Offshore Tax Audits – Appeal and Litigation
The IRS is currently auditing and prosecuting holders of offshore credit cards, offshore bank accounts, foreign trusts, and international business companies for tax evasion and failure to report transfers. At TaxLawFirm.net, we can help reduce or eliminate IRS debts associated with audit services international; such as offshore credit cards, foreign trusts, offshore bank accounts, and international business companies.
Careful audit planning and a full analysis of the problem areas are necessary to prevail against the IRS during audit international. Prevent an IRS foreign credit card audit from turning into a full criminal tax investigation. Don't wait until the last minute.
Audit International concerns usually arise due to the following typical situation. Generally a U.S. taxpayer opens a foreign bank account, or creates a foreign trust and International Business Corporation, which in turn opens the foreign bank account. Funds are deposited into that interest bearing account, sometimes prior to paying tax on those funds. The funds are later withdrawn using an American Express, MasterCard or Visa credit card setup by that foreign bank so the taxpayer can spend the money.
Audit International Penalties Can Be Severe
The IRS has recently summoned American Express, MasterCard and Visa and has received a list of over one million U.S. taxpayers who have a foreign credit card. The IRS is currently sending out audit international letters requesting further documentation and threatening civil penalties of 100% of the account balance or at least $100,000, or criminal sanctions of up to 5 years in the federal penitentiary, and loss of any business or professional license. These sanctions apply to tax evasion as well as to simply failing to report the foreign transaction to the IRS.
Legal Defenses for Offshore Audits
There are an unlimited number of legitimate defenses for an audit international that are very effective to combat the government's egregious penalties and crimes, each dependent upon each taxpayer's own facts and circumstances. Each case will be thoroughly analyzed and completely developed to bring out all defenses to prevail before the IRS. Our experience in audit services international will help you reduce or eliminate taxes, penalties or interest associated with your foreign bank accounts, offshore credit cards, foreign trusts and international business corporations.
The IRS takes these matters extremely seriously. So, if you are currently going through a tax audit of your international concerns or know of one upcoming, the earlier you can get an experienced professional on your side the better.
The tax attorneys at TaxLawFirm.net are specialists in tax disputes with the IRS and state governmental tax agencies. A free initial telephone call to us should answer your most compelling questions about overseas audits. This no obligation telephone call is strictly confidential and protected by the attorney – client privilege and will never be disclosed. We look forward to hearing from you and discussing your tax situation
About Us
TaxLawFirm.net is an aggressive tax firm whose practice is limited to tax disputes with the IRS and state governmental tax agencies. This includes all audit international efforts put upon you by the IRS. A free initial telephone call to us should answer your most compelling audit international questions. This no obligation telephone call is strictly confidential and protected by the attorney – client privilege and will never be disclosed. We look forward to hearing from you and discussing your audit international tax situation.
We Aggressively Litigate and Appeal IRS Tax Audits
Get experienced, professional help from TaxLawFirm.net. We provide the full scope of services related to your offshore business concerns including overseas audit help and assistance, setting up of offshore trust accounts, and proper reporting of concerns. All of our attorneys are highly skilled and specialized, each having achieved the top designation in their field. All of our lawyers are designated “Certified Tax Law Specialists” by the California Bar Association. There is simply no higher designation in the Industry available. Choosing an attorney from our firm means you'll be getting the highest standard of care in the Industry.
Going through an audit international alone can be an apprehensive and risky thing. Don't risk going it alone! Instead, hire an appeal tax assessment specialist from TaxLawFirm.net to defend you.
Contact us to schedule a Tax Attorney consultation. Evening and weekend hours are available by appointment.
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