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FBAR and Foreign Asset Reporting
If you forgot or were not aware of your requirement to file reports of foreign bank accounts, foreign assets, etc., we can help. There are a number of programs designed to get you into compliance so that you no longer have to worry about being hit with massive penalties or even jail. A very useful program called the Streamlined Filing Compliance Procedures, which previously was open only to Non-U.S. Residents has now been expanded so that most U.S. Residents, regardless of immigration status, now qualify to participate.
Whatever your situation, given us a call. You are not alone. These new reporting rules are onerous and very difficult to understand. Thousands of totally innocent taxpayers have found themselves caught in this web of reporting requirements and draconian penalties. We can help you figure out what you need to do it and how to do it at a reasonable cost.