LAW OFFICE OF SIU LIANG LI

Tax Return - Expatriates :  If I am a U.S. Citizen or green card holder and live in foreign country (i.e. Hong Kong, South Korea), do I need to file U.S. tax returns?

 

In general, YES!  If you are a U.S. citizen or resident alien, the rules for filing income, estate and gift tax returns and paying estimated tax are generally the same whether you are in the United Staes or abroad.  Your worldwide income is subject to U.S. income tax, regardless of where you reside.  For more details, please

 

 

 

Tax Return - Expatriates :  If I have been living abroad and have not filed any U.S. tax returns, what should I do?

 

Don't panic!  A program introduced by the IRS may provide a relief to you if you present a low compliance risk.  Please                   immediately to see if you qualify.

 

 

Offer in Compromise :  Am I eligible for Offer in Compromise?

 

You are eligible if you are current with all filing and payment requirements and not in an open bankruptcy proceeding. For more details, please

 

 

 

Offshore Voluntary Disclosure :  Should I make a voluntary disclosure?

 

If you have undisclosed foreign accounts or entities, you should make a voluntary disclosure because it enables them to become compliant, avoid substantial civil penalties and generally eliminate the risk of criminal prosecution.  Making a voluntary disclosure also provides the opportunity to calculate, with a reasonable degree of certainty, the total cost of resolving all offshore tax issue.  For more details, please

 

Collection: What if I cannot pay the tax due in full?

 

If you are unable to immediately pay your balance in full, you may request an installment agreement.  If you cannot full pay under an installment agreement, you may propose an Offer in Compromise.

today for details.

 

 

Civil Tax Litigation: Who can file a petition with the Tax Court?

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In general, anyone can file a petiton who has received a notice of deficiency or a notice of determination.  For more information,

 

 

 

Civil Tax Litigation: Can I represent myself before the Tax Court?

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You may present your case to a Judge without being represented. However, you must pay close attention to all the Tax Court orders and notices you receive and all the instructions provided. You are still required to abide by the Tax Court Rules of Practice and Procedure. If you have difficulty reading, writing, or undertanding written instructions, you should seek professional help.

 

 

Tax Appeals: When should I file an appeals?

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You can file an appeals if you received a letter from the IRS explaining your right to appeal the IRS's decision, you do not agree with the IRS's decision and you are not signing an agreement form sent to you. Appeals is not for you if your only concern is that you cannot afford to pay the amount you owe.

 

 

Tax Appeals: How to request an appeals?

 

You may request an appeals conference by filing a written protest.  You may represent yourself, or have a professeional represent you.

 

 

 

Tax Audits: What is an IRS audit?

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An IRS audit is a review/examination of an organization's or individual's accounts and financial information to ensure information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate.

 

 

Tax Audits: What are my rights during an IRS audit?

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You have the rights to professional and courteous treatment by IRS employees, to privacy and confidentiality about tax matters, to know why the IRS is asking for information, how the IRS will use it and what will happen if the requested information is not provided, to appeal disagreement or disagreement with the findings, and to representation, by oneself or an authorized representative