Sommers Robert L

Understanding Form 3520: Reporting Foreign Gifts Little-known Form 3520 is required for reporting gifts or inheritances received from one or more foreign individuals totaling $100, 000 or more during the calendar year. Attorney Robert L. Sommers is based in San Francisco and is a Certified Tax Specialist, California Board of Legal Specialization, State Bar of California. He has represented hundreds of U.S. and foreign individuals and small companies on a variety of U.S. and f...oreign tax, business, and estate planning matters. A major portion of his practices involves foreign tax issues and obligations, including unreported foreign income, assets, gifts/inheritances and accounts. Bob explains the requirements and severe penalties if Form 3520 is not timely and accurately filed. This is the first in a series of Boomer Bob’s Tax Cafe and Coffee Bar videos, providing tax news you can use. https://www.youtube.com/watch?v=iazDBLdlmrQ&t=1s

What’s Hiding in Trump’s Tax Returns and Where to Find It Donald Trump refuses to release his tax returns, concerned that tax attorneys like me will scour it for hidden gems, such as what percentage of his income comes from foreign sources and how much does he really earn? Speculation abounds that Trump’s worth is only a fraction of what he claims, and that his projects are financed in large part by foreign countries (Chinese banks) and corrupt Russian and Ukrainian officials... and oligarchs. Read entire article: bit.ly/Trump-Tax-Returns #TrumpTaxes #Trump #TrumpTaxReturn #DonaldTrump

PANAMA PAPERS At the Center of the Storm Mossack Fonseca The Panama Papers leak involves the international law firm Mossack Fonseca (MF) headquartered in Panama, a notorious tax haven country. MF has offices in the U.S. (Nevada and Wyoming) and throughout the planet, conducting business with hundreds of international banks, often spinning an intricate and undetectable web of anonymous companies used to launder dirty money...... Read entire article: bit.ly/Panama-Papers-leak #TaxShelters #TaxScams #PanamaPapers

Pragmatic Asset Protection is a practical guide for individuals seeking to protect their assets from creditors: bit.ly/PAP-TaxGuide Independent Contractor vs. Employee Quagmire is a practical guide for companies and workers engaging in independent contractor relationships, as well as their tax professionals: bit.ly/ICEQ-TaxGuide These Action Guides are the product of the Robert L. Sommers’ extensive experience in representing taxpayers before the IRS and California's Employm...ent Development Department (EDD), including his work for the U.S. government as an expert witness on asset protection. #taxlaw #taxattorney #taxspecialist #assetprotection