SOURCE: Marks Paneth & Shron LLP

Marks Paneth & Shron LLP

October 14, 2009 11:06 ET

Marks Paneth & Shron Litigation Director Publishes Article on Approaches to Disclosure of Offshore Holdings

NEW YORK, NY--(Marketwire - October 14, 2009) - David Gannaway, director in Marks Paneth & Shron's Litigation and Corporate Financial Advisory Services Group, has published an article in the September 2009 issue of Financial Fraud Law Report, advising both taxpayers and their professional counsel on best approaches to disclosing their offshore holdings.

In the face of an ongoing revenue drive by the U.S. government and overseas banks now revealing the names of U.S. account holders, it is critical that U.S. taxpayers get smart guidance on disclosing their offshore holdings to the IRS.

In the article, Mr. Gannaway:

  • Discusses how professionals can take the lead in guiding their clients toward legitimate tax minimization and away from fraud.


  • Provides guidelines for taxpayers on identifying the best advisors for the challenging disclosure process.

The full text of the article can be found at: http://www.markspaneth.com/Publications_Detail.php?ID=570&Hash=bc871479e622 2788f90197f3d77cbaf2c18a1958.

To speak with David Gannaway or another member of the MP&S Foreign Disclosure team, please contact Adria Greenberg at 212.255.8386 or via email at adria@sommerfield.com.

About MP&S

New York City-based accounting firm Marks Paneth & Shron LLP (MP&S), has a team dedicated to offering services for U.S. taxpayers disclosing foreign accounts at UBS AG and other foreign banks. The firm has extensive experience in working with high-net-worth individuals and international tax issues, as well as in forensic accounting, litigation support, and negotiating with government agencies. For more information please visit http://www.markspaneth.com/.

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