Years ago, the IRS had a hard time identifying individuals who were under-reporting, or not reporting, foreign income, or assets. But today the IRS has amassed a wealth of tools and data that allow it to identify US taxpayers who likely have not fully disclosed their overseas assets.
As a result, taxpayers today run a much higher risk of the IRS uncovering their current and past under-reporting. Remaining non-compliant is a high-risk gamble. The good news is that we can help you get back into compliance with the IRS through a variety of IRS amnesty programs.
Read more in our article, “How will the IRS ever know about your foreign assets or income?“
