Brown, PC – Offshore Account Compliance – Video Transcript
[GRAPHIC: WWW.BROWNTAX.COM, Brown, PC, NATIONAL IRS TAX CONTROVERSY AND TAX LITIGATION LAW FIRM, 888-870-0025, 500 MAIN STREET | SUITE 400 | FORT WORTH, TX 76102]
LAWRENCE BROWN: At Brown, PC, we handle voluntary disclosure and offshore account matters every single day. With us, you greatly increase your likelihood of avoiding criminal prosecution and greatly reducing any penalties.
The key to voluntary disclosure with offshore accounts is to disclose sooner rather than later. If the IRS finds out about the existence of an offshore account through you first, typically they won’t prosecute. If the IRS finds out about the existence of an offshore account through some other source, there’s a much higher likelihood that you will be prosecuted.
At present, the IRS has teams of agents pouring over documents the government obtained in the UBS litigation to identify holders of offshore accounts, who haven’t disclosed the existence of those accounts. Clients who have not disclosed the existence of their offshore accounts need to be represented because the stakes are so high. Those stakes include federal criminal conviction, federal prison, and penalties that could entirely wipe out the account value.
If you hold an offshore account that you haven’t disclosed, please call for a discrete and confidential consultation.
[GRAPHIC: WWW.BROWNTAX.COM, Brown, PC, NATIONAL IRS TAX CONTROVERSY AND TAX LITIGATION LAW FIRM, 888-870-0025, 500 MAIN STREET | SUITE 400 | FORT WORTH, TX 76102]