Quiet Disclosure: When a taxpayer is out of compliance for not previously disclosing offshore accounts, assets, investments or income, the IRS deems them out of offshore compliance (aka non-compliant).
These taxpayers may be tempted to gamble their tax future by making a Quiet Disclosure or Silent Disclosure. By making a quiet or silent disclosure, the taxpayer is risking significant fines and penalties, along with a possible criminal investigation and prosecution.
Learn more about the dangers of making a quiet disclosure to the IRS.
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.