FBAR Examination & Offshore Disclosure
The US is one of the few countries that imposes tax on the worldwide income of its residents. US residents are required to file a Report of Foreign Bank and Financial Account (FBARs) if the aggregate account balance of the accounts exceed $10,000.
Navigating the US tax laws can be a daunting challenge. Let Pontius Tax Law, PLLC be your guide. We are experienced with complex federal, state and international reporting laws. We advise on the tax compliance for businesses and individuals. We frequently work with our clients’ accountants on technical issues.
Taxpayers fall out of tax filing compliance for a variety of reasons. Perhaps they are going through a difficult period of life and lack the time, energy or resources to file their tax returns. Other taxpayers do not file tax returns because they cannot afford to pay their taxes.