Are you confused about making a voluntary disclosure to the IRS? Are you losing sleep at night thinking about FATCA?
If you find yourself feeling frazzled and unsure if a voluntary disclosure is right for you, check out our IRSMedic exclusive webinar, “IRS Offshore Voluntary Disclosure Programs, Initiatives, & Mind-Numbing Hoops to Jump Through. Simplified.” In less than 40 minutes, we’ll explain the following crucial points for voluntary disclosures and FATCA consideration:
- The history of the IRS’s claim for worldwide taxation;
- The history of foreign account compliance;
- The complete evolution of voluntary disclosure practice, from simple straight-forward instructions that existed prior to 2009, to the four different programs announced in June of 2014.
You’ll learn what OVDP alternatives there, such as the Streamlined OVDP, and why alternatives are necessary in the first place. You’ll learn how you can limit — or completely avoid — FBAR concerns and other types of penalties on your unreported foreign accounts and income. Now think about it, when was the last time you learned so much in 40 minutes?
At the end of this webinar, it’s more than likely that you’ll understand the Offshore Voluntary Disclosure Program (OVDP) better than 95% of IRS employees and 100% of Congress!
Let me paint a scenario of the situation taxpayers are in. First, the IRS doesn’t seem to be capable of explaining even the most basic of fundamentals to taxpayers; they just seem to make thing even more difficult to grasp. Not only that, but the IRS is constantly changing rules. To add yet another layer to this miserable sundae, It’s my duty to point out that the rules are incredibly complicated. So, without some guidance from someone who has been there and done that, what position does that put you in?
That little avalanche of frustrations is why we have created this webinar. We want nothing more than to give you the power of knowledge. We’ll share some of our biggest lessons from years of representing our worldwide clientele. From all walks of life and from every corner of the globe, we have successfully negotiated and completed voluntary disclosures even though the IRS has thrown a mountain of obstacles our way.
This webinar can also be an incredibly helpful tool for other attorneys and CPAs who wish to learn about the latest news and updates with the OVDI and OVDP. Keeping up-to-date on recent changes can provide the necessary understandings for best advising current and potential clients.
It needs to be said, however, that this webinar is no substitute for actual legal advice. What it will give you is the foundation to keep a careful eye on the IRS while developing a strategy for taking on your tax problem.