If you are a party to a San Diego or California divorce, and the community property includes foreign bank or investment accounts, assets or real property you should contact us immediately at 866-631-3470. Is your spouse attempting to hide assets from you or from US tax authorities? The first issue is to ensure that your taxes have been properly and completely filed with the IRS and California tax authorities, and that you are in compliance with FATCA and FBAR requirements. There have been historic developments relating to the US Justice Department and assets held by US taxpayers on foreign soil over the past few years. Protect your interests and work with us to ensure that you have no substantial tax exposure (or worse, potential criminal liability) relating to the disclosure of assets and compliance with US tax laws.
The structure of your divorce settlement will also have a substantial impact on your immediate and future tax liabilities. At Allen Barron, we provide a full spectrum of business, accounting, legal and tax expertise under a single source, much like the “Big 8” firms of years past. We are able to protect your interests, and provide valuable and profitable advice on the tax ramifications of foreign accounts and assets in your divorce, as well as how to best structure the settlement to retain as much of your existing assets as possible. If you are in the process of a divorce, and have foreign accounts or assets we invite you to contact us for a free consultation at 866-631-3470.
