If you are considering voluntary disclosure of offshore accounts to the IRS it is critical to learn as much as you can about the process and potential penalties you may face.  Voluntary disclosure of offshore accounts to the IRS should be taken very seriously. 

The IRS website provides a list of questions and answers regarding voluntary disclosure (http://www.irs.gov/newsroom/article/0,,id=210027,00.html).

It is important to consider the potential penalties IRS will impose when voluntary disclosure of offshore accounts is made.  This may include criminal and civil penalties. 

The IRS' Internal Revenue Manual  (IRM) provides a introduction to the potential penalties (http://www.irs.gov/irm/part20/irm_20-001-009.html) a taxpayer can face in failing to disclose offshore accounts. 

We have specialized knowledge and training and have worked with more than 80 clients to resolve offshore account issues.  If you have retained an attorney, we can assist him/her in obtaining your IRS records and understand what these records mean. 

You can call us for a free confidential consultation.  We understand how sensitive these issues are.

Call 1-800-447-6181 for a free consultation.