We are a a professional tax firm that specializes in all IRS tax matters and FBAR case matters.
You may contact us for a free consultation and speak directly to a Tax Lawyer that is an expert in FBAR. 1-866-700-1040.
We are fair, honest and will tell you the truth about your FBAR matter. We can take away the worry and fear from any anxiety you may be feeling. You will never have to speak to the Internal Revenue Service. Our Tax Lawyers are excellent.
Do not feel threatened by the IRS, let our years of IRS tax experience work for you.
We have over 206 years of professional tax experience and over 60 years of working directly for the IRS in the local, regional and district offices including teaching tax law at the IRS.
Voluntary Disclosure for FBAR
Two of the most asked questions are found below. Should you have any questions please call us regarding these questions or others you may have.
Why should I make a voluntary disclosure?
Taxpayers with undisclosed foreign accounts or entities should make a voluntary disclosure because it enables them to become compliant, avoid substantial civil penalties and generally eliminate the risk of criminal prosecution.
Making a voluntary disclosure also provides the opportunity to calculate, with a reasonable degree of certainty, the total cost of resolving all offshore tax issues.
Taxpayers who do not submit a voluntary disclosure run the risk of detection by the IRS and the imposition of substantial penalties, including the fraud penalty and foreign information return penalties, and an increased risk of criminal prosecution.
What is the IRS’s Voluntary Disclosure Practice?
The Voluntary Disclosure Practice is a longstanding practice of IRS Criminal Investigation of taking timely, accurate, and complete voluntary disclosures into account in deciding whether to recommend to the Department of Justice that a taxpayer be criminally prosecuted. IRS is just beginning to ramp up future enforcement and has a budget of $500 Million additional set for this year alone.
It enables non-compliant taxpayers to resolve their tax liabilities and minimize their chances of criminal prosecution.
When a taxpayer truthfully, timely, and completely complies with all provisions of the voluntary disclosure practice, the IRS will usually not recommend criminal prosecution to the Department of Justice.
Call us to walk you thru this process. 1-866-700-1040.
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