Greenback Expat Tax News: Short video explains how US expats can benefit from the Offshore Voluntary Disclosure Program….
— Greenback Expat Tax (@GreenbackTax) April 25, 2012
I request that you watch the video described in the above tweet from Greenback Expat Tax Services. Makes me wonder if U.S. citizens abroad have more reason to fear the “cross border professionals” than the IRS. Would be very interested in your comments.
They have posted the same video on YouTube:
If you agree with me, the next question is:
Is there anything the Isaac Brock Society can and should be doing to protect people from this kind of stuff? This video appears to suggest that jail time is likely for people who do NOT file past FBARs and and are caught by the IRS. If I am wrong, I stand corrected and apologize. It is suggested that the penalty outside of OVDI is the willfulness penalty and the jail time is a realistic possibility (for past failures to file FBARs). Furthermore, as usual they are suggesting that the only way to solve these problems is through OVDI.
If I am right in this interpretation, this is an outrage!
HOW WE GOT STARTED:
Greenback Expat Tax Services was founded by two London-based American MBAs who spent years being frustrated by how hard it was to get our US expat taxes done right. Our experience was that finding a CPA with good expat experience and good customer references was impossible. Our previous US CPA didn’t see enough expat returns to be fully up to speed with the rules as they applied to Americans living abroad. Our friends either had horror stories about expat accountants who quoted one fee upfront and then tacked on huge charges at the end of the process or avoided filing altogether because it was too complicated. And all the tax software simply didn’t have the muscle to handle even a simple expat return. So, we decided to do something about it!
We pride ourselves on having recruited the best expat accountants to our team: people who know all the ins and outs of expat rules and taxes, who are easy to work with and approachable, and who can translate the complicated tax code into something that makes sense to non-accountants. We bring that together with best-in-class systems that ensure all sensitive tax information is fully secure. Finally, we make our forms and paperwork as simple as they can be (beware: there is always some work involved!) which keeps the process as easy as possible for our customers. And we offer transparent pricing — one flat, fair fee for all federal returns, no surprises — guaranteed.
There is no mention of a connection with any lawyers.
Finally, if I am wrong in my interpretation, please explain why and this post should be removed.