International Tax Services of California (Bay Area)
International tax consulting for California residents with offshore investments
As an extension of our comprehensive IRS tax resolution services, we also specialize in proactive international tax consulting and resolution strategies for local bay-area taxpayers that own offshore assets of any kind. Today, having professional international tax advocacy is crucial due to the ever-changing, and increasingly strict international tax regulations mandated by the U.S. Government.
If you are a taxpayer in the local areas of Oakland or San Francisco, and you have concerns about your international tax status, Pure Tax Resolution has a team of international tax attorneys and enrolled agents ready to settle your tax issues, and offer sound international tax consulting for the life of your offshore investments.
FBAR & FATCA Filing Requirements
The most notable international tax regulations mandated by the U.S. Government are the FATCA (Foreign Account Tax Compliance Act) and FBAR (Report of Foreign Bank and Financial Accounts) programs. Each require California residents with offshore investments to provide transparent, and detailed records of their foreign assets, including values/gains of mutual funds, bank accounts, life insurance, or real estate commodities. These yearly reports must be submitted properly and on time from the taxpayer, and any foreign financial institution housing your assets.
FBAR and FATCA delinquency is a harsh reality, and with the regulations constantly evolving, more and more local taxpayers with offshore assets find themselves in the cross-hairs of hefty financial and criminal penalties from the Government and IRS:
- Substantial financial penalties deducted from your assets (based on percentage of asset values, and longevity of delinquency).
- Serious criminal charges for international tax delinquency identified as will-ful, or cases that go un-settled for an extended period of time.
Whether your international tax problems are deemed has purposeful or not, you are subject to the strict penalties involved with failing to comply with these programs.
We are available for your International Tax Compliance needs
Our team of international tax attorneys and specialists work with local California taxpayers with international tax issues, as well as taxpayers looking to invest offshore that need sound consulting to protect their future investments. We are a phone call away for a free consultation on all your international tax compliance needs. We will evaluate your case, and offer a personalized strategy that will keep your offshore assets safe. We offer free, confidential consultations, and up-front pricing for our services. Contact us today to speak directly with our President, Tim Halcomb. (510) 255-4661
The Pure Tax Resolution team of California