly expanding civil and criminal tax audits. The tax gap currently
stands at more than $345 billion, with $285 billion created by taxpayers’ underreported income.

Memorandums re: IRS Tax Audits and Unreported Income

• International Asset Protection

Why? "An Ounce of Prevention is Worth a Pound of Care" - Benjamin Franklin

Consider: In the U.S., over 82,000 lawsuits are filed daily; 30 million yearly.
In California, 2 million lawsuits are filed yearly.

International Asset Protection - US Investments
International Asset Protection - International Life Insurance

• International Litigation


• Real Estate

Recent collapse in California Real Estate includes tax consequences and asset protection. 4/16/2008 Dailynews.com article states:

"Price declines ranged from 18.5 percent in Los Angeles County to 28.2 percent in San Bernardino County, said La Jolla-based DataQuick Information Systems, and indicate that the housing slump is deepening.
For the entire six-county region, the median price tumbled 23.8 percent, also a record, to $385,000. That's $120,000 in equity lost over the past 12 months and the lowest price since April 2004."

 


DISCLAIMER

9100 Wilshire Blvd, Suite 530 East, Beverly Hills, CA, 90212 Tel: 310-274-3116 Fax: 310-274-3118 E-mail: gsw@gswlaw.com
 

©2008 gswlaw.com