How Can a Tax Attorney in San Jose Help You Navigate the Offshore Voluntary Disclosure Program?
Just because you’ve got money stored in foreign bank accounts doesn’t mean you don’t have to pay taxes on it.
And, if you think the IRS isn’t paying attention to U.S.
money kept overseas, think again! The IRS has actually kicked things up a notch with the Offshore Voluntary Disclosure Program.
But if this program has to do with money stored in offshore accounts, how can a tax attorney in San Jose help you?
By hiring a tax lawyer close to home, you can have a trusted expert nearby to help you do these 4 things:
1. File everything on time
A good tax attorney in San Jose doesn’t just give you good advice; he can also be like an alarm clock! You’re probably so used to filing tax documents in April that you don’t even think about taxes any other time of the year.
However, the IRS Offshore Voluntary Disclosure Program comes with different deadlines. Depending on your situation, you might wind up needing to file something in June or August. Luckily, as long as you’ve got a smart tax attorney, you’ll never miss a deadline!
2. Negotiate lesser penalties
The IRS isn’t kidding when it comes to the Offshore Voluntary Disclosure Program. If you decided to go it alone — and wound up not complying with the rules — you’ll need a good tax attorney in San Jose. That’s because the good ones have “been there and done that”.
They’ve got the expertise and the connections to negotiate on your behalf.
Your attorney may not be able to get you off the hook entirely, but he has a much better chance of lowering the fines you owe than you do on your own!
3. Keep you out of trouble in the first place
If the thought of IRS investigators and the threat of heavy fines keep you awake at night, you need a qualified tax attorney in San Jose. He’ll have the knowledge you need to comply with the IRS Offshore Voluntary Disclosure Program right from the beginning. That way, you’ll never raise and red flags with the IRS, and you’ll never wind up in trouble!
4. Understand everything you need to know
Because the Offshore Voluntary Disclosure Program is still relatively new, a lot of people don’t understand it.
However, it’s a good tax lawyer’s job to keep up to date with all of the latest developments. By hiring a good tax attorney in San Jose, you can learn all about the program — and come up with a strategy to make sure you don’t violate it.