FBAR_ Problems_Amnesty If you have unreported foreign accounts of more than $10,000 and unreported income, you better come clean with the IRS or you could be in a heap of tax trouble — the type that can cost you hundreds of thousands of dollars and even land you in jail. The willful failure to file the FBAR report or maintain records of your foreign accounts can potentially lead to a ten-year prison sentence and fines of up to $500,000. This criminal penalty applies to all US citizens pursuant to 31U.S.C Section S322B and 31 C.F.R. Section 103.S.9.C It may also apply to persons living in the United States who are not citizens.
If you fail to answer the question truthfully on schedule B of your Form 1040 which asks if you “have an interest in or a signature or other authority over a financial account in a foreign country”, then your false statement might be deemed a criminal offense by the IRS per the sections mentioned above if other surrounding facts and circumstances apply. If you filed your amnesty request you have now admitted to committing a tax crime. Now the hard part comes. Should you opt out to get a better result? If you filed your amnesty forms you have now admitted to a criminal offense. What is the best strategy to utilize to deal with the IRS to minimize the chance for a criminal prosecution? What is the best strategy to deal with the IRS NOW to minimize your fines? YOU need answers now.
Our office is headed by a former international tax IRS agent with 37 years experience as a CPA and Associate Professor of accounting. Call our office immediately for a free five-minute consultation so you can avoid the dire circumstances described above and deal with the othe
FBAR_ Problems_Amnesty If you have unreported foreign accounts of more than $10,000 and unreported income, you better come clean with the IRS or you could be in a heap of tax trouble — the type that can cost you hundreds of thousands of dollars and even land you in jail. The willful failure to file the FBAR report or maintain records of your foreign accounts can potentially lead to a ten-year prison sentence and fines of up to $500,000. This criminal penalty applies to all US citizens pursuant to 31U.S.C Section S322B and 31 C.F.R. Section 103.S.9.C It may also apply to persons living in the United States who are not citizens.
If you fail to answer the question truthfully on schedule B of your Form 1040 which asks if you “have an interest in or a signature or other authority over a financial account in a foreign country”, then your false statement might be deemed a criminal offense by the IRS per the sections mentioned above if other surrounding facts and circumstances apply. If you filed your amnesty request you have now admitted to committing a tax crime. Now the hard part comes. Should you opt out to get a better result? If you filed your amnesty forms you have now admitted to a criminal offense. What is the best strategy to utilize to deal with the IRS to minimize the chance for a criminal prosecution? What is the best strategy to deal with the IRS NOW to minimize your fines? YOU need answers now.
Our office is headed by a former international tax IRS agent with 37 years experience as a CPA and Associate Professor of accounting. Call our office immediately for a free five-minute consultation so you can avoid the dire circumstances described above and deal with the othe
FBAR OVDI Amnesty
ReplyDeleteFBAR, OVDI, Captive Insurance, Section 79 Plans, Section 79 Scams, Tax Payer, Lance Wallach Expert Witness, IRS Fines
FBAR_ Problems_Amnesty
If you have unreported foreign accounts of more than $10,000 and unreported income, you better come clean with the IRS or you could be in a heap of tax trouble — the type that can cost you hundreds of thousands of dollars and even land you in jail.
The willful failure to file the FBAR report or maintain records of your
foreign accounts can potentially lead to a ten-year prison sentence
and
fines of up to $500,000. This criminal penalty applies to all US citizens
pursuant to 31U.S.C Section S322B and 31 C.F.R. Section 103.S.9.C It may
also apply to persons living in the United States who are not citizens.
If you fail to answer the question truthfully on schedule B of your Form
1040 which asks if you “have an interest in or a signature or other
authority over a financial account in a foreign country”, then your false
statement might be deemed a criminal offense by the IRS per the sections
mentioned above if other surrounding facts and circumstances apply.
If you filed your amnesty request you have now admitted to committing a tax crime. Now the hard part comes. Should you opt out to get a better result?
If you filed your amnesty forms you have now admitted to a criminal offense. What is the best strategy to utilize to deal with the IRS to minimize the chance for a criminal prosecution? What is the best strategy to deal with the IRS NOW to minimize your fines? YOU need answers now.
Our office is headed by a former international tax IRS agent
with 37 years experience as a CPA and Associate Professor of accounting.
Call our office immediately for a free five-minute consultation so you can
avoid the dire circumstances described above and deal with the othe
FBAR OVDI Amnesty
ReplyDeleteFBAR, OVDI, Captive Insurance, Section 79 Plans, Section 79 Scams, Tax Payer, Lance Wallach Expert Witness, IRS Fines
FBAR_ Problems_Amnesty
If you have unreported foreign accounts of more than $10,000 and unreported income, you better come clean with the IRS or you could be in a heap of tax trouble — the type that can cost you hundreds of thousands of dollars and even land you in jail.
The willful failure to file the FBAR report or maintain records of your
foreign accounts can potentially lead to a ten-year prison sentence
and
fines of up to $500,000. This criminal penalty applies to all US citizens
pursuant to 31U.S.C Section S322B and 31 C.F.R. Section 103.S.9.C It may
also apply to persons living in the United States who are not citizens.
If you fail to answer the question truthfully on schedule B of your Form
1040 which asks if you “have an interest in or a signature or other
authority over a financial account in a foreign country”, then your false
statement might be deemed a criminal offense by the IRS per the sections
mentioned above if other surrounding facts and circumstances apply.
If you filed your amnesty request you have now admitted to committing a tax crime. Now the hard part comes. Should you opt out to get a better result?
If you filed your amnesty forms you have now admitted to a criminal offense. What is the best strategy to utilize to deal with the IRS to minimize the chance for a criminal prosecution? What is the best strategy to deal with the IRS NOW to minimize your fines? YOU need answers now.
Our office is headed by a former international tax IRS agent
with 37 years experience as a CPA and Associate Professor of accounting.
Call our office immediately for a free five-minute consultation so you can
avoid the dire circumstances described above and deal with the othe