Nevada FBAR and Offshore Attorneys

The Las Vegas tax attorneys at Freeman Tax Law will help you accurately file and report all necessary documents required for individuals and businesses with foreign bank accounts and assets.

Contact us today to schedule a free, confidential consultation.

NEVADA FBAR ATTORNEYS – OFFSHORE TAX FILING SERVICES IN LAS VEGAS


NEVADA FBAR ATTORNEYS

Freeman Tax Law is a comprehensive firm, comprised of a full-service team of Attorneys, CPA's and former IRS agents.

We have handled hundreds of offshore disclosure cases, and will help you understand your obligation in regards to the receipt of foreign gifts and bequests. We will clearly explain your options in making all necessary disclosures to the IRS.


  • Offshore Voluntary Disclosure Program (OVDP)
  • FBAR (FinCen Form 114) Preparation and Filing.
  • IRS Form 8938 (Statement of Specified Foreign Financial Assets)
  • Making sure you are in compliance with all federal & state taxing authorities.

Freeman Tax Law is an experienced firm focusing on effectively analyzing complex international tax and wealth management problems. We apply a deep grasp of the law and beat expected outcomes for our clients through careful planning, negotiation or litigation. Please contact our Las Vegas office today to see how we can help. The initial consultation is free, and confidential.

3960 Howard Hughes Pkwy #500-1234
Las Vegas, NV 89169 US

Toll Free: 855-935-5945
Phone: 702-997-6589
Fax: 888-907-1737

If you have had more than $10,000 in offshore investments or bank accounts at any point during the year (or past years), you may be subject to disclosing this information to the IRS. If you are concernced about the disclosure of offshore finanical activity, please contact our office to schedule a no-obligation, confidential consultation to discuss your tax matters.

The IRS has aggressively stepped up their FATCA enforcement tactics. If you have offshore assets, now is the time to come forward and get in compliance.

Jeffrey S. Freeman Attorney and Counselor

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NEVADA  FBAR HELP

Freeman Tax Law is a comprehensive international tax firm, with offices in Las Vegas, Nevada and across the country.  We are a full-service team of Attorneys, CPA's and former IRS agents.

We have handled hundreds of offshore disclosure cases, and will help you understand your obligation in regards to the receipt of foreign gifts and bequests. We will clearly explain your options in making all necessary disclosures to the IRS.


OFFSHORE ASSETS - COMING INTO COMPLIANCE

if you have offshore assets, and want to get in compliance with all IRS reporting requirements, you may have some options available to you. We have created the chart below to help you determine what course of action may be best for you.

Freeman Tax Law is experienced at effectively analyzing complex tax problems, presenting options for the client to enable a resolution and implementing solutions.  Offshore account reporting and compliance can be a difficult process to understand.  We have decades of experience helping people navigate this process successfully.  Please contact our Nevada office if you have questions - or would like to schedule a free, totally confidential consultation to discuss your personal or business tax situation.


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FBAR PENALTIES

FAILURE TO FILE IMPLICATIONS

The penalties for not reporting offshore holdings can be quite severe.

The penalties for failure to file an FBAR are worse than tax penalties. Failing to file an FBAR can carry a civil penalty of $10,000 for each non-willful violation. But if your violation is found to be willful, the penalty is the greater of $100,000 or 50 percent of the amount in the account for each violation—and each year you didn’t file is a separate violation.

Criminal penalties for FBAR violations are even more frightening, including a fine of $250,000 and 5 years of imprisonment. If the FBAR violation occurs while violating another law (such as tax law, which it often will) the penalties are increased to $500,000 in fines and/or 10 years of imprisonment. Many violent felonies are punished less harshly.

Moreover, the assessment of a civil penalty does not preclude criminal penalties or prosecution. Fortunately, one IRS official has said that the IRS may decide to simply issue a warning letter rather than penalties. The goal is compliance with the rules, the IRS suggests, not penalties.

In assessing whether penalties are to be applied, especially willfulness, the IRS looks at such issues as inheritance, how other accounts are treated and many other factors.

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CALL US

(855) 935-5945

Let's Talk

Contact us now to see if we can help. The initial consultation is free, and of course, confidential.