OVDI Lawyer for Federal Tax Crimes
The need for an Offshore Voluntary Disclosure Initiative (OVDI) attorney has increased due to the IRS becoming increasingly aggressive in their pursuit of U.S. expats who may not be fully reporting their financial accounts and income derived from those accounts.
Foreign Accounts & Income Reporting Requirements
If you are an U.S. expat who is facing tax problems, you need to speak with an OVDI lawyer.
Difference between Tax Avoidance and Tax Evasion
Some examples of tax evasion:
- Failure to consistently worldwide income received by a U.S. Taxpayer;
- Failure to file Federal Income Tax returns which would result in the imposition of a tax liability;
- Repeated exclusion of investment income from foreign investments on the taxpayer’s income tax return;
- Using nominees or shell companies to avoid detection of the existence of Foreign Financial Accounts or Foreign Financial Assets and the reporting of income;
- Having stock in a closely held business held by a non-resident relative, nominee or other person in order to avoid detection and classification as a Controlled Foreign Corporation;
- Diverting foreign income and assets to a foreign non-profit corporation for purposes of avoiding detection by the IRS of the beneficial owner of the income and assets;
- Diverting income and assets to a foreign trust to avoid detection by the IRS;
- Deliberate failure to indicate the existence and location of the foreign account on schedule B of the taxpayer’s income tax return; and
- Repeated failure by a U.S. citizen or resident to file Form FinCen 114 with respect to accounts maintained in a foreign bank or institution with a balance greater than $10,000 at any one time during a tax year.
How the OVDI Program Works
The OVDI program provides two main benefits to its participants:
- For the majority of U.S. taxpayers, removal of the possibility of criminal prosecution for those that have engaged in tax evasion. This assumes the taxpayer makes a truthful, timely and complete cooperative voluntary disclosure of his or her worldwide income and Foreign Financial Accounts and Foreign Financial Assets, even where criminal tax acts were willfully committed.
- The opportunity to calculate, with a reasonable degree of certainty, the total cost of resolving all offshore tax issues for years in which the income was not reported and Foreign Financial Accounts or Foreign Financial Assets were not reported.
Hear from relieved
Taxpayers who trusted Verni Tax Law Around the World
Anthony was creative in helping me resolve some past issues in a way that they never became a problem so that is greatly appreciated and I feel confident I can now enjoy my retirement with peace of mind. Thanks for that.
Ken B.
I came to Anthony Verni with FBAR issues. I was not sure what to expect and felt that I was going to be put in a difficult position financially as well as legally. My fears were unfounded and I was very satisfied with his professionalism and the outcome of my case.
Douglas R.
Anthony’s help with Swift & Secure Systems Inc., CheckWare Workstations LLC and my personal taxes have been of great value. Since moving to Florida (and my Connecticut Accountant retiring) I have tried various other methods of keeping the accounting and taxes under control.
Phil Y
I would like to thank Anthony N. Verni. Mr. Verni has successfully represented us before the Internal Revenue Service. We had foreign bank accounts that we inadvertently didn’t report and we were subject to steep penalties. As a result his efforts, the FBAR penalties were waived by the IRS.
Thank You
Yassin and Eva, B.
EXPAT solution for delayed US tax / FBAR issues
Anthony Verni helped us to file our delayed IRS tax returns and FBAR issues in a very professional way. We are very thankful for his help and guidance thru this nightmare of rules and are highly recommending his service.
Andrea
IRS FBAR and OVDI compliance representation expertise
As a long-term ex-pat US citizen living in Europe, I was surprised several years ago by an polite invitation from the IRS, via email, to consider filing FBARs, along with updated income tax returns. Although (or because) I am a university academic with specialization in comparative labor law, I quick…
Charles
Sound advice. High caliber work.
One of those people who were born by chance in the USA but never lived or worked there, in 2015 , I had no choice but to file returns with the IRS. For this purpose, fortunately, I found Mr Verni on the internet and entrusted him with the complex process involved in using the Streamlined Foreign Offs..Read more
Carlos
EXPAT solution for delayed US tax / FBAR issues
Anthony Verni helped us to file our delayed IRS tax returns and FBAR issues in a very professional way. We are very thankful for his help and guidance thru this nightmare of rules and are highly recommending his service.
Andrea
Verni’s professional services Review
Beside his inbepth knowledge of the law, Anthony will setup weekend appointments to accommodate his clients. I really appreciate that because otherwise I would have had to miss time, thus money from work.
Elder
Excellent service
Mr. Verni provided excellent service for my tax law matter and also income tax preparation. Highly recommended.
anonymous
Tax issues
Anthony Verni helped us resolve our tax issues. He guided us through the whole process and took care of the filings. He is extremely courteous and reassuring. He also explains the options available and advises what he thinks you should do.
anonymous
President
I have known and have had the pleasure of having Anthony Verni representing me on several projects over the last 20 years. I have always found him to be conscientious and diligent in working within my time restraints and goals. He has been dedicated and responsive in providing me with the the legal r..Read more
Frank Pirol
Offshore voluntary disclosure issues
Mr. Anthony Verni, your expertise and professionalism in handling my offshore voluntary disclosure case far exceeded my expectations. Thank you and appreciate for providing guidance, support and presenting the facts of my case. I simply could not have been more pleased with the process and outcome. ..Read more
Vikram Patel
The expat’s solution to US tax problems
I met Anthony after comparing advice and quotes from 5 different expat tax experts, all based in the U.S. I had an initial free telephone consult with Anthony about my issues with non-filing of Fbars for my foreign accounts investments. The other attorneys I contacted had advised me that the onl..Read more
Brian
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