There is a substantial financial incentive for resident US taxpayers and US expatriates to come into compliance with IRS streamlined guidelines and US laws relating to the reporting of foreign bank accounts on FBARs as well as assets, investments and property offshore. FBARs must be submitted electronically within a week (June 30, 2014), and programs may be in place to allow a taxpayer to come into compliance and reduce penalties and interest from 27.5% to 5%. The window of opportunity is extremely short: August 15, 2014. The potential savings could be tens to hundreds of thousands of dollars. The time to act is now. Call us at 866-631-3470 for a confidential and complimentary initial consultation. Your information will be protected by attorney-client privilege and we will discuss how to bring you into compliance and save you thousands of dollars in the process.
