IRS Foreign Reporting Requirements

Experienced Palm Beach County Tax Attorney

It is essential that you understand the tax issues concerning foreign reporting requirements. The consequences of failing to report are serious and you will regret it. If you are in non-compliance with foreign reporting requirements from the IRS, you should immediately contact Palm Beach County tax attorney, Mr. Michael Miller.

He has over 20 years of tax, accounting, and legal experience as well as being rated by Martindale-Hubbell Law Directory as being in the top 10% of all attorneys nationally in terms of legal ability and ethical standards.

Tax Lawyer in Palm Beach County Helps Fight IRS

In an all-out effort to prevent raising tax rates, Congress and the federal government are supporting all efforts by the IRS to find unreported income and enforce tax payment. You will face jail time and large payments of penalties, interest and back taxes if you are involved in a serious case of failure to report foreign income, offshore accounts and other hidden income sources.

If you are facing possible criminal charges you should consult immediately with Mr. Miller. He has worked as an IRS Revenue Agent and has an intimate knowledge of U.S. income tax laws and enforcement. He will be able to assist you to resolve your situation no matter how difficult or complex.

Recent Changes in the Legislation

As of December 2016, the IRS has recently announced its Offshore Voluntary Disclosure Program will be extended, with revision, to April 15th, 2018. This is an excellent opportunity to avoid criminal prosecution. As your representative, the firm will protect your confidentiality and work aggressively to serve your interests while bringing you into compliance with the law.

If you have been reporting foreign income on your tax returns, but have failed to file the FBAR (Report of Foreign Bank and Financial Accounts) it is important that you do so immediately to prevent substantial penalties.

How Our Firm Can Help

The firm can put things right. They advise you to act quickly and take advantage of opportunities now. The longer you wait the greater your chances of being caught and being assessed significant penalties. If you are uncertain if you are in compliance fully, the firm can advise you.

For any matters or concerns related to foreign reporting requirements, contact a Palm Beach County tax attorney at the firm as soon as possible.