Phoenix Voluntary Disclosure Attorney

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Phoenix, Arizona’s vibrant capital, is celebrated for its balmy temperatures, distinctive desert vistas, and thriving economy. As one of America’s fastest-growing metropolitan hubs, Phoenix is a buzzing hive of economic activity, teeming with flourishing start-ups and established corporations. These enterprises power the city’s dynamic growth but necessitate adept navigation of the intricate federal tax landscape. Proper adherence to federal tax laws is paramount in this economic matrix, and any deviation could invite severe repercussions.

The Lifeline for Federal Voluntary Disclosures in Phoenix

Amid Phoenix’s scintillating economic growth, IRS Voluntary disclosure Practice emerges as a vital lifeline. Whether taxpayers have unintentionally overlooked their total federal tax compliance obligations or made deliberate omissions, overstatements, or understatements, voluntary disclosure practice presents an opportunity to rectify these missteps and soften the blow of civil potential penalties while removing the risk of criminal tax prosecution.

Navigating the Complex U.S. Tax Code

Deciphering the labyrinth of the Federal U.S. Tax Code is challenging, even for the most conscientious taxpayers in Phoenix. The complexity of the Code extends far beyond its primary provisions, often requiring a deep understanding of associated federal case law, IRS guidelines, and other authoritative sources to comprehend its implications fully. Despite the expert advice of tax professionals, the ultimate responsibility for any willful inaccuracies or omissions in tax filings, potentially leading to civil or criminal tax liabilities, rests with the taxpayer.

Introducing the Tax Law Office of David W. Klasing in Phoenix Arizona

The Tax Law Office of David W. Klasing, a boutique tax law firm, is thrilled to announce the opening of a new satellite office in Phoenix. Our award-winning, nationally recognized team of dual-licensed Tax Attorneys and CPAs brings over 30 years of collective experience in tax and business law. With a diverse professional background, we are well-positioned to assist individuals and businesses with even the most intricate federal tax issues.

In the thriving economic landscape of Phoenix, we understand the anxieties taxpayers may face when dealing with federal agencies such as the IRS. That’s why we prioritize open and consistent communication with our clients. Our expertise in navigating the federal nuances of the IRS Voluntary Disclosure Practice empowers us to assist businesses nationwide, even those in Phoenix, in leveraging its benefits—even in situations where it might seem impossible.

We are committed to guiding you towards substantial federal tax compliance, promptly addressing disclosure requirements to reduce your risk exposure, and assuring you are in good standing with federal tax authorities. However, please note that while our services extend to federal tax assistance for Phoenix-based clients, our legal practice outside California is limited to federal cases only. For any personal or business-related questions about IRS tax compliance and voluntary disclosure programs, Call 800-681-1295 or complete our form now.

Navigating Voluntary Disclosure: IRS VDP and DOJ Collaboration

Understanding the IRS Voluntary Disclosure Practice

The IRS Voluntary Disclosure Practice (VDP) offers a viable path for taxpayers who have previously deliberately failed to comply with federal tax laws, allowing them to correct their past mistakes without facing criminal tax prosecution. The IRS considers timely, accurate, and comprehensive voluntary disclosures when determining whether or not to recommend criminal prosecution for tax violations.

Making a voluntary disclosure to the IRS involves providing truthful, complete, and appropriate information about past tax non-compliance. It’s important to note that this process involves more than confessing past mistakes. Taxpayers must also:

Arrange to pay in good faith the federal tax, interest, and any applicable penalties owed;
Cooperate with the IRS to determine the accurate federal tax liability.

For a voluntary disclosure to be considered timely, it must be made before:

The IRS initiates a civil audit or criminal tax investigation;
The IRS learns about tax non-compliance from a third party, such as an informant, another governmental agency, or through a John Doe summons;
The IRS acquires information relevant to the non-compliance through a criminal tax enforcement action, like a search warrant or grand jury subpoena.

