The federal government has begun aggressively pursuing U.S. taxpayers with foreign bank accounts and financial assets. Failure to disclose these accounts can subject you to steep financial penalties and possible criminal charges. At my Pleasanton, California, law firm, I help individuals throughout the Bay Area disclose their foreign accounts, reduce their tax liability and avoid criminal charges.
Attorney Connie Yi: providing effective and efficient tax law representation for more than 10 years.
Offshore And Foreign Tax Compliance Law Firm In San Francisco
The federal government can now obtain information about U.S. taxpayers from foreign financial institutions. This has caused many taxpayers — who used to be shielded from IRS investigation — to lose their anonymity and become exposed to large financial penalties and criminal liability for tax evasion and tax fraud.
While some individuals purposely transfer their U.S. income to foreign accounts, others have innocent reasons for holding bank accounts in foreign countries and are simply unaware of the reporting requirements. If you own property in a foreign country, inherited money in a foreign country or share bank accounts with relatives living in foreign countries, you may have a U.S. tax compliance problem.
The IRS is offering U.S. taxpayers the opportunity to reduce their penalties and escape criminal prosecution through the Offshore Voluntary Disclosure Program (OVDP). The current OVDP has no determined end date; the IRS may choose to withdraw the program at any time.
I, attorney Connie Yi, help create strategic disclosure plans that enable clients to bring their offshore accounts into compliance under the OVDP while minimizing their financial penalties and interest, and eliminating their exposure to criminal charges.
Contact An Experienced Foreign Tax Compliance Lawyer
The offshore voluntary disclosure program is complex and many individuals feel intimidated by the process. As an experienced tax professional, I am well-versed in the nuances of federal tax law and know how to navigate the system in the most efficient manner possible.
If you become the subject of an IRS investigation, you will no longer be eligible for the OVDP. Don't wait until it is too late; contact me to bring your offshore assets into compliance. I also help financial professionals bring their clients' accounts into compliance.
The OVDP can take up to three years to complete. No matter where you are in the process, I can help. Together, we will get you in compliance with U.S. tax laws while protecting your assets, your freedom and your family. Contact my law office at 888-312-6978 to schedule a consultation. I speak fluent Mandarin and Cantonese.