Alexandria Streamlined Foreign Offshore Procedure Lawyer

Claire Sanderson

John and his team were very professional and responded to my questions and provided guidance quickly.

Prince Mampouya

I had an exceptional experience working with John Pontius and his team. Within minutes of submitting a consultation request through their website, I received a feedback from Gigi (Executive Assistant) at his office for a seamless preliminary intake. The following day, I spoke directly with John, who was not only incredibly friendly but also remarkably knowledgeable. He broke down a complex situation into clear, actionable options and thoroughly answered every single question I had. If you need expert guidance and prompt, high-touch service, I highly recommend John Pontius.

Alex Kaufman

Incredibly helpful and easy to get a free consult. Recommend

South Carolina Ave

We had a very positive experience working with Pontius Tax Law. John and his team were very knowledgeable, responsive, courteous and professional. I would definitely recommend them.

KER

I called John frantically after discovering an error on my taxes that spanned a few years. He called me back and was patient, kind, and exceptionally competent in helping me fix my situation, as was Dana on his team. I’m deeply grateful for their help and would not hesitate to recommend them for any sort of tax issue. Thank you again!

walt winston

I would highly recommend Pontius Tax Law for anyone navigating complex tax issues. From the very first consultation, it was clear that I was in the hands of true professionals who actually care. In fact, they actually care—and that makes all the difference when you are dealing with the stress of tax law. I would especially like to thank Dana. She was absolutely instrumental in managing my case. Dana is incredibly diligent, responsive, and possesses a deep understanding of the internal workings of the IRS. She kept me informed and managed each step of the process with total professionalism. What I appreciated most was how she patiently awaited my responses and the various documents she required. Because of my disability, my responsiveness was sometimes delayed, but Dana remained patient and accommodating throughout. I want to thank both Dana and John tremendously. They are worth every penny, not only for the peace of mind they provide but for their actual accomplishments in what is a very high-stakes process. Sincerely, Walt Winston

Mike M

Called after hours and was meeting with John and his team the next morning! Very professional group who's value to me was evident right away!

Mark Crick

Dealing with an issue from the IRS seemed like an overwhelming and impossible task until I was recommended to Pontius Tax Attorneys. They took me through my options without judging my situation, and worked out a plan that made sense for my family. Sarah was amazing!

Alexa Addison

John was incredibly helpful and informed. Within 5 minutes of requesting a consultation, I received a call from his office for a preliminary conversation. On the same day, I was able to speak with John Pontius who was super friendly. He was knowledgeable, clear, and incredibly helpful in breaking down my options. He answered every question thoroughly and made a complicated situation much easier to understand. Highly recommend.

James Levine

I must say it was a pleasure and delight to work with the firm. I was dealt with in a highly efficient manner by the paralegal team, and then I met with the senior partner. I have to say I was treated with absolute consideration for a difficult situation and with kindness and respect The charge structure is entirely appropriate for the level of skill. Highest recommendation

U.S. taxpayers living abroad are required to disclose their assets to the IRS and may owe U.S. tax on it. If you have failed to report offshore assets, there are several options to bring yourself into compliance. One method is called the Streamlined Foreign Offshore Procedure.

Contact an offshore disclosure attorney at Pontius Tax Law, PLLC for help resolving tax controversies. Our Alexandria streamlined foreign offshore procedure lawyer, and team of former Revenue Officers and Enrolled Agents, have first-hand experience navigating complex tax law issues. We can help you efficiently resolve your tax issues regarding foreign-held financial assets.

U.S. Taxpayers Must Disclose Foreign Assets

If you are a U.S. citizen or permanent resident, you must report your worldwide income to the IRS every year, even if you live outside the country. Additionally, if any foreign bank account has a balance of $10,000 or more at any time in the reporting year, you must file a Report of Foreign Bank and Financial Account (FBAR) for that tax year.

Many U.S. taxpayers are unaware of these rules and may fail to file tax returns when living abroad. Alternatively, sometimes U.S. taxpayers file returns timely but do not properly report their foreign assets. Either of these errors could lead to IRS enforcement action, but our Alexandria attorney could help you resolve the matter through the use of the streamlined foreign offshore procedures.

Who Can Use the Streamlined Procedure?

Only individual taxpayers and the estates of individuals can use the streamlined procedures. However, you cannot use this method to come into compliance if you are currently being audited. The option is not available for businesses.

The streamlined procedures allow individuals and estates to disclose previously unreported assets held offshore and file delinquent or amended tax returns concerning these assets. If you owe tax on these assets, you can pay the delinquent tax through this process.

Using the streamlined foreign offshore procedure requires you to certify that your non-compliance was not willful. The IRS considers conduct non-willful if it is the result of a mistake or a good-faith misunderstanding of the legal requirements. If you believe the IRS may consider your non-compliance with foreign asset disclosure laws willful, speak with our Alexandria attorney about other procedures that may be available to you.

How the Streamlined Foreign Offshore Process Works

You can use the foreign streamlined offshore procedures if you meet the substantial presence test. This means you must have spent no more than 31 days in the U.S. during the current tax year and no more than 183 days in the country over the preceding two years. Not every day that you were present in the U.S. over the three-year period will count, so it is best to work with an Alexandria attorney to determine whether you qualify to use the foreign streamlined offshore procedure.

The foreign offshore procedures require you to file delinquent or amended returns for the past three years and file FBARs for the preceding six years. You will not be subject to penalties unless the IRS later determines the non-compliance was willful.

Speak With an Alexandria Attorney About Participating in the Streamlined Offshore Procedure

If you have failed to properly report foreign financial assets or file tax returns while living abroad, you risk substantial penalties. Speak to an Alexandria streamlined foreign offshore procedures lawyer about resolving any delinquent tax returns or defective disclosures. Contact Pontius Tax Law, PLLC today to get started resolving your tax issues.