What Does a California Tax Lawyer Know About Offshore Tax Regulations?

When you think of offshore tax problems, you probably think of really rich guys sitting on yachts sipping on drinks with little umbrellas in them, laughing at how they’re cheating the system.

But the truth is, YOU may be cheating the system and not even know it!

That’s because most people don’t know the ins and out of the IRS Offshore Voluntary Disclosure Program. However, if you have more than $10,000 stored in a foreign bank account at any point in time during the year, you meet the requirements of the program.
Luckily, you don’t have to find a lawyer halfway around the world to help you make sense of it all. Instead, you can get all of the help you need right here at home.
But what can a good California tax lawyer possibly know about your offshore taxes?
Well, he knows that the IRS Offshore Voluntary Disclosure Program is in full swing, which means:

1. You don’t have a say in the matter
Despite its name, this program isn’t voluntary. If you don’t follow the Offshore Voluntary Disclosure Program‘s rules, you can be forced to pay steep penalties. You can even be sent to jail for tax evasion! So, you had better learn what this program is all about – and fast!

2. The IRS isn’t kidding
When the IRS launched the Offshore Voluntary Disclosure Program, it added thousands of new investigators, all of whom are in charge of finding people who are violating the rules of the program. So, if you think you can cheat the system, think again. You may be able to fly under the radar for a little while, but it’s only a matter of time until someone finds you.
Plus, the Justice Department is involved, too. They’re actually going after foreign banks and demanding information about American account holders. So, your own bank might be the one to hand you up!

3. You can be punished for things you did years ago
Any good California tax lawyer will tell you that this program gives the IRS the right to go back eight years during its investigations. If you don’t have the documents to prove that you did (or didn’t do) something back then, you can be punished for it now.

4. Negotiation is still an option
Even if you land in some hot water under the IRS Offshore Voluntary Disclosure Program, all is not lost. You may still be able to lessen your punishment with some skilled negotiation – but only if you have a top-notch attorney speaking on your behalf. That’s reason enough to look for the very best right now!

The best California tax lawyer is only a click away – at www.kahntaxlaw.com!

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