Teig Lawrence PA
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Offshore Disclosures and Tax Compliance
- HoursCLOSED NOW
- Regular Hours:
Mon - Fri Sat - Sun Closed - Category
- Tax Attorneys
- Payment Options
- Location
- 4770 Biscayne Bldg
General Info
FATCA & Foreign Account Solutions Have you received a letter from your foreign bank requesting that you complete a Form W-9? If so, your foreign bank is preparing to forward your account information to the IRS to comply with the Foreign Account Tax Compliance Act ("FATCA"). In short, our law firm provides solutions for non-compliant foreign accounts. If you have a foreign account that will be reported to the IRS under FATCA in 2016, it is important that you get back into compliance before your foreign account is reported to the IRS. Self-reporting before the IRS obtains information about your foreign account gives you strategic options for resolving your non-compliance. The IRS is currently offering a Streamlined Program for resolving non-compliant accounts. Under the Streamlined Program, certain participants residing abroad may pay NO PENALTY while others residing in the U.S. receive a NOMINAL PENALTY. Our law firm has been keeping you informed of the latest Foreign Account Tax Compliance Act ("FATCA") news since 2011. We have been providing solutions for non-compliant foreign accounts for more than a decade. We represent clients who reside inside and outside of the U.S. Face-to-face meetings are NOT required. For a free telephone consultation, please call Teig at 305-576-4242.