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The Offshore Voluntary Disclosure Program (OVDP)

The U.S. government aggressively scrutinizes American taxpayers who have interests in foreign accounts or own foreign assets. If you do not comply with the reporting requirements when you file your taxes or the requirements for informational reporting on your accounts or assets, you may be at risk for penalties and even criminal liability in the U.S.

If U.S. authorities discover that you have offshore or foreign bank accounts or assets that should have been disclosed, you may be liable for back taxes if you failed to report the income or you could be subjected to penalties for failing to report. You may also be subject to large penalties and the possibility of criminal charges if the violations were deemed to be willful.

If you are currently under investigation or fear you do not comply with the Foreign Account Tax Compliance Act (FATCA) or other tax laws, seek immediate assistance from an experienced tax law attorney.

Professional Legal Assistance Regarding The Offshore Voluntary Disclosure Program (OVDP)

The Florida law firm of Bucci Law Offices offers sophisticated, highly professional legal assistance to U.S. taxpayers around the world. We can guide you to solutions designed to bring you or your business into compliance with U.S. tax laws regarding offshore accounts and foreign assets. Our goal is to help you make informed, strategic decisions about account disclosure.

The Offshore Voluntary Disclosure Program

In 2009, the IRS introduced a disclosure program that allows taxpayers to voluntarily disclose their foreign accounts, investments and properties and come into compliance with reporting requirements. Since 2009, the Offshore Voluntary Disclosure Program (OVDP) has gone through several iterations, and the IRS can choose to end it at any time.

At Bucci Law Offices, we can help you make an informed decision about participation in the formal Offshore Voluntary Disclosure Program or the streamlined filing procedures. These options offer ways to minimize civil penalties for failing to properly reporting your overseas assets and to reduce risks of possible criminal charges for willful violations. At Bucci Law Offices, our experienced tax law attorney can guide you skillfully through this process.

Let Us Help You Decide On A Course Of Action

Attorney Christin M. Bucci will work closely with you to determine whether the OVDP program makes sense for your unique circumstances. She will advise you about available international tax management options, answer your tax law questions and create a plan to bring you into compliance with offshore reporting obligations. Let us help you minimize fines, penalties and the risk of criminal charges.

Contact Bucci Law Offices, or call 305-340-2275 in Miami, 954-900-9107 in Fort Lauderdale, or toll free at 800-743-4263. We handle cases worldwide. Call us today to schedule a consultation.