As a United States citizen, you must file a federal income tax return if you meet the minimum income requirements for your age and status brackets. If you have failed to file your tax return, it is important to take the steps necessary to achieve renewed compliance with the Internal Revenue Service (IRS) in order to avoid any penalties or potential prosecutor action.
If you have assets abroad, you must also comply with the overseas financial account reporting requirement. Failing to file a Foreign Bank Account Report and / or a Form 8938 could subject you to investigation for offshore tax evasion. At Milikowsky Tax Law, our team of skilled San Diego tax attorneys can help you initiate the process of voluntary disclosure and avoid prosecution from the IRS.
The IRS has developed a highly effective program for searching out and discovering non-filers. Utilizing the Information Returns Program (IRP), the IRS can detect tax-eligible citizens who do not file tax returns. This computer program enables the IRS to look at documents, such as W-2 wage statements and 1099 income reports, to garner information. If your tax return is discovered to be missing, the IRS will initiate what is called a taxpayer delinquency investigation to determine why you did not file.
The IRS typically does not pursue criminal prosecution for people who have failed to file their annual tax return, provided that they are initiating voluntary action before they learn of any pending criminal investigation. In fact, the IRS will honor a true effort to file and help you get back into the tax system. Whether you are a private citizen or a business, these steps are crucial. Criminal prosecution for tax evasion carries serious consequences. Our team of skilled San Diego tax lawyers can provide the knowledgeable legal counsel you need if you are the subject of an investigation or if you are unsure of whether or not you have met your tax obligations.
Tenacious Representation in San Diego and Abroad
At Milikowsky Tax Law, our team of experienced San Diego tax attorneys is dedicated to providing strategic legal counsel and tenacious representation to clients who face serious tax issues. Whether in San Diego or in our new location in Tel Aviv, Israel, our international law firm is committed to exceeding our clients' expectations.
Our IRS lawyers represent businesses and individuals in civil and criminal tax matters in both state and federal courts. With more than a decade of litigation, tax, and business experience, we have the insight and skills necessary to provide comprehensive legal counsel to all our clients.
Learn the options available to you to achieve compliance with the IRS and avoid prosecution. Contact Milikowsky Tax Law today to schedule your free initial consultation with our dedicated IRS lawyers.