Offshore Bank Account Lawyer
Offshore Bank Account Lawyer Representation
Do you have offshore credit cards or offshore bank accounts that you thought the IRS would never find out about? Think again! The IRS is pursuing international tax fraud more than ever; after issuing subpoenas directly to Visa, MasterCard and American Express, they now have lists of more than 1 million U.S. persons with offshore credit cards from those companies.
If you are facing an international tax audit, or anticipate you will be dealing with the IRS regarding international tax problems in the near future, it’s essential to contact an offshore bank account lawyer immediately.
But I’m Innocent!
Generally most Americans facing offshore tax problems with the IRS mean no harm, and were simply unaware of international tax regulations. What usually happens is an American taxpayer creates a foreign trust and International Business Corporation, or opens a foreign bank account, which in turn opens a foreign bank account. Funds are deposited into that interest bearing account, sometimes prior to paying tax on those funds, and the funds are later withdrawn using a Visa, MasterCard or American Express credit card setup by that foreign bank so the taxpayer can spend the money. Unfortunately, they are not informed of the necessary disclosure forms, and soon find themselves in hot water with the IRS.
Eliminate or Reduce Penalties and Charges
The IRS is currently sending out international tax audit letters requesting further documentation and threatening criminal sanctions of up to 5 years in the federal penitentiary, civil penalties of 100% of the account balance or at least $100,000, and loss of any business or professional license. These sanctions not only apply to tax evasion but to simple failure to report foreign transactions to the IRS.
There are an unlimited number of legitimate defenses that an offshore tax lawyer can argue to fight the government's extreme international tax penalties and crimes, each dependent upon the taxpayer's unique facts and circumstances. An offshore tax consultant from TaxLawFirm.net can help you negotiate a favorable settlement with the IRS, and reduce or eliminate penalties and charges.
Contact us to schedule a consultation with a TaxLawFirm.net offshore bank account lawyer today, and get help now! Evening and weekend hours are available by appointment.