Attorney
Virginia Beach, Virginia, 23452
Nathan R. Olansen is a Shareholder in the law firm of Midgett Preti Olansen. His practice is focused on estate planning, probate and trust administration, IRS and state and local tax audit and tax collection cases, as well as individual and entity tax planning, asset protection, and a variety of related transactional matters such as business succession planning, business entity start-ups, and tax planning for divorce.
Nathan has extensive experience in drafting and implementing all types of basic and complex estate planning documents such as revocable trusts, irrevocable life insurance trusts (ILIT), grantor retained annuity trusts (GRAT), charitable remainder trusts (CRT), asset protection trusts, and generation-skipping transfer tax trusts. Mr. Olansen also assists clients with the administration of trusts and estates, whether through the probate process or in private trusts and often serves as the executor and/or trustee for clients seeking long-term, professional trust management.
Mr. Olansen also has extensive experience in individual, gift, estate, and trust income tax compliance and preparation (Form 1040, 1041, 706, and 709), and trust and estate fiduciary accounting preparation. A significant part of Mr. Olansen’s tax practice is dedicated to representing individuals and businesses before the IRS, state, and local taxing authorities in tax disputes, audits, appeals, and collection actions. Nathan’s tax collection practice helps clients by removing levies, garnishments, and liens, amending and correcting previous tax returns, filing delinquent tax returns, negotiating with the IRS and state governments to establish payment plans, conducting Collection Due Process Hearings (CDP), and submitting Offers in Compromise (OIC) to settle taxpayer debts that cannot be repaid.
Nathan also assists taxpayers with resolving past non-compliance with Foreign Bank Account Reporting (FBAR) and voluntary disclosure, including use of the IRS Offshore Voluntary Disclosure Program (OVDP), Streamlined Filing Compliance, Delinquent Submission Procedures, and Quiet Disclosures. In addition to being an attorney, Nathan is also a certified public accountant and served in the U.S. Marine Corps as a member of Delta Co., 4th Light Armored Reconnaissance Battalion.
