If you have more than $10,000 in offshore bank accounts, failure to follow the declaration process can put you in the crosshairs of the IRS.
What does this mean for you?
If the IRS thinks you owe money or have undeclared offshore financial assets, that means the possibility of wage garnishments, bank levees, seized assets and even prison time.
Is it really that harsh? Yes.
When taxpayers do not abide by the Offshore Voluntary Disclosure Program, the IRS will take 50 percent of the value of the account, assess penalties, and possibly file criminal charges.
How can you avoid this fate?
It is crucial to have an experienced tax defense advocate on your side. People across the nation have relied upon the tax defense lawyers of Silver Tax Group to protect their interests and you can benefit from our services, too.
Our firm has the means to deal with the complex processes and procedures of:
We combine the strong representation you need against the IRS with the one-on-one service you need during a difficult time in your life. You can rely on our experienced tax attorneys to answer your questions every step of the way and provide the peace of mind that comes with knowing you have a proven advocate on your side.
WHEN YOU HIRE US, WE CAN HELP YOU:
Offshore account information requires proper reporting. It is also important to remember that federal laws and regulations pertaining to offshore account reporting are extremely complex. When you have questions regarding reporting requirements, it is important to not make assumptions. It often takes experienced legal representation to find the correct answers to your inquiries.
As there has been a great amount of confusion regarding offshore filing requirements, it is important to not file returns based upon incorrect assumptions. While the filing requirements are extremely complex, this does not mean the IRS will be forgiving if information submitted is incomplete or incorrect.
Contact us today for a free case evaluation. Issues over foreign bank accounts, taxes and offshore assets do not have to ruin your life.
No matter where you are in the process, we can help you make the best of your situation.
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