There have been many potential strategies to protect income and assets offshore, including investing in gold and silver, renting out previous residences while in the US, or secreting assets in Swiss Accounts. Recently there is a wave of speculation regarding the Iraqi Dinar, and many are pouring US dollars into the purchase of the Dinar expecting a windfall appreciation in the near future. Folks, my advice to you is simple: It’s time to come clean with the IRS, today, because on July 1 the IRS will know more about you and your accounts and your assets than you ever wished for them to know, and they will be aggressively pursuing back taxes, and extremely high penalties and interest. In some cases, they will be looking to set an example by pursuing criminal charges. There are opportunities, today, to minimize the damage and to take advantage of my expertise and experience as a tax attorney to protect your interests.
As an attorney your information is protected by attorney-client privilege and you can safely disclose all of your financial asset and account information. Together we will work to identify areas of exposure, strategies to minimize or eliminate liability, and reposition your financial strategy to meet the new realities. The IRS knows what you have. It’s only a matter of time. Let’s work together to protect as much of your hard earned money as possible.