Phoenix, Arizona
2375 East Camelback Road
5th Floor
Phoenix, Arizona 85016
Phone: 480-428-8303
Toll-Free: 866-236-4TAX
Email: info@freemantaxlaw.com
International Banking Lawyer Serving Phoenix
Representing Individuals and Corporations With International Tax Concerns
Over the past decade offshore banking secrecy laws regarding individuals' disclosure of their offshore accounts have changed significantly. Previously, U.S. citizens and residents with foreign bank accounts could rely on bank secrecy laws to avoid providing account information to the IRS. Recently, however, the IRS acquired additional powers to request the disclosure of international bank accounts of U.S. citizens. In 2009, Switzerland-based UBS AG was compelled to reveal data on thousands of accounts held by U.S. citizens and residents. The IRS has issued John Doe summonses to banks in India for the purpose of obtaining bank account information from these banks for U.S. citizens and residents.
U.S. citizens are taxed on their worldwide income. If you have offshore financial accounts and want to protect yourself from possible penalties and even criminal prosecution, please contact the Law Offices of Jeffrey S. Freeman now.
International Tax Matters
Anyone with interest in one or more foreign accounts, including brokerage accounts and mutual funds, with a value exceeding $10,000 must file a Report of Foreign Bank and Financial Accounts (FBAR). There are stringent IRS penalties for failing to disclose such accounts.
Offshore banking attorney Jeffrey S. Freeman started his legal career with a leading international tax firm. Today, he and his team routinely handle complex international tax matters on behalf of taxpayers across the United States. Our firm is comprised of attorneys with the knowledge and commitment to help you handle your tax challenges and plan for your future. Therefore, if you have not disclosed the existence of an offshore account to the U.S. government, please contact us now.
Focused on IRS Negotiations and Effective Protection of Your Interests
Mr. Freeman and our versatile, accomplished tax law team will assess your circumstances and look to take action targeting:
- Proper, compliant filings of required Report of Foreign Bank and Financial Accounts (FBAR) documents
- Pursuit of any available strategies for resolving your tax debt
- Limitation or removal of stringent penalties
- Negotiating assertively to have your tax case handled as a civil matter, rather than a criminal investigation for offenses such as tax fraud or tax evasion
IRS Compliance With Offshore Accounts
Our law firm counsels clients throughout the United States with foreign financial interests. Our efforts have helped our clients return to compliance with the federal reporting requirements for offshore bank accounts, while avoiding criminal prosecution and minimizing penalties. We routinely counsel clients regarding:
- Tax audits or other investigations that reveal offshore income that has not been reported on tax returns
- Discoveries of one or more offshore accounts that were held but not disclosed by family members who have passed away
- Accounts maintained by people living and working abroad who are or later became U.S. citizens
- Accounts maintained by U.S. citizens under the mistaken assumption that offshore accounts could serve as a legal tax avoidance measure
From our Phoenix office, our law firm represents clients throughout Arizona, in places such as Scottsdale, Paradise Valley, Maricopa County and Pima County. If you have an offshore bank account and believe the IRS will take action against you, contact us now.
