We have been working with a client who had foreign assets that we brought into IRS compliance. We helped the client with complicated tax issues involving foreign income, foreign assets, foreign corporations and domestic divorce. This week, we learned that all issues were answered to the IRS’ satisfaction and the three-year ordeal is heading toward closure. When I advised the client that the matter was almost over, he sent me the following email (and allowed us to post it):
I cannot tell you how happy I am to hear the news. I want to truly thank you, Ken and Shane for all of the excellent counsel you have provided through this ordeal. If I can ever serve as a recommendation for a potential client, it will be my great pleasure to do so. You were all patient, professional, and caring through this very frightening process. Thank you for navigating me through this very frightening event.
We are very pleased to have assisted these clients. They are now in IRS compliance, are very relieved and can move forward with their lives.
The IRS Offshore Voluntary Disclosure Program closes on September 28, 2018. There is still a window to come into compliance before the OVDP closes in six months. Please contact us to discuss your offshore issues.