If you are a California resident with undisclosed foreign assets and you believe that you were non-willful with respect to your prior reporting noncompliance, you would be looking for professional help to bring your US tax affairs into full compliance with US international tax law through Streamlined Domestic Offshore Procedures. In other words, you are looking for a California streamlined disclosure lawyer. In this essay, I would like to analyze everyone included within the definition of a California streamlined disclosure lawyer.
California Streamlined Disclosure Lawyer: International Tax Lawyer
The first point to understand is that all California streamlined disclosure lawyers are international tax lawyers. The reason for this is very simple: an offshore voluntary disclosure of noncompliance concerning foreign assets and foreign income generated by these assets falls within a specific sub-area of US international tax law. In other words, an offshore voluntary disclosure is part of US international tax law. This means that, when you are looking for a lawyer who can help you with Streamlined Domestic Offshore Procedures, you are searching for an international tax lawyer.
California Streamlined Disclosure Lawyer: Voluntary Disclosure Expertise
You are not searching, however, for just any international tax lawyer. You want to find a lawyer who has developed expertise in a very narrow sub-field of offshore voluntary disclosures within US international tax law.
This means that you are looking for an international tax lawyer who specializes in offshore voluntary disclosure and who is familiar with the various offshore voluntary disclosure options. Offshore voluntary disclosure options include: SDOP (Streamlined Domestic Offshore Procedures), SFOP (Streamlined Foreign Offshore Procedures), DFSP (Delinquent FBAR Submission Procedures), DIIRSP (Delinquent International Information Return Submission Procedures), VDP (IRS Voluntary Disclosure Practice) and Reasonable Cause disclosures. Each of these options has it pros and cons, which may have tremendous legal and tax (and, in certain cases, even immigration) implications for your case.
California Streamlined Disclosure Lawyer: Geographical Location Does Not Matter
While the expertise and experience in offshore voluntary disclosures are highly important in choosing your international tax lawyer, the geographical location (i.e. the city where the lawyer resides) does not matter. The reason for it is also very simple: offshore voluntary disclosure options were all created by the IRS and form part of US international (i.e. federal) law; the local California law has no influence over how SDOP will be processed. This means that any international tax lawyer who specializes in this field may be able to help you irrespective of whether this lawyer resides in California or Minnesota.
Moreover, the development of modern means of communications pretty much eliminated any communication advantages that a lawyer in California might have had in the past over the out-of-state lawyers. This is especially true in our world today where the pandemic greatly reduced the number of face-to-face meetings.
Sherayzen Law Office May Be Your California Streamlined Disclosure Lawyer
Sherayzen Law Office, Ltd. is a highly-experienced international tax law firm that specializes in all types of offshore voluntary disclosures, including SDOP, SFOP, DFSP, DIIRSP, VDP and Reasonable Cause disclosures. Our professional tax team, led by attorney Eugene Sherayzen, has successfully helped our US clients around the globe, including in California, with the preparation and filing of their Streamlined Domestic Offshore Procedures disclosure. We can help you!
Contact Us Today to Schedule Your Confidential Consultation!