Illegal Offshore Tax Disclosure: 2020 IRS Resource Guide (Golding & Golding)

Illegal Offshore Tax Disclosure: 2020 IRS Resource Guide(Golding & Golding)

The IRS Penalties for not filing proper IRS International Informational Reporting forms and Foreign Bank Account Reporting misdeeds are bad.

What is an Illegal Offshore Tax Disclosure?

Here is a typical example./

  • You have unreported foreign accounts, assets or income
  • You learn about IRS Offshore Reporting Requirements
  • You learn about FBAR & FATCA Penalties
  • You get caught up reading fear mongering websites
  • You take the FBAR & FATCA penalties “out-of-context”
  • You get scared about going OVDP or Streamlined
  • You file prior year Income Tax Returns and FBARs
  • But You did not submit under OVDP, Streamlined or Reasonable Cause
  • Now you are scared of Willfulness, Criminal Penalties & a Potential Jail Sentence

About Golding & Golding, A PLC

We have successfully represented clients in more than 1,000 streamlined and voluntary disclosure submissions nationwide and in over 70-different countries.

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