If you haven’t reported foreign assets in the past, we’re here for you. Our experienced FBAR lawyers will help you make sense of your options, guide you safely through the disclosure process, and give you back your peace of mind.
Our skilled FBAR attorneys are here to help with all forms of foreign asset disclosures, whether you’re filing for this year or correcting past years. International tax law can be confusing, to say the least, but we make compliance simple and stress-free!
Need help filing the FBAR this year? With more than 10 years of experience, Gordon Law makes your international tax reporting a breeze! We can also prepare your full tax return if needed.
Offshore tax forms may be required for:
The FBAR isn’t the only offshore tax form you need to be aware of. In addition to the FBAR, we can assist with foreign filings like:
Each form has distinct requirements and significant penalties for noncompliance. Remember, not all tax professionals understand international tax law or have experience filing these niche forms.
It can be quite difficult to ensure you don’t miss any required filings, unless you work with an experienced international tax attorney like the team at Gordon Law.
We take care of all the details so you don’t have to worry about a thing—just sit back while we minimize your international taxes and help you avoid IRS penalties!
Looking for FBAR amnesty programs? It’s important to choose the right solution so you can save time and avoid further problems with the IRS.
The options to resolve noncompliance include:
Did you recently learn of your FBAR filing requirement? Don’t worry—you’re not alone!
An FBAR audit is any type of tax audit that involves foreign accounts and offshore tax forms. These audits are complex, with a high risk of financial penalties or even criminal tax concerns. In such cases, working with an experienced FBAR lawyer can help protect your rights and minimize your tax and penalties.
The reason for the audit could be related to your international accounts (if the IRS has a reason to suspect you haven’t complied with international tax laws), or it could be caused by something completely different. Either way, an FBAR audit is risky.
How Gordon Law can help with an FBAR audit:
Did the IRS assess an international tax penalty that you shouldn’t have to pay? Were you double taxed on income that should have been excluded under a tax treaty? Gordon Law can help. We’ve eliminated millions of dollars in penalties related to offshore tax forms.
In addition to filing offshore tax forms, our skilled international tax attorneys can help with:
Our team has focused on international tax law since 2012, helping hundreds of taxpayers minimize their taxes and avoid penalties. Give us a call at (847) 580-1279 to discuss your situation with an attorney.
Several amnesty programs exist for those who are delinquent in filing the FBAR, FATCA, and other offshore disclosure forms. Our experienced FBAR lawyers have submitted more than 100 streamlined disclosure applications with a 100% success rate. We’ll make the process simple and stress-free from start to finish!
Stop living in fear of the IRS. We’re here to help!
If you don’t know if you need to file, or what you need to disclose, our tax team is here to help. If you’re being audited or the IRS has already targeted you for not filing an FBAR, we can take the reins, handle the negotiations, and guide you safely to the other side of your tax dilemma.
Our attorneys have a great deal of tax litigation and criminal tax law experience. We can advise you on everything associated with making a voluntary disclosure and filing an FBAR.
If an IRS auditor contacts you, having attorneys with extensive experience on your side is invaluable. We can work with IRS investigators, and our tax law knowledge can shift the odds in your favor.
We know exactly what you should say in response to an IRS investigator’s questions, so get in touch today to begin the conversation. A confidential consultation with our experienced FBAR lawyers could ultimately save you money, time, and considerable hassles.
Should you apply for Streamlined Domestic Offshore Procedures? SDOP is an IRS amnesty program for U.S. residents who have unreported foreign income. Get a clear breakdown of this program and insider tips from our international tax lawyers.
Did you just learn about FBAR filing requirements? Our experienced FBAR lawyers break down all you need to know about this form (otherwise known as FinCEN Form 114).
IRS Form 5471, “Information Return of U.S. Persons with Respect to Certain Foreign Corporations,” has complex filing requirements. Not sure whether you need to file or how to file? This guide breaks down what you need to know.
Confused about IRS Form 8858, “Information Return of U.S. Persons With Respect to Foreign Disregarded Entities and Foreign Branches”? This guide from experienced international tax lawyers explains who needs to file and how to avoid penalties.
Anybody with $10,000 or more in foreign holdings—bank accounts, business transactions, investment dividends, etc.—must file an annual FBAR form along with their tax return. Learn more about FBAR filing requirements here.
Yes. The United States government taxes all citizens on all earnings, even if it comes from other parts of the world—whether from foreign properties, online business income, or an international asset, you must report it to the IRS.
This depends on several factors. Contact an FBAR lawyer who can guide you through the process and determine a solution for your situation.
Failing to file FBAR can result in fines up to $250,000, 5 years in federal prison, or both. If you deliberately fail to comply, you’re also subject to a $100,000 fine or 50% of the account balance. In some instances, failing to file can also result in deportation.
In some instances, yes, the IRS is willing to negotiate settlements. It’s recommended to work with an FBAR lawyer to improve your chances of securing amnesty agreements.
There are two different types of disclosure methods: “noisy” and “quiet.” “Noisy” voluntary disclosure means using one of the IRS’s dedicated programs to correct your taxes: either streamlined disclosures or the Voluntary Disclosure Procedure. Many FBAR cases are eligible for streamlined disclosures, which offer minimal penalties. Submitting a noisy voluntary disclosure can protect you from criminal prosecution.
For various reasons, some people opt for the “quiet voluntary disclosure” route: amending old tax returns without using an official IRS program. Though it may appear your best choice at first glance, quiet disclosure isn’t the wisest option in many cases. Officials tend to treat these types of respondents more harshly should issues arise.
Every citizen can file their taxes and FBAR disclosures without help, but consider: Would an experienced attorney, who knows all the minutiae of how the process works, serve your interests better and possibly save you money in the long run? And remember, failing to file—or even filing erroneously—can land you in criminal trouble.
Yes, it can. Banks in many countries will ask point-blank if you’re a US citizen, and if you say yes, they will report your information to the IRS. The agency can also track you down nearly anywhere in the world by using John Doe subpoenas and strategic resources.
The consequences of not filing an annual FBAR disclosure can be seismic and costly. Learn more about FBAR penalties here. Consider working with an experienced FBAR lawyer to increase your chances of a favorable outcome.
