FBAR Issues
We are FBAR and OVDI specialists!
The Law Offices of Maynard & Hogan has been repeatedly designated as Among Silicon Valley's Top Tax Attorneys*
What should you do if you did not file a required FBAR form on time?
The Offshore Voluntary Disclosure Program that offered limited amnesty for missed FBAR filings has now ended. Should you file for Amnesty under the Streamlined Program offered by the IRS? Or would you be better off doing a “Quiet Disclosure?” Some people are pushing the “Streamlined” procedure with minimal penalties. But will you qualify? And should you apply for amnesty when your request for Streamlined amnesty status is always discretionary? There is no easy answer to any of these questions and the answer is different for different circumstances.
Let us help you make the decision about how to approach your FBAR problem!
In addition to the old questions, there are new headlines:
IRS ENDED THE OFFSHORE VOLUNTARY DISCLOSURE PROGRAM ON SEPTEMBER 28, 2018!
What does this mean for you? The IRS says, "Taxpayers with undisclosed foreign assets are urged to come forward now." Should you do this? Or, are you going in like a lamb to the slaughter, just as the supply of lambs has dried up? Will the IRS honor their vague promises that you will be treated fairly? Perhaps yes, perhaps no.
There is no question that considerable risk is inherent in any decision that you make about late or unfiled FBARS.
The new Streamlined program is also underway. It has also been a mixed bag of goods. But now, many FBAR Group Managers and "Reviewers" (the managers who approve or reject the FBAR Specialist's recommendations) are pushing a new agenda: i.e. to achieve "National Uniformity" in treatment of Taxpayers. This is not a good omen for Taxpayers who apply to the program, because it means whatever leniency used to exist is being exorcised from the program.
Should you opt for the original amnesty program or the Streamlined program? Or are you better off with another approach? Other options are still available to resolve FBAR violations. Our Santa Clara Valley law firm has been helping San Jose area taxpayers solve all of their tax problems for over 30 years. Our broad ranging experience in tax law gives us a rare perspective and unequalled experience in both the civil penalties and the criminal implications of FBAR violations.
If you want honest advice from an experienced tax attorney on one of the most serious tax violations in modern times, come see us! We won't try to scare you, we just want to help. Our firm has handled and solved many other cases like yours. We offer personalized FBAR help at reasonable rates. Our firm has the skills and experience to really solve your FBAR problem with the least potential risk of criminal prosecution and civil penalties.
Special Discounted Flat Rate Initial Consultation For One Full Hour**
We offer a special reduced rate initial consultation for all new clients, so you can meet us and decide if our experience and recommendations are what you need. Come meet with us. Unlike most firms, we will give you our honest assessment and practical legal advice at the first meeting. We don't just listen and tell you that you need professional help! We give you the advice you need to decide how you should proceed in order to solve the problem.
.......................................................................................................... To improve your experience and keep everyone safe, we offer telephone and video conference consultations with our seasoned attorneys.
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LAW OFFICES OF MAYNARD & HOGAN
1151 Minnesota Ave.
San Jose, CA 95125
USA
(408) 293-8500
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Qualifications and Experience of Our Lawyers
- Long term experience in Voluntary Disclosure, FBAR and OVDI issues.
- Advice concerning IRS and FTB criminal investigation policies and procedures.
- Special skills in dealing with OVERDUE TAX DEBTS!
- 31 years of practical experience solving Foreign Reporting Tax Problems.
- Founding attorney has specialized degree in Tax Law from the best Tax Law School in the country - LL.M. (Taxation) conferred by New York University.
- 31 years of local experience dealing with the IRS, FTB, SBE and other tax agency personnel in our area. We are familiar with the local customs and practices within the local offices, as well as the National Standards and procedures.
- Extensive experience in FBAR issues currently being raised.
- Our many years of courtroom experience helps us to counsel you to avoid problems, so your issues may never end up before a judge.
- Longtime experience with Compromise of Tax Liabilities.
- 31 Years Experience Abating Tax Penalties and Interest.