Voluntary Disclosure and FBAR Center

Voluntary disclosure and FBAR compliance are the key areas of our international tax practice. Our experienced tax attorneys have helped clients throughout the United States as well as overseas to bring their tax affairs into full compliance with U.S. tax laws.

Generally, the best way for you to start working toward resolution of your tax issues is to set up a consultation (which can be in-person, by telephone, or through Skype video conference) to discuss your tax situation with an experienced international tax attorney. Remember, contacting Sherayzen Law Office tax attorneys is confidential! The consultations are attorney-client privileged!

In order to assist our clients with pre-consultation preparation, we created this Voluntary Disclosure and FBAR Center (“VDFC”) to provide some general background information to the extremely complex issues involved in going through voluntary disclosure and FBAR compliance process. VDFC is designed to provide awareness of potential FBAR and voluntary disclosure issues as well as help our potential and current clients in directing their questions to our tax attorneys. Moreover, VDFC contains links to our latest updates on current and new IRS voluntary disclosure initiatives.

FBAR Overview

General Information

Definition of Foreign Financial Accounts

FBAR Aggregate Value Requirement

FBAR Financial Interest, Signature Authority and Other Comparable Authority

FBAR Penalties

Voluntary Disclosure

IRS Declares New 2012 Offshore Voluntary Disclosure Program

Post-OVDI Voluntary Disclosure of Foreign Bank and Financial Accounts

Dealing with Undisclosed Foreign Income and Foreign Bank and Financial Accounts

2011 Offshore Voluntary Disclosure Initiative

2011 OVDI Statute of Limitations