Teeple Hall, LLP is actively engaged with legal, finance, and business professionals and firms on a variety of local and international issues affecting our clients. As part of our dedication to our practice, we encourage our team to participate in speaking engagements, various civic and charitable organizations, as well as publications and scholarly articles. In addition, the Firm is a strong supporter of continuing education courses and we are pleased to sponsor leading courses throughout the year. Stay informed of the Firm’s events and activities as we keep our Clients updated with important developments in business and the law.
U.S. Department of Justice for the Southern District of New York filed a criminal information charging Swiss Life Holdings AG and three subsidiaries
Today, the U.S. Department of Justice for the Southern District of New York filed a criminal information charging Swiss Life Holdings AG and three subsidiaries (together, “Swiss Life Entities”) with conspiring to commit tax evasion for U.S. taxpayers through the use of illicit life insurance policies. The DOJ also announced that they entered into a Deferred Prosecution Agreement (a “DPA”) with Swiss Life Entities by which they agreed to accept responsibility for their criminal conduct. The DOJ’s actions today represent yet another step in the DOJ and U.S. Treasury Department’s campaign to expose and prosecute those who are involved in the setup and use of foreign financial accounts, products and structures that assist U.S. taxpayers to circumvent and evade their U.S. tax obligations.
Read the full DOJ Press Release here.
Starting in the early 2000’s and rapidly expanding during the period 2005 – 2007, the IRS, Treasury Department, and the Department of Justice greatly expanded their enforcement actions on the U.S reporting obligations for U.S. Persons with interests in foreign trusts, entities and financial accounts. These expanded enforcement activities against perceived and actual tax evasion, reporting and compliance evasion, and non-compliance, resulted in a number of initiatives and programs by the IRS to press for compliance while providing an opportunity to bring recalcitrant U.S taxpayers into compliance. Though the IRS OVDI and OVDP programs of the 2007 – 2018 reporting era have ended, a number of voluntary disclosure options remain. However, a key element of any voluntary disclosure is that it is done voluntarily, before (i) any disclosure of a name or account has occurred or (ii) existence of any audit or investigation.
If you have questions or concerns regarding U.S. compliance and tax matters for your foreign financial accounts, assets or structure, please contact our office to discuss your matter in a confidential and privileged manner.
Teeple Hall, LLP is pleased to announce that Spencer T. Higgins, JD, LLM has been appointed the Publications Co-Chair for the California Lawyers Association, Taxation Section, Corporate and Passthrough Entities Committee. The Corporate and Passthrough Entities Committee focuses on issues faced by corporate and passthrough entity taxpayers and provides opportunities for practitioners and corporate tax counsel to maintain a level of expertise in the field of corporate and passthrough entity tax law, expand their professional contacts, and serve the profession, the public and the legal system.
Teeple Hall, LLP is pleased to announce their co-sponsorship of the twenty-third annual American Law Institute Continuing Legal Education Webinar on International Trust and Estate Planning 2020 to be held December 9 – 10, 2020. Join this comprehensive annual program for the latest information and high-level guidance on taxation, trusts, and estate planning for U.S. and international estate planning clients.
Teeple Hall, LLP is pleased to announce their co-sponsorship of the twenty-second annual American Law Institute Continuing Legal Education conference on International Trust and Estate Planning 2019 to be held November 14 – 15, 2019 in Washington, DC. This annual event is the premier course offering the high-level information and strategies necessary to effectively advise both U.S. and international trust estate planning clients.
Teeple Hall, LLP is pleased to announce their sponsorship of this one-of-a-kind program by the American Law Institute Continuing Legal Education conference on Estate Planning for the Family Business Owner 2019 to be held October 24–25, 2019 in Phoenix, Arizona. This comprehensive program on estate planning for family business owners is designed for estate lawyers, accountants, those who advise privately-owned businesses, and those who own private businesses.
Teeple Hall, LLP is pleased to announce that Spencer T. Higgins, JD, LLM has joined the firm as an Associate Attorney, effective November 6, 2017. Spencer’s prior work experience has taken him from The White House to PWC San Francisco where he most recently worked as a Senior Associate in the firm’s international Mergers and Acquisitions Group. He will be working with the Firm’s Corporate Practice with a focus on Tax and will also support the Private Client Group working primarily with international HNW families and family offices.