Stein Sperling’s tax attorneys are at the forefront of addressing international tax issues, particularly those involving Foreign Bank Account Reporting (FBAR). We don’t just respond to problems as they arise; we proactively develop solutions that address your current challenges and prepare you for future compliance. The IRS has significantly increased efforts to combat offshore tax avoidance, demanding greater transparency from U.S. taxpayers regarding their foreign financial assets. Unfortunately, many taxpayers are unaware of the requirements and face staggering financial losses from back taxes, penalties and interest or even possible criminal exposure for failing to file an FBAR and/or failing to report foreign income.

Our attorneys bring substantial experience to managing tax matters involving offshore assets. We are well-versed in the requirements of FBAR and related voluntary disclosure programs, which are crucial for taxpayers aiming to avoid criminal penalties and reduce potential fines. We assist you in addressing previously neglected FBAR obligations, negotiating penalties, and navigating the intricate landscape of international tax compliance.