The Ferraro Law Firm
Washington D.C. — Miami, Florida
Tech companies, like those based in California's Silicon Valley, Northern Virginia's Dulles Technology Corridor, New York's Silicon Alley, and the suburbs of Seattle, do business in a marketplace where competition is tough for not only market share and profit, but for recruiting talent as well. While this competitive environment has produced a number of great innovations in recent years, it has also contributed to a sharp rise in the number of high tech companies caught playing fast and loose with securities and tax laws.
Whether you work in the tax or accounting department of a Bay Area software developer or as a banker in the Cayman Islands, if you have information about high tech companies and large-scale underpayments of U.S. tax, you could be eligible to receive up to 30 percent of the taxes, interest, and penalties the IRS is able to recover.
Learn how we can help. Contact The Ferraro Law Firm today.
At The Ferraro Law Firm, our attorneys assist individuals here in the U.S. and from across the globe in bringing information concerning tax underpayments and high tech companies to the IRS.
The IRS' new tax whistleblower statute applies equally to both simple mistakes and to deliberate fraud or wrongdoing.
In an effort to keep themselves ahead of the competition by lowering their effective tax rates and boosting earnings, tax and accounting departments of high tech companies have become very aggressive with their tax, accounting, and financial practices in general, including the uncertain tax positions they adopt.
The complexity of these schemes, combined with the fact that new wrinkles and new ways of avoiding taxes seem to show up every day, means that getting the IRS moving on an investigation resulting from a tax whistleblower claim is unlikely to happen unless you and your lawyer are able to present your information in a clear and compelling way that the IRS can understand.
Our attorneys have the background, experience, and proven ability to do this. Firm founder, attorney James Ferraro is also a certified public accountant who was one of ten finalists for the National Trial Lawyer of the Year award in 1997. Tax lawyers, Scott Knott and Greg Lynam, also bring years of experience working on tax issues that affect the technology industry. As such, they understand how tech companies abuse stock options, violate transfer-pricing laws, and skirt other legal requirements in order to shield profits and avoid paying U.S. tax. This background has also schooled them in the art of dealing with the IRS.
Do you need a lawyer in order to receive an award?
The technical answer is no. With that in mind, however, ask yourself what benefits hiring an attorney will have. As noted above, there is an art to dealing with the IRS and persuading them to pursue the information you provide. Providing valuable and usable information to the IRS involves more than just putting together a stack of paper and shipping it off to an IRS Service Center. You have to know how to present the information in the most convincing way and to whom. Protecting your identity is also another benefit to hiring counsel. Our firm can act as your representative with the IRS and take measures to minimize the risk that you could be exposed.
Lastly, your information may be just the tip of the proverbial iceberg. Our lawyers know what to look for in the tax and financial documents of high-tech companies and may be able to maximize your award by uncovering other tax underpayments of which you may not be aware.
Confidential Consultations, Nationwide Practice — 1-800-275-3332
To discuss a potential claim and explore the possibility of stepping forward with information, call or contact our offices in Washington D.C. or the Miami, Florida, area for a discrete and confidential consultation.
Se Habla Español — Si Parla Italiano
