U.S. persons who have not been compliant with tax or foreign asset disclosure filing risk significant exposure to civil and criminal penalties. This is evidenced through recent laws such as Foreign Account Tax Compliance Act (FATCA) and the rise in international information-sharing agreements between the U.S. and foreign governments providing U.S. person’s foreign income and account information to the IRS.
While legal advice should be sought from a U.S. tax attorney, Lodder CPA assists you in determining appropriate filing programs and provides U.S. tax preparation services under these programs. These filing programs include: