Delinquent returns are often more closely examined and scrutinized by the IRS; filing one requires an extra level of care and accuracy. When filing delinquent tax returns, it is important to move quickly and correctly while following IRS guidelines for “voluntary compliance.”
If you've failed to file your tax returns, under-reported your income or knowingly claimed excess deductions, you may find yourself facing a criminal tax investigation. Without legal aid, criminal tax avoidance and tax fraud have the potential to result in a criminal indictment and incarceration.
The Offshore Voluntary Disclosure Program (OVDP) is a relief program specifically designed for taxpayers with exposure to potential criminal liability and/or substantial civil penalties, caused by willful failure to report foreign financial assets and pay all pertinent tax due.
Our objective is to always resolve tax issues quickly, efficiently and, if possible, without litigation. When necessary, our clients deal regularly with the IRS, the Treasury, the Department of Justice, and state tax authorities to negotiate satisfactory resolutions for a variety of tax issues.
Failure to pay employment taxes to the IRS can result in imposition of the trust fund recovery penalty. As a result the IRS can assess and attach the personal assets of the business’s owner, and of those involved in managing the business, for the penalty.