Fran Obeid is the founder of MFO LAW, P.C. She defends individual and corporate clients in civil and criminal matters involving the Internal Revenue Service, state and city tax agencies, the United States Attorney’s Office, the District Attorney’s Office, the New York State Attorney General as well as other government agencies.
Ms. Obeid litigates in federal and state courts on behalf of individuals and corporate entities. She represents numerous clients residing throughout the world with undisclosed offshore accounts. She advises the clients on disclosure and compliance alternatives and guides them through the process. She represents clients in residency audits and advises on residency issues so clients may take steps to prevent such audits.
Ms. Obeid represents non-filers; alleged responsible persons and has successfully obtained significant abatements of penalties. Ms. Obeid has represented individual witnesses and accounting firms before the U.S. Attorney’s Office, the Criminal Investigation unit of the IRS as well as before the New York State Attorney General.
She regularly interacts with revenue agents, IRS Appeals officers, criminal investigators and agents, Assistant United States Attorneys and Assistant Attorney Generals, taking the right approach to best meet the client’s needs, whether it be defending a criminal investigation or indictment, civil examination or subpoena demand.
CardozoSchool of Law, J.D.
University of Michigan, Bachelors of Arts
New York University School of Law, L.L.M. Taxation
Admitted to Practice
United States Supreme Court
United States Court of Appeals for the Second Circuit
United States Tax Court
New YorkState Courts
Southern District of New York
Eastern District of New York
Chair, Personal Income Tax Committee, New York City Bar
Member, American Bar Association, Tax Section
Master, Federal Bar Council Inn of Court
Presentations and Publications
Speaker: What’s New in the Government’s Enforcement of Undisclosed Offshore Accounts and Updates to the Procedures that Can Help Your Client (June 9, 2016, midtown accounting firm-CPE credit)
Panelist: Endless War: The Status of the IRS/DOJ Campaign Against Foreign Assets and Accounts (May 7, 2016, ABA Tax Section, Washington, D.C.)
Moderator: How Wynne Affects Personal Income Tax Filings (Sept. 24, 2015, New York City Bar)
Moderator: FATCA Issues Now and in the Near Future (January 20, 2015, New York City Bar)
Quoted: More Taxpayers are Abandoning the U.S.- Year’s Tally for Expatriations Sets Record; Increase Comes Amid Tax Crackdown on Offshore Assets (Wall Street Journal Nov. 13, 2013)
Interviewed: U.S. Taxpayers Renouncing Their Citizenship (Willis Report, Fox Business December, 2013)
Author: The Year of Enforcement Action Against Offshore Bank Accounts (LexisNexis October 6, 2009)
Co-Author: Out with the Old and in with the New? Plea Bargaining, DOJ and the Ex Post Facto Clause (19th Annual National Seminar on the Federal Sentencing Guidelines May 2010)
Co-Author: Foreign Bank Secrecy Laws: Making Amends with the IRS (New York Law Journal Sept. 3, 2008)
Co-Author: For Whom the Bell Tolls: How the IRS Picks Audit Targets (New York Law Journal April 11, 2008)