Note:

As long as a taxpayer that has willfully committed tax avoidance (potentially including non-filed foreign information returns coupled with affirmative evasion of U.S. income tax on offshore income) self-reports the tax non-compliance through a domestic or offshore voluntary disclosure before the IRS has started an audit or criminal tax investigation/prosecution, the taxpayer can ordinarily be successfully brought back into tax compliance and receive a nearly guaranteed pass on criminal tax prosecution and simultaneously often receive a break on the civil penalties that would otherwise apply.

Adapting to the DOJ’s Corporate Voluntary Self-Disclosure Policy

Beyond the IRS’s Voluntary Disclosure Practice, taxpayers and are wise to be informed about the Department of Justice (DOJ) Tax Division’s Corporate Voluntary Self-Disclosure Policy. The policy applies to various business organizations, excluding sole proprietorships. Despite this exclusion, sole proprietors, functioning as individuals rather than separate entities, can still voluntarily disclose tax compliance issues through the IRS’s VDP.

A Collaborative Approach to Tax Compliance

While the updated DOJ Tax Division’s policy suggests that voluntary self-disclosures related to internal revenue laws must be made to the DOJ’s Tax Division, it’s essential to understand that disclosures made to the IRS under its Voluntary Disclosure Practice are still considered. This arrangement enables the DOJ and IRS to decide collaboratively which agency will take the lead in ensuring tax compliance.

The updated policy underscores the importance of timely disclosures and cooperation, even if taxpayers suspect the government might already be aware of their non-compliance. Although full benefits of voluntary self-disclosure might not be available in these situations, taxpayers can still obtain reduced penalties, avoid criminal tax prosecution, and minimize reputational damage.

Turning the Tide on Non-compliance with The Tax Law Office of David W. Klasing

If you’re a taxpayer facing the fear and anxiety of potential criminal prosecution due to intentional federal tax non-compliance, remember that you have options if you act proactively and cautiously. We aim to guide you in resolving these issues before they escalate to a criminal level. With the help of our dual-licensed Tax Attorneys and CPAs, you can voluntarily “declare” previous undiscovered federal tax fraud or non-compliance issues and strike a deal with the IRS that promises amnesty and reduced civil penalties. This agreement typically results in the IRS refraining from criminal tax prosecution for past fraudulent or non-compliant filings, provided you voluntarily report and correct your tax returns from the past six years. At the Tax Law Office of David W. Klasing, we are committed to guiding you through this process, ensuring a more secure and compliant financial future.

Types of Voluntary Disclosure: Navigating the Path to Compliance

When it comes to tax compliance, navigating the labyrinth of federal tax laws can seem intimidating, particularly when faced with non-compliance issues. Fortunately, several voluntary disclosure avenues are available to guide taxpayers back into alignment with federal tax laws. Recognizing the correct type of voluntary disclosure for your circumstances is crucial.

Domestic Voluntary Disclosure: Navigating Local Tax Waters

Phoenix taxpayers facing undisclosed income, deductions, credits, or liabilities associated with domestic sources have the option of Domestic Voluntary Disclosure. This method calls for collaboration with the IRS to amend six years of past federal tax oversights.

Quiet Disclosure: A Subtle Path An unofficial route, Quiet Disclosure, involves the taxpayer amending and re-submitting their returns. While this process includes settling any due taxes, accrued interest, and self-assessed penalties, it doesn’t offer immunity / amnesty from potential severe penalties, including criminal tax charges, if the IRS identifies willful misconduct. Our dual-licensed Attorneys and CPAs generally advise this course of action only when the inaccuracies on your return are minor and unintentional because the amended returns themselves can be viewed as a criminal tax admission.

Noisy Disclosure: A Comprehensive Course In more complex or delicate federal tax cases, our team might suggest a “Noisy Disclosure.” This method is recommended when a substantial amount of additional tax is due, a risk of disqualification exists, or an explicit assurance from the IRS is desired.

A noisy disclosure typically involves filing Form 14457 or the Voluntary Disclosure Practice Preclearance Request and Application. The initial step requires taxpayers to provide basic information about their non-compliance. If the IRS grants preclearance, taxpayers proceed to complete a detailed Voluntary Disclosure, which demands a narrative account of non-compliance and the disclosure of any professional advisors involved.

