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23 TheSouthShoreMagazine.com in Florida for part of the year, and also own property in one or both states. Further, his Florida license also allows Hoiberg to assist with the administration of trusts and estates in Florida. If you have been chosen to serve as a fiduciary of an Estate or Trust in Massachusetts and/or Florida, their team can help guide you through the entire administration process from beginning to end. McGowan | Hoiberg will provide the proper guidance to appropriately discharge your duties, so that the intended beneficiaries receive their gifts without inheriting any problems. This may include simply recording an Affidavit of No Estate Tax to release the lien that is automatically attached on every real property interest in Massachusetts owned by a decedent at death, or it may require the more involved process of preparing and filing the necessary estate tax returns. In these situations, proper compliance is key. When dealing with Estate and Trust administration issues, McGowan | Hoiberg can assist clients in dealing with Massachusetts and Florida Probate Proceedings, Trust Administration, Assisting with Ancillary probate in Massachusetts and/or Florida, Preparation of necessary federal and/or state estate tax returns, Preparation of Decedent's Final State and Federal Income Tax Returns and the Federal and State Income Tax Preparation for Estates and Trusts. If you are a beneficiary of an Estate or Trust requiring representation, or are involved with a Will contest or any other type of probate litigation, the team at McGowan | Hoiberg are well-equipped to represent you. Over their many years of practice, both McGowan and Hoiberg have also developed a strong background resolving tax matters relating to income tax and estate planning. Both attorneys received their Masters Degrees in Taxation from Boston University. McGowan started his legal career in Boston, while, after law school, Hoiberg began his career with a well-respected firm in Newton that focuses both on domestic and international tax. As such, McGowan | Hoiberg also handles domestic and international tax issues. Both will tell you that while the world has become a smaller place in terms of the ease in which people may move and hold assets across the globe, the tax issues arising from this freedom is a "very complex area of the law, fraught with significant penalties for non-compliance." You may be aware that the IRS is paying close attention to taxpayers who own foreign assets and income derived from those assets. Specifically, if you own a financial account having a value in excess of $10,000 during the tax year, you may have a filing requirement. Many taxpayers have unwittingly become subject to onerous penalties and even criminal investigation for failing to report foreign assets and income. After collecting over $8 billion in revenues from taxpayers over a series of offshore voluntary disclosure programs, the IRS has implemented a streamlined disclosure program that allows "non-willful" taxpayers to come forward at a reduced penalty. The IRS has recently announced that this more favorable streamlined process will not continue indefinitely, since taxpayers should now be aware of their filing requirements. If you find yourself in this situation, the time to come forward is now. The lawyers at the McGowan | Hoiberg can help ease you through the process if you have found yourself in this legal quagmire. Although your tax situation may not be as complex as dealing with foreign assets and income, it does not change the fact that any matters involving tax can cause a great deal of financial and emotional stress. If you receive an unpleasant notice from the IRS or Department of Revenue, McGowan | Hoiberg can help remove some of the stress and ease you through the entire examination process, with the goal of reducing your anxiety and concluding the matter as favorably and efficiently as possible. It is of the utmost importance that you have proper representation when dealing with tax controversies. Their tax controversy services include representation before the IRS and/or Massachusetts Department of Revenue, as well as obtaining hardship status, entering into an installment agreement with either taxing authority or submitting a federal offer in compromise. McGowan | Hoiberg know that the best legal counsel comes not only from knowledge and experience in the practice of law, but also understanding their clients' perspective and having the clients' best interest in mind. Their strength is offering competent legal advice that is caring and compassionate, yet objective, strategic and realistic. The client is all-important at McGowan | Hoiberg. The attorneys take pride in providing timely responses and addressing clients' needs as quickly and efficiently as possible. Both are very flexible and will do their utmost to accommodate their clients' busy schedules. The team at McGowan | Hoiberg also takes great satisfaction in handling legal matters from start to finish, while getting to know their clients in both a professional and personal level. They can guide you through any complicated tax, estate planning or probate issue, as they bring over 50 years of combined experience to the table. Unlike some larger firms, where multiple attorneys with varied experience are handling the same matter, at McGowan | Hoiberg, you know the team who will be working with you. McGowan, Hoiberg and Seaholm are available to provide premier legal services to you right here on the South Shore. You may contact the McGowan | Hoiberg Law Group, P.A., located at the Cornerstone Building, 800 Hingham Street, Suite 200 South in Rockland, by phone at 781.878.1166, or via email at hello@mhlawgroup.com.