International Tax Audit
International Tax Audit Help
While in the past they lacked the resources, the IRS is now conducting more and more foreign tax audits on offshore bank accounts, international businesses and companies, foreign trusts and international/offshore credit cards. But an international tax audit is still subject to the same laws as U.S. tax audits, and an experienced tax attorney from TaxLawFirm.net can help eliminate or reduce the fees, taxes and/or IRS debts associated with international tax audits.
Why Should You Hire Professional International Tax Audit Help and Representation?
It is not uncommon for U.S. citizens to hold offshore bank accounts or international credit cards, especially if they conduct business internationally. Due to the increases in IRS enforcement on offshore reporting (under Foreign Bank Account Reporting or FBAR rules), it is extremely important for you to understand everything you are required to do by law if you have a foreign bank account or if you have signatory authority over an offshore account. Failure to obey IRS FBAR regulations can result in serious international tax problems and/or severe penalties that could significantly affect your financial well being for life. (FBAR penalties can amount to anywhere from 100 to 300% of the asset value of the account!)
Act Now!
If you have undeclared funds in foreign bank accounts, now is the time to act in order to decrease your chances of criminal prosecution, reduce IRS penalties and work out a structured IRS payment plan.
Don't wait until the last minute; prevent an IRS offshore tax audit from turning into a full criminal tax investigation with the help of an offshore bank account lawyer from TaxLawFirm.net. With careful planning and analysis, we can help you reduce or eliminate taxes, penalties or interest associated with your offshore bank accounts, foreign credit cards, foreign trusts and international business corporations.
Contact us to schedule an international tax audit consultation today. Evening and weekend hours are available by appointment.