One of the advantages of practicing US international tax law is that an international tax lawyer can offer his FBAR services throughout the United States. Why is this case? Why is an international tax lawyer who lives in Minneapolis considered as an Indianapolis FBAR Lawyer?
Indianapolis FBAR Lawyer: FBAR is Federal Law, Not State Law
The answer to the question above is not difficult and, in fact, very logical. FBAR is a part of US federal law and no local law plays a role in defining its requirements or its implementation. This means that any US international tax lawyer can offer FBAR services in any of the 50 states and the District of Columbia irrespective of his physical location. This further means that a lawyer in Minneapolis can be considered as an Indianapolis FBAR Lawyer even though he never visited the State of Indiana.
Indianapolis FBAR Lawyer Must Be a US International Tax Lawyer
It is worth emphasizing that an Indianapolis FBAR Lawyer must be a US international tax lawyer, not just any lawyer. This emphasis is very important because FBAR forms are part of the US international tax law and its penalty structure is deeply connected with a taxpayer’s overall tax compliance. In a voluntary disclosure situation, the relationship between FBAR and the overall US international tax compliance may play a determinative role in the legal position of a taxpayer.
A sophisticated reader might wonder why FBAR forms are part of the US international tax law if the FBAR was created as a result of the Bank Secrecy Act (i.e. Title 31 of the United States Code), whereas the entire Internal Revenue Code is located in Title 26 of the United States Code. The answer is not that simple and deserves a special article.
Nevertheless, I can provide a short answer here: FBAR is administered by the IRS and, as part of its historic evolution, the form became a tax enforcement mechanism.
Sherayzen Law Office Can Be Your Indianapolis FBAR Lawyer
If you are looking for an Indianapolis FBAR Lawyer, Sherayzen Law Office may be the perfect fit for you! Sherayzen Law Office is an international tax law firm that specializes in US tax compliance, including FBARs. We have profound knowledge of this area of law and the extensive experience in helping clients with international tax law issues, including offshore voluntary disclosures with respect to delinquent FBARs. We have helped hundreds of US taxpayers worldwide with their FBAR issues and we can help You!