by Fresh Start Tax | Jul 27, 2012 | FBAR, Tax Lawyer
The very last thing you want in your life is an IRS Criminal Investigation. The reality is that few persons have to go through that nightmare however, if you do not file the US Government Reports concerning FBAR, your chance will definitely go up.
We are a tax specialty firm with an expertise in all IRS matters. We handle both Criminal and Civil tax matters. Call us today for a no cost consult. 1-866-700-1040.
Let us take away your fear or worry today.
We taught TAX LAW at the IRS. You can speak directly to professionals that know the system.
While this blog is not written to scare anyone you should be advised that the IRS has just received another $500 Billion to go after tax cheats ( next year alone ) and much of that money will be focused on FBAR, Expatriates, Unfiled Tax Returns and Overseas monies not reported to the IRS.
Living in Pakistan will not shelter you from the IRS.
Over the last three years over 33,000 persons came forward and voluntarily filed FBAR’s . Many from Pakistan.
As a result of those voluntary disclosures the IRS collected $5.5 Billion. The IRS will not stop. The fear of criminal prosecution looms over taxpayers if FBARs are not filed.
The IRS is currently training many new Revenue Agents and are pouring more money into their CADE computer system to run down tax criminals.
While many persons living overseas have nothing to worry about many persons do. The IRS will catch up eventually. Find the IRS before they find you.
We are here to offer a free tax consultation to keep you out of jail and avoid paying as much tax as possible. We can reduce your tax debt by knowing the Law.
Call us today for a no cost tax consult. We are an International Tax Firm. If you live in Pakistan feel free to SKYPE us.
You will speak directly to tax attorneys, tax lawyers or Former IRS agents.
Call, 1-866-700-1040
by Fresh Start Tax | Jul 25, 2012 | FBAR, Tax Lawyer
We are Tax Experts in FBAR. We can take the fear and worry out of FBAR.
Call today and speak directly to Tax Attorneys, Former IRS Agents and hear the truth about FBAR Amnesty . 1-866-700-1040.
We have over 206 years of total IRS tax experience and over 60 years of direct IRS tax work experience in the local, district and regional offices of the IRS.
IRS has different amnesty programs and will announce them at different times when the top brass believe it is in the best interest of the government.
It is best to check with us on your individual situation to find out the different tax options open to you depending on the current climate of the IRS.
The last thing you want to experience is a criminal investigation from the IRS. Besides prison time, the fines and penalties will drain the very life out of you.
Should you have any questions, call us today for a no cost professional consult and hear the truth about FBAR Amnesty and your case.
Things you should know about FBAR.
1.Who must file an FBAR?
Any United States person who has a financial interest in or signature authority or other authority over any financial account in a foreign country, if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year.
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2. What constitutes signature or other authority over an account?
A person has signature authority over an account if such person can control the disposition of money or other property in it by delivery of a document containing his or her signature (or his or her signature and that of one or more other persons) to the bank or other person with whom the account is maintained.
3. Who has authority over a Bank Account
Other authority exists in a person who can exercise power that is comparable to signature authority over an account by direct communication to the bank or other person with whom the account is maintained, either orally or by some other means.
What are some of the criminal charges I might face if I don’t come in under voluntary disclosure and the IRS finds me?
4. What are Criminal Charges that can be invoked by the IRS?
Possible criminal charges related to tax returns include tax evasion (26 U.S.C.§ 7201), filing a false return (26 U.S.C. § 7206(1)) and failure to file an income tax return (26 U.S.C. § 7203).
The failure to file an FBAR and the filing of a false FBAR are both violations that are subject to criminal penalties under 31 U.S.C. § 5322.
Tax Evasion.
A person convicted of tax evasion is subject to a prison term of up to five years and a fine of up to $250,000.
False Tax Return.
Filing a false return subjects a person to a prison term of up to three years and a fine of up to $250,000.
Failure to File.
A person who fails to file a tax return is subject to a prison term of up to one year and a fine of up to $100,000.
Failing to file an FBAR subjects a person to a prison term of up to ten years and criminal penalties of up to $500,000.
FBAR , IRS Amnesty, Attorneys, Lawyers, Former IRS, FBAR Tax Experts, IRS Criminal Penalties
