How an IRS Audit Attorney Can Help You with the Offshore Voluntary Disclosure Program

Whether you’ve already gotten caught up in an IRS Offshore Voluntary Disclosure nightmare or you’re simply trying to prevent one, you need a good attorney.

Here’s what an expert IRS audit attorney can do for you:

1. Keep you out of trouble in the first place

If you’ve got more than $10,000 stored in offshore bank accounts, you need to talk to an IRS audit attorney now, before things get messy. A good lawyer will be an expert on the IRS Offshore Voluntary Disclosure Program, so he can explain all of the ins and outs to you. That way, you’ll know exactly what you’re responsible for, what kind of deadlines you’re facing, and what kinds of things you can do to avoid raising any red flags with the IRS in the first place.

Bottom line — the time and money you spend consulting with a good tax attorney now are nothing to compare to the time and money you would have to spend trying to dig yourself out of an IRS Offshore Voluntary Disclosure hole!

2. Make sure you don’t miss any deadlines

The IRS Offshore Voluntary Disclosure Program works a little differently than the taxes here at home. Instead of filing a tax return in April, you’ll have to file a special document called an FBAR. And the deadline isn’t in April; it usually falls over the summer.

Instead of trying to remember a bunch of dates all by yourself, a good IRS audit attorney can do it for you. By hiring one to keep track of your foreign money, you’ll never have to worry about missing a deadline or sending in the wrong form. That peace of mind alone is well worth it!

3. Try to negotiate lesser penalties

OK, so maybe you didn’t think of hiring an IRS audit attorney before. If you’ve gotten yourself into some trouble under the IRS Offshore Voluntary Disclosure Program, you need to find a great attorney — and fast! The longer you try to go it alone, the higher your chances of winding up with massive penalties.

A great lawyer may not be able to get you out of trouble altogether, but he’ll have the training and experience to negotiate a less severe punishment. He might be able to work out a deal so that you don’t wind up in jail or forced to pay hundreds of thousands of dollars in fines.

However, the odds of you being able to work out a deal on your own are slim. The only way to try and make things better is to work with a skilled IRS audit attorney who has “been there and done that” before.

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