Seiden Law Group, PC recently represented a client who admitted in a proffer to Internal Revenue Agents that he had under reported his income on his tax returns. Not only did we successfully avoid a criminal prosecution, we settled his tax liability for a fraction of his potential liability. We also had the Internal Revenue Service waive the 70% penalty and agree to a 72 month installment payment plan to pay it off.
Seiden Law Group, PC had a client that because of his bad credit history, was barred by a new lender that was going to refinance the property from continuing to participate as a partner in an existing real estate partnership. Withdrawing from the partnership would have caused him an enormous tax for which he did not have the resources to pay. The client was told by his previous attorney that his only alternative was to file a personal bankruptcy before he withdrew from the partnership, and thereby avoid the tax liability. We restructured the partnership and used a little known section of the tax law which allowed him to be only treated as a partner for tax purposes, and thereby avoid a personal bankruptcy.
Seiden Law Group, PC had a client that was charged with a Federal Drug brokering violation. Even though our client was shown on a videotape as being present during the transaction, we were successful in securing a “not guilty” verdict from a jury by using an entrapment defense.
Seiden Law Group, PC had a client that had recently purchased in a golf course. The client had the immediate opportunity to contingently sell a portion of the property for a significant profit. We structured the transaction in a way that when the sale is consummated it will be a long term capital gain instead of a more costly short term capital gain.
Seiden Law Group, PC had a client that was charged with the sale of synthetic marijuana. We successfully negotiated a dismissal of the case when we established that the substance was not known to be illegal at the time of sale.
Seiden Law Group, PC had a client that was charged with numerous counts of mail fraud and bank fraud, when involved in kiting of over $32,000,000 in checks. He was also threatened with being charged with fraud upon the Federal Government and Federal banks through the illegal redemption of $500,000 of U.S. Treasury Bonds. We successfully negotiated his sentence down to less than three (3) years (actual time) from the sentencing guidelines that would have produced a sentence of over ten (10) years.