How can Allen Barron better protect you and your FBAR compliance issues with the IRS? How can Allen Barron help you come into compliance with IRS FBAR reporting requirements while keeping associated penalties and risk at a minimum?
Allen Barron is uniquely positioned to provide sound counsel and comprehensive services to those who need to come into compliance with IRS FBAR compliance and reporting requirements. Our integrated tax, legal and accounting services not only provide the tax and form preparation required, but the legal protections of the attorney-client privilege. This allows us to have a candid discussion regarding your offshore activities under the absolute privacy protections of the attorney client privilege.
Any information you share with a CPA, accountant, bookkeeper, tax preparer or other financial professional can simply be subpoenaed by the IRS. This includes all communications, emails, texts, phone records, the notes taken by professionals and all information provided by you, the taxpayer. This information is then used against you by the IRS.
Many US taxpayers have elected to file an application under the Streamlined Domestic Offshore Procedures program. While this option offers attractively reduced penalties it does nothing to relieve the taxpayer of exposure to criminal prosecution for tax evasion. There is no guarantee the IRS will accept a streamlined application, and many will be rejected leaving the taxpayer exposed to the full fury of an IRS audit and criminal prosecution. The Offshore Voluntary Disclosure Program (OVDP) provides less risk and valuable criminal protections, but may not be necessary for many US taxpayers to come into compliance. How will you know the difference?
How Can Allen Barron better protect you and your FBAR compliance with the IRS? We provide informed guidance regarding willfuness versus non-willfuness and assist with the selection of the best compliance program based upon your unique circumstances. We create amended returns and FBARs and handle all correspondence with the IRS. Gain peace of mind and resolve your IRS FBAR issues once and for all. Contact us for a free consultation at 866-631-3470 today.