We have represented U.S. Citizens, Green-Card Holders, U.S. Residents and other status individuals since 1976 in all forms of matters involving the U.S. Treasury and the Internal Revenue Service. We are licensed to practice and we do practice in U.S. Federal Tax Court. As you note from the above information, there has been extension of the application of FATCA, but eventually it is expected to apply to banks and other financial institutions and the reporting will look back to years 2013 and forward.
It is always best to come forward, with competent legal representation, and become tax compliant with the U.S. Treasury before the IRS or any U.S. Governmental Agency initiates the contact with you. If you are contacted first by the IRS or another U.S. Government Agency many valuable options available to you will simply no longer exist. Approaching the IRS must be a strategic and well-thought-out step that once made cannot be undone. For the last few years, we have been working with foreign banks with the focus of helping their customers who may have reporting requirements with the IRS. Our representation helps the bank as well as its customers to keep a healthy and long-term banking relationship.
If you believe that we may be of assistance to you, please contact us to become a client with the protection of attorney-client privacy and confidentiality.
Michael B. Nelson, Esq.