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Even though the IRS diligently tracks down tax fraud, some cases in Panorama City may slip through the cracks. If the actions were willful, it could take years for the IRS to discover fraud and seek reimbursement, along with potential civil fines and criminal tax charges. The IRS’s criminal investigation voluntary disclosure process allows those who have committed past tax crimes or made willful errors on old returns to get back into compliance without facing criminal prosecution and limits civil penalty exposure. The catch is you must voluntarily come forward before the IRS initiates an audit or criminal tax investigation.

At the Tax Law Offices of David W. Klasing, our skilled dual-licensed Voluntary Disclosure Attorneys and CPAs have decades of experience successfully guiding clients in Panorama City through the voluntary disclosure process, ensuring they avoid prosecution for tax crimes. We have never had a client who made a voluntary disclosure face prosecution for a tax crime. We’re committed to bringing you back into federal and California state tax compliance without having the harshest fines and penalties levied against you. Moreover, we can help you leverage the benefits of voluntary disclosure, even when full benefits might not be available. We aim to help you achieve substantial tax compliance by promptly addressing disclosure requirements, minimizing your risk exposure, and giving you the priceless peace of mind of knowing that you are in good standing with both the federal and California state tax authorities.

Protect Your International Investments and Minimize Penalties in Panorama City

If you have foreign investments, businesses, or accounts, our International Tax Attorneys in Panorama City will help you to understand and comply with the myriad of income tax and information reporting requirements to avoid potentially net worth-threatening civil and criminal penalties and to minimize worldwide income taxes legally. If you are already, or may soon become, in serious trouble with the IRS or CA, our International Tax Attorneys can fight the government’s claims, help clear your name, and improve your financial situation. Alternatively, if we can get out in front of your federal or California, domestic or offshore income tax or foreign reporting problems, we can utilize a full-blown Offshore Voluntary Disclosure (VDP) or streamlined offshore, or domestic voluntary disclosure to foreclose the risks of a future Federal or CA criminal tax prosecution and to minimize the potential civil penalties and interest that could apply.

Whether you have questions about personal or business tax compliance and voluntary disclosure at the federal level or are grappling with inter-state disputes with California, the award-winning tax dual-licensed Voluntary Disclosure Attorneys and CPAs at the Tax Law Office of David W. Klasing are here to provide you with clarity and guidance. Call (818) 935-6098 or schedule a reduced-rate initial consultation here at our Panorama City office or one of our other convenient locations across Southern California.

What Is Involved With Making An IRS Voluntary Disclosure Program?

Voluntary disclosure is an IRS policy that allows taxpayers to escape criminal tax prosecution, where they self-report what could be considered tax crimes before the service approaches them with enforcement action.  A Domestic Voluntary Disclosure is appropriate where purely domestic tax issues are involved. A Voluntary Disclosure may be more appropriate relief where fraudulent returns were signed during marriage as it guarantees a pass on criminal tax prosecution, and your ex-spouse has ample opportunity to attempt to refute your innocent spouse’s claim with proof of culpable criminal tax actions of the purported “innocent spouse.”  Things get more complicated where offshore income tax evasion may have occurred.

The IRS continues to offer various options and programs for voluntary disclosure, each with eligibility requirements and participant stipulations. Examples of still-operational programs and submission procedures for voluntary disclosure include the following:

• Delinquent FBAR submission procedures (pertaining to Foreign Bank Account Reporting)
• Delinquent international information return submission procedures
• IRS-Criminal Investigation (IRS-CI) Voluntary Disclosure Program
• Streamlined Filing Compliance Procedures

Our dual-licensed Panorama City International Tax Attorneys & CPAs have previously discussed these and similar programs in depth. Some are designed for taxpayers who are located overseas, while others are meant for taxpayers in the United States. For detailed information about these programs, please refer to the following articles:

• Foreign account reporting options for taxpayers who are ineligible for the OVDP – a category that now encompasses all taxpayers
• Alternatives to participating in the OVDP
• Domestic streamlined disclosure (for taxpayers living in the U.S.)
• Streamlined disclosure (for U.S. taxpayers residing outside the U.S.)

What Should I Know About California’s Voluntary Disclosure Program?

In addition to various federal programs that the IRS governs, California operates its own program, the California Voluntary Disclosure Program, through the Franchise Tax Board (FTB). This program may enable participants to avoid penalties arising from failure to file California income tax returns, file California information returns, pay California taxes, or maintain certain records. Furthermore, the California Department of Tax and Fee Administration (CDTFA) operates both in-state and out-of-state disclosure programs.

