|Call us: +1.888.477.4258|
Tax problems solved.
No matter where in the world you are.
by: Anthony Parent 2017-08-03
IRS problems can sneak up on anyone. But not everyone's circumstances are the same. When solving a tax problem, the best option for your neighbor might not be the best option for you. In this article, we are going to go over some of the tights spots Americans get themselves into each year and the best federal tax amnesty programs for each situation.
There's a range of amnesty programs that fit a variety of situations. The best amnesty program for you depends on:
There are generally two main issues that people have with the IRS; either criminal charges -- like tax evasion -- or being stuck under a tax bill they can't seem to escape. Federal amnesty programs can help both of these situations.
About every six hours of every day of every week, someone is indicted for some type of IRS tax crime. For cases like these, the earlier we can get to work for our client, the better the result is going to be --- every time. Now for those who did get to us quick as soon as they sensed something was "off," they laugh and think about the bullet they dodged.
But for others who took a bit longer to call us the results are mixed. While every case can be made better, sometimes better only means a shorter prison sentence. Yet, don't let that scare you! Most people with low-risk we speak with are convinced of the worst case, yet are NOT in that bad of shape. We also find the opposite: that those with really HUGE exposure don't think they are in any danger!
The problem is that as a taxpayer you are in the worst position to understand truly where you stand. And this is why having someone on your side who understands all the ins-and-outs of the IRS and the federal criminal justice system is invaluable.
Get these monster worries out of your head. Seriously, if you have criminal concerns, just stop what you are doing and contact us now. This is really important. We can help you. The attorney-client privilege applies to all communications to and from us. We've helped US taxpayers from around the world out of very tough spots.
The first step is making sure you are in current compliance with the law.
The IRS is all about compliance, compliance, compliance! But what exactly does that mean? It boils down to:
"Tax compliance means making tax payments and producing and submitting information to the tax authorities on time and in the required formats."
Many tax prosecutions could have been avoided or stopped dead in their tracks if taxpayers hadn't gotten stuck in a spiral of perpetuated noncompliance. The IRS and Department of Justice are hellbent on prosecuting cases where a taxpayer is continuing to "flip them the bird", so the best advice I can give you is to comply if you want to get into a federal tax amnesty program.
Finding the right program for you depends on your specific noncompliance, what your state of mind was, and what your risk profile looks like. Let's examine some common fact patterns.
Tax evasion requires a motive exceeding either negligence or failure to comply due to overwhelming life events. Seeing as most people engaged in noncompliance weren't actively trying to defraud the US Treasury, it makes sense that not everyone needs an amnesty program for tax evasion. But, because it is such a serious situation, it's necessary to mention certain tax evasion programs. We'll get the worst possibilities out of the way first.
The treatment for international tax noncompliance is MUCH more punitive than for domestic tax noncompliance. In fact, many people enter into the full OVDP not necessarily because they have tax evasion exposure, but because they're at risk of harsh civil FBAR penalties.
Most people having IRS problems aren't necessarily engaging in criminal activity. Yet, they aren't falling in line with that compliance thing the IRS desperately wants. For these individuals, the IRS has a few less serious and less costly amnesty options.
It would be really nice if we lived in a world where taxes were simple and any incurred penalties weren't so devastating. Unfortunately, that's just not the case. Tax problems are incredibly serious, so taking the time to seek out proper representation and garner real legal advice before entering into a federal tax amnesty program is critical. It's your future, and it should be everything you want it to be.