Do you have clients who have lived overseas? What about clients who were born in another country, and are now U.S. citizens or residents? If so, chances are they have investments in overseas financial accounts which should have been reported, but weren't. Those who failed to file an FBAR Form TD F90-22.1 are subject to criminal penalties of up to five years in jail, a fine of $250,000 or both.
Even if no criminal penalties are imposed there is still the matter of civil penalties, which can equal three times the balance in the accounts!
Please join us for a free one hour webinar June 11, 2015 at 11:00 a.m. PT on "A Brief Guide to Getting (and Keeping) Your Clients with Foreign Connections Out of Trouble, Including FBARS, OVDP, and Lesser Known Issues."
The webinar will focus on:
- Quiet Disclosures- Are they still viable?
- The Do (Almost) Nothing Approach
- Foreign Retirement Accounts
- Cutting Ties with the U.S. (Not as easy as you might think)
I am a California State Bar Certified Tax Specialist and a former Senior Trial Attorney for the Internal Revenue Service's Office of Chief Counsel. The Firm has advised hundreds of clients with offshore accounts including many who have decided to opt-out of the IRS' OVDP.
Seats are limited, so sign up soon by clicking on the link or copying and pasting it into your browser:
"A Brief Guide to Getting (and Keeping) Your clients with Foreign Connections Out of Trouble, Including FBARS, OVDP, and Lesser Know Issues"
Please do not hesitate to contact me if you have any questions.