Miami, Florida
1221 Brickell Avenue, Suite 900
Miami, Florida 33131
Phone: 305-423-0393
Toll-Free: 866-236-4TAX
Email: info@freemantaxlaw.com
International Banking Lawyer Serving Miami
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. In the past, 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 forced to reveal data on thousands of accounts held by U.S. citizens and residents. The IRS has also recently issued John Doe summonses to banks in India to obtain account information 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
In order to protect your finances and prevent future criminal accusations, it is imperative that you enlist a tax attorney who is experienced and knowledgeable on international tax matters. Offshore banking and FBAR 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.
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. The IRS has a "voluntary disclosure program", also known as the Offshore Voluntary Disclosure Initiative (OVDI), to enable those with offshore bank accounts to disclose them without criminal prosecution and with significantly reduced penalties. Act today, as the OVDI program will only last until August 31st, 2011.
If you have an offshore account that has not been disclosed 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 investigate and 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 extremely harsh 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 innovative approach has been integral in allowing our clients to return to compliance with the federal reporting requirements for offshore bank accounts, while at the same time avoiding criminal prosecution and minimizing penalties. We routinely counsel clients in situations such as:
- 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 now 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
We maintain meeting locations for clients in Los Angeles, New York, Miami, Chicago, Cleveland and Greenwich as well as our home office in southeast Michigan. If you have an offshore bank account and have reason to believe the IRS will take action against you, contact us now. From our office in Miami, we represent individuals and businesses across Florida in places such as Palm Beach, Coconut Grove, West Palm Beach, Boca Raton, Jupiter Island, South Beach, Pelican Bay, Delray Beach, Pinecrest, Parkland, Vero Beach and Naples.