How Do I Apply for the IRS Criminal Voluntary Disclosure Program?

Before applying for the voluntary disclosure program, you should always contact an experienced dual-licensed Tax Attorney and CPA like us at the Tax Law Offices of David W. Klasing in Panorama City. We will review your situation to ensure you’re making the correct decision and not exposing yourself to unnecessary liability. Once we’ve presented all the facts to help you make an informed decision, if you choose to proceed with the voluntary disclosure process, we will assist in gathering and reconstructing the necessary books and records, filling out and submitting the required documents, and protecting your rights throughout the process to achieve a successful resolution.

The IRS describes the process in two parts. First, you must complete Part I of Form 14457, Voluntary Disclosure Practice Preclearance Request and Application, to request preclearance. Preclearance determines your eligibility for the program but does not guarantee acceptance. Once this form has been submitted and received by the IRS, your Tax Attorney can reach out to the agency to gauge their view of your application and the expected length and complexity of the process. If the agency believes you qualify and there is no open criminal tax investigation, audit, or examination into the conduct you disclosed, they will grant preliminary approval, after which you will be asked to complete Part II of the Preclearance Request and Application.

The IRS Office of Criminal Investigations will review your submission and determine whether you can be accepted into the program. If approved, you will receive a preliminary acceptance letter stating that your matter is being transferred from CI to a civil section of the IRS. You will then be contacted by an IRS examiner who will work with you through the remainder of the process. Our veteran Voluntary Disclosure Attorneys at the Tax Law Offices of David W. Klasing will work with the examiner to minimize your civil damages and secure the best possible terms for repaying taxes and civil fines that will likely be assessed. Once you have completed the program and paid what you owe, you will be free from the threat of criminal tax prosecution for the disclosed tax fraud. However, the IRS will likely monitor your returns closely for a while, so it is essential to ensure they are complete and accurate to avoid further liability and ensure continued compliance.

Get Back into Tax Compliance without Facing Criminal Tax Prosecution in Panorama City

Our dual-licensed Panorama City Voluntary Disclosure Attorneys and CPAs offer experienced guidance through the IRS Voluntary Disclosure Practice (VDP). This program is crucial for individuals in Panorama City who have willfully understated their Federal tax liabilities. It provides a systematic and secure avenue to rectify their tax status while avoiding criminal tax prosecution. Similarly, the State of California’s Franchise Tax Board (FTB) and the California Department of Tax and Fee Administration (CDTFA) provide methods for non-compliant taxpayers in Panorama City to regain compliant status by coming forward with the details of their failure to comply with the California state tax code. The path to voluntary disclosure to the FTB depends on whether you are an in-state or out-of-state filer. We are dedicated to assisting in making sincere, comprehensive, and timely disclosures to the IRS and California state tax authorities, which includes arranging for the payment of owed taxes, interest, and penalties and cooperating with the tax agencies to determine the correct tax liability.

As of April 15, 2024, the DOJ’s Voluntary Self-Disclosure (VSD) Pilot Program, is designed to encourage individuals to disclose corporate misconduct. Under this program, those who voluntarily provide original, truthful information before any government inquiry can potentially receive a Non-Prosecution Agreement (NPA). Also, in response to recent changes, the new Department of Justice Tax Division’s Voluntary Disclosure Policy encourages entities, including partnerships, government entities, and unincorporated associations in Panorama City, to make voluntary disclosures to the Tax Division, even if they believe the government may already be aware of the misconduct.

Our dual-licensed Panorama City Voluntary Disclosure Attorneys and CPAs skillfully navigate the complexities of various federal and California state voluntary disclosures, including domestic, offshore, CDTFA, and FTB voluntary disclosures, streamlined procedures, and delinquent FBAR and international information return submission procedures. As long as a taxpayer in our around Panorama City who 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 federal 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.

Contact Us at Our Panorama City Office or One of Our Other Convenient Locations Across Southern California

Our local office on Roscoe Boulevard enables us to provide personalized, easily accessible services to our clients, including those residing in Van Nuys, North Hills, North Ridge, North Hollywood, Burbank, and other neighborhoods in the San Fernando Valley. This local presence is especially beneficial during in-person scenarios such as IRS field or office audits. Call (818) 935-6098 or schedule a reduced-rate initial consultation here at our Panorama City office or one of our other convenient locations across Southern California.

Our Panorama City Office is Conveniently Located at:

14500 Roscoe Blvd 4th floor,

Panorama City, CA 91402

(818) 935-6098