The Internal Revenue Service (IRS) is not just interested in income that is earned within the borders of the United States; the agency wants to know about foreign bank and brokerage accounts and reportable income from foreign sources.
Provisions of the Foreign Account Tax Compliance Act (FATCA) must be adhered to by some foreign companies and individuals with an interest in or control over certain foreign accounts — in some cases an individual with a certain percentage of ownership in a business can be held personally liable. Since a failure to comply can lead to severe civil penalties as well as criminal prosecution, it is essential to obtain the advice of a qualified tax attorney if you are uncertain about your responsibilities.
Extensive Experience With International Tax Matters
Janathan L. Allen, APC has extensive experience with international tax matters, including matters related to foreign bank accounts and FATCA. We provide solutions to an array of tax challenges. We can assist you by:
- Helping you clearly understand your tax liability
- Evaluating your assets and explaining your options for addressing pain points
- Representing you in resolving a tax controversy
The firm is based in the San Diego, California, area and serves clients located in the United States, Europe and Asia. Tax lawyer Janathan L. Allen and her staff welcome the opportunity to serve you.
Contact The Firm
Janathan L. Allen, APC can answer your questions. Contact us to arrange a free initial consultation.
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