If you “intentionally” or “voluntarily” failed to disclose foreign accounts, you can face not only fines but also criminal tax prosecution that includes a prison sentence. Applying for entry into the offshore voluntary disclosure program can fix unreported foreign accounts and unreported foreign income and protect you from prosecution -- But time is of the essence.
The Offshore Voluntary Disclosure Program will provide taxpayers with protection from prosecution. However, filing for OVDP is highly strategic and mistakes must be avoided.
The lawyers and accountants of The Tax Law Offices of David W. Klasing approach every matter with the utmost of care. We understand that all situations are unique and we work to leverage and account for these elements.
OVDP provides a pathway to come back into compliance with the U.S. Tax Code. Put your anxiety to rest and take the first step toward correcting your undisclosed foreign accounts.
In October 2012, after reading about the 2012 Offshore Voluntary Disclosure Program in a travel magazine, I rushed to Attorney Klasing's office in what can only be described as a blind panic, wondering if I was out of compliance, and fearing the worst -- draconian fines and/or jail time. During my initial appointment, Attorney Klasing calmed me down by clarifying the 2012 Offshore Voluntary Disclosure Program, explaining what my options were, and letting me know how much the total fee would likely be if he took on my case. I can only describe myself as being totally distraught, depressed, anxious, and completely overwhelmed. However, throughout it all, Attorney Klasing and his office staff provided me with supportive reassurance. My case was handled with the utmost professionalism. Office staff were efficient, patient, and compassionate, and provided a superb level of professional expertise. Phone calls and e-mails were always responded to in a timely manner. I was never left to wonder how my case was progressing or if it was being handled properly. Happily, in February 2014, my OVDI case was closed much to my satisfaction.I consider myself lucky to have found Attorney Klasing and his staff who made a stressful and frightening experience manageable with their kindness and competence. I can therefore recommend Attorney Klasing and his staff without hesitation, and although I choose to remain anonymous for professional reasons, I will be happy to talk to anyone regarding my experiences. He has my permission to release my phone number to you upon request.