If you have more than $10,000 in offshore bank accounts, failure to follow the declaration process can put you in the crosshairs of the IRS.
What does this mean for you?
If the IRS thinks you owe money or have undeclared offshore financial assets, that means the possibility of wage garnishments, bank levees, seized assets and even prison time.
Is it really that harsh?
When taxpayers do not abide by the Offshore Voluntary Disclosure Program, the IRS will take 50 percent of the value of the account, assess penalties, and possibly file criminal charges.
How can you avoid this fate?
It is crucial to have an experienced tax defense advocate on your side. People across the nation have relied upon the tax defense lawyers of Silver Tax Group to protect their interests and you can benefit from our services, too.
Our firm has the means to deal with the complex processes and procedures of:
- Form 114 — Report of Foreign Bank and Financial Accounts
- Form 8938 — Statement of Specified Foreign Financial Assets
We combine the strong representation you need against the IRS with the one-on-one service you need during a difficult time in your life. You can rely on our experienced tax attorneys to answer your questions every step of the way and provide the peace of mind that comes with knowing you have a proven advocate on your side.
Put Our Experience And Resources To Work For You |
Contact us today for a free case evaluation. Issues over foreign bank accounts, taxes and offshore assets do not have to ruin your life.
Headquartered in Southfield, Michigan, we provide tax defense representation nationwide.