• May 27, 2024

Filing As Part Of The IRS Offshore Voluntary Disclosure Program

The filing of the IRS offshore voluntary disclosure program is something that can be a bit tricky if you do not know how to really complete it.  Thankfully there are some new experts out there that are going to allow you to reap the benefits that are out there for the program. 

Offshore banking accounts used to be an incredible asset if you were someone who did not want to pay that much in terms of taxes to the Internal Revenue Service.  Times are changing though and the global economy is shrinking at a rate that is extremely fast.  The reality of it all is that you can not simply put money there now and have it not be detected by an organization such as the Internal Revenue Service.  With all of the electronic reporting that gets taken place now, you need to be able to fully disclose everything to the Internal Revenue Service so that they know exactly what you have and what your overall tax liability really is and has to be.  The fact of the matter is that you can still get a lot of benefits from offshore accounts, but you really need to be able to show the Internal Revenue Service you are taking advantage of the offshore accounts in a valid and lawful manner. 

The IRS offshore voluntary disclosure filing can help you avoid trouble with the Internal Revenue Service.  The lawyers at the Law Offices Of Jeffrey B. Kahn, P.C. are experts on the program and can help you with the offshore voluntary disclosure program filing.