Streamlined Domestic Offshore Procedures: Simplifying Domestic Foreign Assets

Designed explicitly for U.S. taxpayers residing within the U.S., the Streamlined Domestic Offshore Procedures provide an avenue to correct non-compliance regarding foreign financial assets. This program offers a way to rectify these discrepancies while potentially reducing penalties.

Streamlined Foreign Offshore Procedures: Assisting Non-Resident U.S. Taxpayers (Expats)

The IRS offers the Streamlined Foreign Offshore Procedures for U.S. taxpayers living abroad. This program helps correct non-compliance related to foreign assets, offering favorable terms that may eliminate penalties.

Delinquent International Information Return Submission Procedures: Filling the Information Gap

If you’ve failed to report certain international tax information but owe no additional tax, you may qualify for Delinquent International Information Return Submission Procedures. This pathway allows taxpayers to meet their information reporting obligations without facing penalties.

Delinquent FBAR Submission Procedures: Settling Unfiled Reports

For taxpayers who have not received a contact from the IRS regarding delinquent Foreign Bank and Financial Accounts Reports (FBARs) and are not currently under IRS civil examination or criminal tax investigation, the Delinquent FBAR Submission Procedures offer an avenue to correct their non-compliance.

Your Path to Compliance: Partner with the Tax Law Offices of David W. Klasing

The complexities of tax compliance and voluntary disclosures necessitate an expert guide. An experienced and reputable dual-licensed Tax Attorney and CPA is not just helpful but essential. An attorney safeguards your interests under the Attorney-Client Privilege and Work Product Privileges. This protection prevents your representative from being compelled to testify against you, especially if they did not prepare the returns that need to be amended. Additionally, only an attorney can legally initiate a noisy voluntary disclosure, thereby avoiding the unauthorized practice of law—a crime in itself. Our seasoned dual-licensed Attorneys and CPAs fully grasp the potential risks and rewards of voluntary disclosures. We ensure optimal protection even if you’re ineligible for voluntary disclosure.

How can the Tax Law Offices of David W. Klasing Help?

At the Tax Law Offices of David W. Klasing, we understand that each case is unique. Whether you’re facing challenges with quiet disclosures, noisy disclosures, streamlined procedures, or dealing with delinquent FBARs or international information returns, our team stands ready to offer comprehensive guidance and devise effective strategies tailored to your specific circumstances. We are committed to demystifying the process, identifying opportunities to mitigate your situation, and handling each step toward full compliance.

If a taxpayer who has unintentionally overlooked federal tax responsibilities—including non-filed domestic or international income tax and information returns coupled with affirmative evasion of payment—discloses these oversights through a domestic or offshore voluntary disclosure before the IRS initiates an audit or criminal tax investigation, it is possible to be successfully brought back into tax compliance without facing criminal tax prosecution. This preemptive move nearly guarantees immunity from criminal tax prosecution and often also provides a break on the civil penalties that would otherwise apply if the terms of the program are strictly complied with. Our team is indispensable in steering individuals and businesses through the complexities of addressing these issues ensuring a secure and compliant financial future.

Our team comprises uniquely qualified and extensively experienced Criminal Tax Defense Tax Attorneys & Kovel CPAs. We provide a comprehensive solution that protects your liberty and net worth while efficiently achieving optimal and predictable outcomes. Our client testimonials are evidence of our commitment to assisting clients through the maze of tax compliance.

How Convenient are the Scheduling and Travel Arrangements?

We value your time and aim to provide services as accessible and flexible as possible. David W. Klasing, an instrument-rated private pilot, and travels to client meetings using his Cirrus SR22, eliminating additional travel expenses. We also offer a half-day scheduling option, where David W. Klasing will personally visit any of our satellite offices without charging extra for travel.

Reaching out to us is straightforward. Complete our contact form, and we will respond promptly. If you encounter difficulties during the online booking, please call our office immediately at (800) 681-1295.

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