FBAR Lawyer Houston – Offshore Tax Specialist | Board Certified (Golding & Golding)

FBAR Lawyer Houston – Offshore Tax Specialist | Board Certified (Golding & Golding)

FBAR Lawyer Houston: The IRS has increased enforcement of FBAR Reporting of offshore accounts, assets, and investments. The FBAR is a “federal” filing. It is required by the Internal Revenue Service. When a Foreign Account holder is out of compliance for reporting accounts, they may become subject to FBAR fines and penalties.  At Golding & Golding, we specialize exclusively in FBAR Amnesty, Streamlined Filing Compliance, and Voluntary Disclosure. We represent many clients throughout Houston, Sugar Land, and the neighboring Houston communities. Each case is led by a Board-Certified Tax Law Specialist.

FBAR Lawyer Houston (Golding & Golding)

Golding & Golding is based out of Irvine, California. We specialize exclusively in international tax, and specifically IRS offshore disclosure.

We have successfully represented clients in more than 1,000 streamlined and voluntary offshore disclosure submissions nationwide and in over 75-different countries. We have represented thousands of individuals and businesses with international tax problems.

We are the “go-to” firm for other Attorneys, CPAs, Enrolled Agents, Accountants, and Financial Professionals across the globe.

We are the “go-to” firm for other Attorneys, CPAs, Enrolled Agents, Accountants and Financial Professionals worldwide.

Less than 1% of Tax Attorneys Nationwide Are Certified Specialists

Sean M. Golding is one of less than 350 Attorneys (out of more than 200,000 practicing California Attorneys) to earn the Certified Tax Law Specialist credential. The credential is awarded to less than 1% of Attorneys.

Recent Golding & Golding Case Highlights

  • We represented a client in an 8-figure disclosure that spanned 7 countries.
  • We represented a high-net-worth client to facilitate a complex expatriation with offshore disclosure.
  • We represented an overseas family with bringing multiple businesses & personal investments into U.S. tax and offshore compliance.
  • We took over a case from a small firm that unsuccessfully submitted multiple clients to IRS Offshore Disclosure.
  • We successfully completed several recent disclosures for clients with assets ranging from $50,000 – $7,000,000+.

Who Needs an FBAR Attorney?

The following summary details when and why you need an FBAR Attorney.

A. You Filed the FBAR Timely, But…

But, maybe you forgot a few accounts or assets and are not sure, or did not also include them on the FATCA Form 8938, 3520, 8621, etc. — you may want to speak with an FBAR Attorney to discuss willful vs. non-willful, etc. but if there is no unreported income, you should be fine.

B. You Missed the FBAR Filing Deadline

The deadline for filing the FBAR is the date your taxes are due (usually April 15th), but is currently on automatic extension to October.

If you missed the FBAR Deadline, you may be subject to fines and penalties and will want to speak with an experienced FBAR Attorney.

What are the Penalties for Late Filing the FBAR?

What are the Penalties for Late Filing the FBAR?

C. You are Worried about FBAR Penalties

FBAR Penalties can be Civil or Criminal

They can then be broken down even further, but the threshold question, is whether the IRS will get you for Civil (money) or Criminal (money, and worse).

i. Civil FBAR Penalties

Civil FBAR Penalties are limited to monetary penalties. A civil FBAR Penalty is a penalty that is focused on monetary fines or warning letters (waivers) — without any risk of criminal investigation or prosecution.

A few important considerations:

– Most courts have held that the maximum annual FBAR willful penalty is not limited to $100,000.

– If the court believes you acted with Reckless Disregard, they can still penalize you full Willful FBAR Penalties.

– If the court believes you acted with Willful Blindness, they can still penalize you full Willful FBAR Penalties.

– Even in a non-willful setting, the court can issue $10,000 per account, per year penalty

ii. Criminal FBAR Penalties

Criminal FBAR Penalties may include monetary penalties and incarceration.

This is when the IRS refers the matter to the Department of Justice (DOJ) or other 3 letter government faction for criminal investigation and possible prosecution. These are not very common, but unfortunately they are on the rise.

Golding & Golding (Board Ceritfied Specialist in Tax Law)

Golding & Golding (Board Certified Specialist in Tax)

Interested in a Houston FBAR Lawyer?

No matter where in the world you reside, our international tax team can get you IRS offshore compliant with all FBAR, FATCA and other foreign reporting and disclosure requirements.

Golding & Golding specializes in IRS offshore voluntary and streamlined disclosure procedures. Contact our firm today for assistance with getting compliant.

Golding and Golding, Board-Certified Tax Law Specialist

Golding and Golding, Board-Certified Tax Law Specialist

Golding & Golding: Our international tax lawyers practice exclusively in the area of IRS Offshore & Voluntary Disclosure. We represent clients in 70+ different countries. Managing Partner Sean M. Golding is a Board-Certified Tax Law Specialist Attorney (a designation earned by < 1% of attorneys nationwide.). He leads a full-service offshore disclosure & tax law firm. Sean and his team have represented thousands of clients nationwide & worldwide in all aspects of IRS offshore & voluntary disclosure and compliance during his 20-year career as an Attorney.

Sean holds a Master's in Tax Law from one of the top Tax LL.M. programs in the country at the University of Denver. He has also earned the prestigious IRS Enrolled Agent credential. Mr. Golding's articles have been referenced in such publications as the Washington Post, Forbes, Nolo, and various Law Journals nationwide.
Golding and Golding, Board-Certified Tax Law Specialist