Practice Areas » Miami & Ft. Lauderdale Tax Law » Offshore and International Bank Accounts

The IRS used to have a civil penalty framework for undisclosed offshore accounts.  This framework expired October 15, 2009.  To reduce your risk of criminal penalty, it might be in your best interest to disclose your offshore accounts.  The IRS takes into consideration voluntary disclosure when determining whether to exact criminal penalty and frequently conducts international and offshore tax audits. 

One way to complete voluntary disclosure, and thereby mitigate the risk of an international tax audit, is by a letter from an attorney representing you, enclosing truthful tax returns, and offering the payment of taxes owed plus interest.  To find out how to protect yourself from criminal penalty for undisclosed offshore accounts or how to reduce the associated penalties, the IRS provides Internal Revenue Manual 9.5.11.9. 

Along with voluntary disclosure, the IRS also considers issues of good faith and timely disclosure; therefore, time is of the essence.  Even if you are unsure of the legality of your international or offshore accounts, you can still be proactive and prevent the IRS’s audits of your assets and try to settle your tax liabilities by negotiating a reasonable monthly payment plan or an offer in compromise settlement that pays a fraction of what is owed. 

Tax evasion is a serious crime, punishable by both civil and criminal penalties.  At Bucci Law Offices, our tax attorneys can help fight for your freedom as well as help you analyze and assess suitable options for disclosing your offshore accounts and resolving to tax problems including keeping you out of jail.  Call Bucci Law Offices today at 954-764-4440 or 877-764-4440 so we can be your tax advocate and fight for your rights!

How Can Bucci Law Offices Help?

Dealing with the IRS alone can be very intimidating, often times, resulting in nothing more than increased interest and penalties being assessed against you.  We can eliminate this stress for you.  You can stop answering harassing phone calls and receiving letters from the IRS.  Instead, you can have us, your trusted partner, deal with the IRS on your behalf and help you get the results you need.  The tax attorneys at Bucci Law Offices have extensive experience with the IRS and can navigate through their rules and regulations, while advising you of your best possible options for resolving your IRS problems.

Remember, IRS problems do not go away by themselves and usually require immediate attention.  You need to know your rights and understand your options.  You need someone in your corner to protect your rights and interests – we can do just that.  Bucci Law Offices can be your tax advocate and fight for your rights!

If you would like to develop a strategy for disclosing your offshore accounts and explore establishing an alternative payment methods contact Bucci Law Offices immediately!

Each second you delay is costing you money!  How long can you afford to do nothing? Call Bucci Law Offices now at 954-764-4440 or 877-764-4440 to learn more about how we can help you with your tax resolution!