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FBAR – Tax Lawyer, Former IRS – File and Settle – IRS Tax & FBAR Experts

by | Jun 28, 2012 | FBAR, IRS Tax Debt, Representation, Tax Lawyer, Tax Returns, Tax Settlements

 

FBAR – Tax Lawyers – File and Settle – IRS Tax & FBAR  Experts

Take the fear out of FBAR.

We are a professional tax firm specializing in FBAR tax filings and tax negotiations. We are compromised of Board Certified Tax Lawyers, Tax  Attorneys, CPA’s and Former IRS Agents who where both teaching instructors and former IRS managers when employed by the IRS. We have a combined 60 years who experience at the IRS.

 

We also taught Tax Law while employed by the IRS.

Our firm specializes in the filing, negotiation and tax debt settlements of World Wide FBAR cases.

 

The IRS viewpoint on FBAR

The Internal Revenue Service is starting ramp up enforcement of there International Tax Program and the latest goldmine for the feds is found in the FBAR filings and payment.

To date the IRS has found over $5 billion Dollars in collectables. With that type of money on the table the IRS is not going to quit. This makes the IRS look good!

As a matter of fact the IRS is dedicating much of there millions in enforcement budget specifically to this FBAR project.

After speaking to several IRS agents, the management of the IRS is going to “make FBAR headlines with there enforcement”. They want to scare taxpayers to death.

What hangs over the head of many of the taxpayers is the fear of going to jail and this is huge. It makes people jump and scares them into tax compliance. And, it has worked!

 

 

Who Must File an FBAR

United States persons are required to file an FBAR if:

The United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and
The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported.

 

United States person means United States citizens; United States residents; entities, including but not limited to, corporations, partnerships, or limited liability companies created or organized in the United States or under the laws of the United States; and trusts or estates formed under the laws of the United States.

 
Exceptions to the Reporting Requirement

Exceptions to the FBAR reporting requirements can be found in the FBAR instructions.

 

There are filing exceptions for the following United States persons or foreign financial accounts:

1.Certain foreign financial accounts jointly owned by spouses;
2.United States persons included in a consolidated FBAR;
3.Correspondent/nostro accounts;
4.Foreign financial accounts owned by a governmental entity;
5. Foreign financial accounts owned by an international financial institution;
6.IRA owners and beneficiaries;
7.Participants in and beneficiaries of tax-qualified retirement plans;
8.Certain individuals with signature authority over but no financial interest in a foreign financial account;
9.Trust beneficiaries; and
10.Foreign financial accounts maintained on a United States military banking facility.

 

If you are looking to have true FBAR experts handle your case call us today for a no cost consult. 1-866-700-1040.

 

You will speak directly to a Tax Lawyer, Tax Attorney, CPA or a Former IRS Agents.

 

FBAR Problems – Tax Representation – Former IRS, Tax Attorneys – IRS Tax Experts – World Wide Tax Practice

by | Jun 27, 2012 | FBAR, IRS Tax Problem, Representation, Tax Lawyer

 

Make sure you find IRS before they IRS finds you. As a former IRS Agent take my advice to heart. The FBAR beast is coming.

IRS cannot wait to get to the next round of FBAR cases cranked up. Billions of you’re dollars are waiting for them.

Why?

The IRS in the past few years has just collected over $5 Billion big ones from the FBAR Program.

The IRS has just dedicated millions of more dollars to fund enforcement and the training of new IRS agents to be part of the new IRS mean lean collecting machine.

IRS Statement by commissioner Doug Shulman

“We continue to make strong progress in our international compliance efforts that help ensure honest taxpayers are not footing the bill for those hiding assets offshore,” said IRS Commissioner Doug Shulman. “People are finding it tougher and tougher to keep their assets hidden in offshore accounts.”

Shulman said the IRS offshore voluntary disclosure programs have so far resulted in the collection of more than $5 billion in back taxes, interest and penalties from 33,000 voluntary disclosures made under the first two programs. In addition, another 1,500 disclosures have been made under the new program announced in January.

This by far is the most successful program ever launched the the IRS. FBAR is a huge hit and the IRS billing machine does not plan to stop.

IRS is securing new treaties with new countries so with each treaty opens up the books and records of banks allowing the IRS to go after tax cheats.

Professional Tax Representation

If you are looking for an experienced tax firm to represent your best interest, lower your tax debt including penalties and interest call us today for a free professional tax consult and speak directly to Tax Attorneys or CPAs.

Attorney- Client Privilege.

Call us at 1-866-700-1040. We are affordable and assessable.