Clients appreciate the multi-disciplinary approach provided by Freeman Tax Law to address both representation and accounting needs.
Freeman Tax Law is a boutique law firm that helps clients to navigate the ever-changing landscape of tax law in the United States. One of the most significant changes in the past few years is the implementation of the Foreign Accounts Tax Compliance Act. This law requires overseas financial institutions to provide more transparent records regarding accounts and account holders with U.S. ties. Penalties for non-compliance can result in steep fines for individuals and a 30% sanction on foreign banking institutions for all funds transfers originating from the United States. Because of these new laws, many U.S. citizens who live or bank overseas are searching for a reliable law firm to assist them in complying with all the new FATCA disclosure and reporting requirements.
Legal and Accounting Expertise
The firm has a cpa directly in house to prepare and file tax documents, disclosure letters, and more. An entire team of legal and financial professionals are assigned to each client to ensure every aspect of their tax compliance process is properly executed. This unique process is a result of the diverse experience of Jeffrey S. Freeman, J.D., L.L.M. Mr. Freeman has substantial experience working with an accounting firm and also with international tax compliance. Consequently, he found it was more effective to offer tax accounting services in addition to legal representation.
Few things are more important to the success of your estate plan than the attorney you choose to design and draft it. Almost as important is the relationship that is formed between that attorney and other professional advisors who serve you in the areas of financial advice and accounting.
All successful estate planning is the result of several professions working together for the good of the client. However, professionals of one group sometimes have misconceptions of professionals belonging to other groups. For example, the financial advisor may see the estate planning attorney as little more than a document scrivener. But this is far from the truth.
Many attorneys who limit their practice to estate planning are values-based, relationship-driven, client-centered and counseling-oriented. And the good ones are willing to work together with other professionals on your behalf. They understand that thorough estate planning involves more than just legal advice. ]
So where do you find these rare creatures? How do you know if you’re dealing with the right kind of attorney? The right kind of attorney will have an orientation toward relationship-building and counseling rather than mere document preparation. The first thing he or she will offer is the ability to listen carefully to not only your goals – but also your hopes, dreams, and aspirations for yourself and your loved ones.
The attorney will carry on a sensitive dialogue that will enable you to make clear your wishes to maintain control over your affairs, to be cared for properly in the event of a disability and to provide meaningfully for your loved ones after you are gone.
“Our multidisciplinary approach has proven to be the most effective way to manage each case,” shares Jeffrey S. Freeman, J.D., L.L.M. “It can be very difficult to find competent accountants who understand how to prepare the international tax forms correctly, so we decided to create an in-house team of expert CPAs who we can trust to do exceptional work.”
At Freeman Tax Law, each client is assigned a team of professions which may include an attorney, a CPA, and a Project Manager. Each project manager ensures the team works collaboratively and has the legal and financial expertise to oversee both aspects. The firm also employs innovative client portal technology for more efficient organization and communication. This way, the firm is able to represent the client before the IRS and also has CPAs on staff to prepare and file amended tax returns, prepare and file FBAR Forms (Fincen Form 114), and draft the disclosure letter and other necessary documents.
About Freeman Tax Law
Freeman Tax Law (FTL) is a boutique law firm consisting of a multi-disciplinary team of tax professionals including tax attorneys, CPAs and a professional staff that have vast experience with foreign tax compliance and regulatory matters for financial institutions. FTL consults with both FFIs and USFIs with regard to Foreign Account Tax Compliance Act (FATCA) and related regulatory matters and assists them developing procedures on how to comply with these laws. FTL provides a multidisciplinary approach for filing offshore voluntary disclosures. Working to help clients prevent future tax headaches we offer a complete wealth management and estate planning team. As an experienced firm with wide reach, Freeman Tax Law provides immediate assistance to our clients planning for and resolving all tax related challenges.
Freeman Tax Law