NORTH CAROLINA FBAR ATTORNEY SERVICES
Are you looking for a lawyer to help with FBAR or OVDP issues? As experienced FBAR attorneys, we counsel and guide our clients through the complex maze of FBAR filing requirements in accordance with all IRS and Department of Treasury regulations.
FATCA is probably the most complicated and broadest international tax code ever created. Those in violation of FATCA are subject to severe penalties and interest for non-compliance. If you are a North Carolina resident with offshore assets, you may be subject to FBAR and FATCA. Our FBAR lawyers in Charlotte have years of experience helping people across North Carolina with their foreign accounts and offshore disclosure requirements.
Learn more about our offshore disclosure and fbar services below - or contact us now to schedule a free, no-obligation consultation.
FBAR & OFFSHORE DISCLOSURE SERVICES IN CHARLOTTE NC
NORTH CAROLINA LAWYERS HELPING PEOPLE WITH THEIR FBAR AND OFFSHORE FILING & REPORTING ISSUES
If you have money or assets in a foreign country, you need to make sure that you are in compliance with all of the reporting requirements of the IRS. Our experienced team will help you:
- File All of the Necessary Forms and Documents
- Insure All Reporting Requirements are Met
- Minimize Liability Exposure
WHO MUST FILE FBAR?
Any U.S. citizen no matter where they currently reside, must file if their total foreign account balances are over $10,000 USD at any time during the year. A U.S. resident also is required to file this form. A U.S. resident is defined as someone who was physically present in the U.S. during the year for 183 days or more.
OPTIONS FOR U.S. TAXPAYERS WITH UNDISCLOSED FOREIGN FINANCIAL ASSETS
The implementation of FATCA and the tremendous increase in efforts by the IRS and the Department of Justice to identify those with foreign assets has led many people to realize that they need to comply with offshore reporting regulations. Because the circumstances of taxpayers with offshore investments varies, the IRS offers a number of options for addressing previous failures to comply with offshore reporting requirements.
- OVDP - OFFSHORE VOLUNTARY DISCLOSURE PROGRAM
- STREAMLINED FILING COMPLIANCE
- DELINQUENT FBAR SUBMISSION PROCEDURES
- DELINQUENT INTERNATIONAL INFORMATION RETURN SUBMISSION
It is often difficult to determine which program is most suitable for your situation. That is why it is important to get guidance and counsel from a firm that has dealt with all of these procedures. If you are in North Carolina, please contact our Charlotte office to arrange a free, no-obligation consultation if you would like to review your personal financial situation.
Freeman Tax Law in Charlotte, NC
401 N Tryon St #10-40148
Charlotte, NC 28202 US
FREEMAN OFFSHORE DISCLOSURE PROCESS FOR FBAR & OFFSHORE DISCLOSURE
Below is the process we follow in all offshore cases. This workflow has proven to be quite effective and accurately and efficiently handling offshore cases.
FREEMAN TAX LAW IN NORTH CAROLINA
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.
Contact us now to see how we can hlep you get your foreign accounts and assets in compliance with the IRS. The initial consultation is free, and of course, confidential.