It is important that you know all you can about your tax situation and what to do with your foreign bank accounts. You need to determine if you should claim the accounts and participate in the voluntary programs or not. If the IRS does find out that you did not follow all of the procedures, should you opt in, you can face serious penalties.
Our team of expert FBAR or OVDP tax professionals in Ventura are ready to work with you today. Call Leading Tax Group now.
When it comes to the FBAR or OVDP programs, you should choose a tax professionals that is well-versed in the subject and has many years of experience. When you work with the tax professionals at Leading Tax Group, you can place your trust in us. We will provide you with the guidance you need about your offshore accounts and help you weigh the pros and cons of disclosing the information.
You do have the option to participate in the FBAR or OVDP program because it is voluntary. This is a big decision to make though because you do have procedures and rules to follow. If you do not follow them, you will find that you may be required to do a full disclosure to the IRS. If you are in need of advice about these programs, call the best FBAR and OVDP tax experts in Ventura today.
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