Patel Law Offices’ goal is to achieve our clients’ objectives in the most creative, responsive, and cost-effective manner.
Our International Tax Attorney team represents clients nationwide and globally in IRS offshore and voluntary disclosure solutions. We have counseled clients in over 1000 voluntary disclosure matters and are one of the most experienced IRS offshore and voluntary disclosure law firms.
Each case is led by Mr. Patel, who is a Board Certified Tax Law Lawyer. Our International Tax Attorney team concentrates in IRS offshore and voluntary disclosure solutions for undisclosed accounts, assets and investments including Streamlined Domestic Offshore Procedures (SDOP), Streamlined Foreign Offshore Procedures (SFOP), Voluntary Disclosure Practice (VDP), Delinquent International Information Return Submission Procedure (DIIRSP), Delinquent FBAR
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Parag Patel, Esq.
Mr. Patel’s expertise is in all stages of tax controversies including international tax
law, foreign bank account
Mr. Patel is a graduate of Georgetown (J.D.) and New York University (LL.M tax) law schools, which are the top 2 tax law schools in the United States. Mr. Patel is a Board Certified Tax Law Attorney, Board Certified Estate Planning Law Specialist, Board Certified Elder Law Attorney, and frequent speaker on legal issues affecting tax, offshore tax planning, and estate planning.
Mr. Patel is a New Jersey Super Lawyer by New Jersey Magazine for tax and estate planning. Mr. Patel has also received an AV rating from the Martindale-Hubbell Peer Review Rating System, which is the highest professional rating possible among lawyers. Mr. Patel is the Chairman of the Tax Law Committee of American Bar Association’s GP Solo and Small Firm Division. Mr. Patel is a member of the New Jersey State, New York State, Florida, and American Bar Associations. Mr. Patel has offices in New Jersey, New York, and Florida.
Mr. Patel also serves as Municipal Court Judge for Westfield Township and Edison Township Municipal Courts, with jurisdiction of vehicular violations, temporary restraining orders, criminal and ordinance offenses.
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Domestic Offshore Procedures is one of the two popular programs available
under the IRS
Streamlined Filing Compliance Procedures. It is for U.S. Resident Taxpayers
who originally filed income tax returns, but were non-willful
in not reporting foreign accoun
Foreign Offshore Procedures is one of the two popular programs available
under the IRS
Streamlined Filing Compliance Procedures. Applicants need not have
filed original tax returns, but they must be non-willful
in not reporting foreign accoun
The DIIRSP is one of the four methods for taxpayers with unreported offshore accounts to become compliant. Taxpayers who have failed to file certain international-related information returns including Forms 5471, 8938, 3520, 8865, 926, 5472, an 8858 can use the DIIRSP to cure the non-compliance. No penalties are applied if there is reasonable cause for the failure to file the information form and the IRS agrees. Reasonable Cause is a fact specific submission, which is based on each applicant's facts and circumstances.
Submission Procedure (DFSP)
8 Penaltie s
A delinquent or late Form
8938 Statement of Foreign Financial Assets is subject to many common
mistakes and high penalties.
Our legal team cures many common Form 893
U.S. owners and investors of certain foreign corporations must
file a Form 547
Malta Pension Plans have been criminally and civilly investigated by the IRS and are on the IRS "dirty dozen" list. Recently in late 2021, the United States and Malta entered an agreement regarding Malta pension rollovers. We have assisted dozens of taxpayers with compliance and solutions with Malta Pension Plan problems.
We have experience with all types of foreign corporation solutions, including Form 547
Tax Law Services
We are an experienced tax law firm serving clients nationwide. We assist clients in all types of tax matters including: Tax audit representation, Tax appeals, Offshore Voluntary Disclosure Program (OVDP), Streamline Domestic Offshore Procedure (SDOP), Streamline Foreign Offshore Program (SFOP), Delinquent FBAR
We have significant experience with estate planning. An “estate plan,” generally, refers to the means by which your estate is passed on to your loved ones on your death. Estate planning can be accomplished through a variety of methods, including: Revocable Living Trusts, Last Will and Testament / Probate, Lifetime Gifting, Joint Ownership, Beneficiary Designations and Life Estates. We offer a wealth of free information in our website as well as our New Jersey Estate Tax Blog.
Patel Law Offices
60 Walnut Avenue, Suite 202
Clark, New Jersey 07066
Our Florida office is strategically located in Ft. Lauderdale in Broward County, Florida, where we meet clients by appointment only.
We assist many of our clients to re-domicile themselves in Florida, which is one of the lowest tax states in the United States. We help clients with Florida Probate Administration and Florida Estate Settlement. The firm helps with advice regarding Florida probate avoidance, will and trust preparation, and estate planning.