01. International Tax

We provide tailored solutions to complex global businesses doing business in the U.S. Small or multinational, we guide clients through the maze of complex U.S. international tax rules.

02. Offshore Tax Compliance

We assist clients with specialized counsel to fix noncompliance with international tax reporting and penalties. FBAR, forms 8938, 8621, 3520, 926, 5471 and 5472 are among the most common forms that we solve through compliance programs such as streamlined procedures, Voluntary Disclosure Program or the Delinquent International Information Return Submission Procedures (DIIR).

03. Small Business Tax Planning

We assist small and medium businesses with efficient tax structuring to improve efficiencies. Proper tax election, s-corp elections and partnership planning are some of the main solutions offered.

04. Controversy Tax

We guide and represent clients before the IRS including examinations and appeals, as well as represent clients in Tax Court or Federal Courts.

05. Tax Debt Resolution

We help clients to face harsh collection activities, including liens, levies and obtaining a collection alternative such as an offer in compromise, installment payment plans, among others.

06. IRS Criminal Investigations

Our Firm provides representation before IRS Criminal Investigation Division, including Malta Pension Plans and summons.

07. High Net Worth & Family Offices

Assistance with estate planning for select clients and those with cross-border operations, planning for inheritance taxes, and gift taxes in the USA.

08. Start-Ups & Business Tax

No matter how small the idea, we assist clients with the best tax planning and alternatives for their business.

09. Crypto Tax

Our Firm provides tax planning and tax advice on crypto assets and crypto events, including mining, forks, rewards, and disposition/exchange of crypto.

10. BOI Report- Corporate Transparency Act

We assist business owners, CPA and tax preparation firms to file the Beneficial Ownership Information (BOI) report with the FinCEN.

🚨🚨How to Claim a Dependent Already Claimed? New IRS Guidelines🚨🚨

Tax Deductions

08.20.2025

On November 21, 2024 the Internal Revenue Service (IRS) introduced updated guidance for handling duplicate dependent claims on tax returns, effective for the 2025 filing season. These changes are particularly relevant for taxpayers claiming dependents already listed on another return. By using an Identity Protection Personal Identification Number (IP PIN), taxpayers can now e-file duplicate dependent claims, streamlining the process and reducing delays. This article provides a detailed analysis of these guidelines and their implications for taxpayers and professionals.

The Problem with Duplicate Dependent Claims

When two taxpayers claim the same dependent (e.g., divorced parents), the IRS rejects the second electronically filed return. Previously, taxpayers had to resort to paper filing, delaying processing and potential refunds.

New IRS Guidelines and IP PINs

Starting in 2025, taxpayers can include an IP PIN on their electronically filed return to address duplicate dependent claims. The IP PIN, a six-digit code issued annually, verifies the identity of the primary taxpayer and allows acceptance of returns previously subject to rejection.

Scenario: Filing with Duplicate Dependent Claims

    • Without an IP PIN: If a taxpayer files a return claiming a dependent already listed on another return, the IRS will reject the e-filed submission. To proceed, the taxpayer must file a paper return, significantly delaying processing.
    • With an IP PIN: The taxpayer enters the IP PIN on the return. Despite the dependent being claimed on another return, the IRS accepts the e-filed submission, accelerating refund issuance.

Important Note: For prior tax years (e.g., 2022 or 2023), duplicate dependent returns must still be filed by mail, as the IP PIN option only applies to the current filing year (2025).

Filing Scenarios Across Multiple Years

    1. Tax Year 2022 and 2023: Duplicate dependent claims must be filed on paper. Taxpayers should include appropriate supporting documentation to justify the claim.
    2. Tax Year 2024: The same rule as above applies, though taxpayers can proactively obtain an IP PIN to ease future filings.
    3. Tax Year 2025 and Beyond: Duplicate dependent claims can be electronically filed if the primary taxpayer includes an IP PIN. This change simplifies processes and reduces delays.

How to Obtain an IP PIN

                  •               Log in to your IRS Online Account and complete identity verification.

                  •               Once verified, request the IP PIN under the profile tab.

                  •               Use the IP PIN for all returns filed for the current year.

Relevance for Taxpayers and Professionals

Timeliness and Accuracy

Taxpayers must obtain their IP PIN before filing season. The IP PIN system closes for maintenance in November 23, 2024, reopening in early January. Early preparation is crucial to prevent delays.

Relevance for Tax Professionals

Tax professionals should guide clients in obtaining IP PINs and educate them on the benefits. For clients filing duplicate dependent returns, this proactive step reduces processing time and potential IRS disputes.