New Address: Chisholm Law Group, LLC – 4550 Montgomery Avenue – Suite 900N – Bethesda – Maryland 20814

Chisholm Law Group, LLC

Schedule Your Consultation: 844-991-1392

Chisholm Law Group, LLC
Schedule Your Consultation
Our Attorneys Protect Our Clients’ Finances And Assets Throughout Their Estate Planning And Tax Law Issues

Offshore Tax Compliance Services

Helping You Navigate Offshore Tax Laws with Clarity and Confidence

Navigating offshore tax rules can feel overwhelming — but it doesn’t have to be. At Chisholm Law Group, LLC, we help individuals and families understand their obligations, protect their assets, and achieve full tax compliance, no matter where their accounts or investments are located.

If you have offshore bank accounts, foreign investments, or own property abroad, U.S. tax laws require you to report them properly. We’re here to guide you through the complex rules and offer practical, affordable solutions.

Our Offshore Compliance Services:

We offer comprehensive assistance for all areas of offshore tax compliance, including:

  • Foreign Bank Account Reporting (FBAR): Helping you correctly file annual FBARs if you hold financial interests in or have signature authority over foreign accounts with aggregate values exceeding $10,000 on any day during a calendar year.
  • Filing Under the Streamlined Compliance Procedures: If your failure to report foreign accounts was non-willful, you may qualify for a simplified and less punitive disclosure process. We assist with preparing streamlined submissions for both U.S. residents and non-residents.
  • Foreign Account Tax Compliance Act (FATCA) Compliance: Helping you meet reporting obligations under FATCA — which requires disclosure of foreign financial assets to the IRS if they exceed certain thresholds.
  • Filing Delinquent International Information Returns: Guiding you through properly filing missed forms such as Forms 8938, 5471, 8865, and 3520 without triggering unnecessary penalties.
  • Voluntary Disclosure Options: If you are concerned about potential penalties or criminal exposure, we can advise on voluntary disclosure strategies to protect you while coming into compliance.
  • Foreign Trusts, Companies, and Gifts Compliance: Helping you correctly report ownership interests or gifts involving foreign entities under complex IRS rules.
  • Penalty Relief Requests: Where appropriate, we advocate for penalty abatement, arguing reasonable cause for late or incorrect filings.

What is FATCA?

The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, was designed to combat offshore tax evasion.

Under FATCA:

  • U.S. taxpayers must report certain foreign financial accounts and assets on Form 8938 if their total value exceeds reporting thresholds (starting at $50,000 for individuals, with higher limits for joint filers and residents abroad).
  • Foreign financial institutions are also required to report information about accounts held by U.S. persons directly to the IRS.

Failing to comply with FATCA can result in significant penalties. At Chisholm Law Group, LLC, we help you understand whether FATCA applies to you — and make sure your filings are accurate and up-to-date.

Streamlined Compliance Procedures

If you accidentally failed to report offshore accounts but were non-willful — meaning you did not intentionally hide assets or fail to report income — you may qualify for the IRS’s Streamlined Compliance Procedures.

Benefits of the Streamlined Procedures:

  • Lower penalties (or no penalties for certain overseas taxpayers).
  • No threat of criminal prosecution.
  • A faster path to getting back into compliance with the law.

We assist with:

  • Reviewing your offshore account history.
  • Preparing required amendments to prior tax returns and FBARs.
  • Submitting certifications of non-willfulness to the IRS.
  • Our goal is to make the process clear, respectful, and efficient.

Why Work With Us?

  • Clear Advice: We break down complex rules into understandable steps.
  • Personalized Plans: Every client’s situation is different — we tailor solutions to your specific needs.
  • Transparent Fees: No hidden costs or surprise charges.
  • We’re Here to Support You: We listen, we understand, and we’re ready to help you move forward.

Take Control of Your Offshore Tax Compliance Today

Offshore accounts don’t have to mean offshore problems. With the right guidance, you can take control, minimize penalties, and protect your future.

Contact Chisholm Law Group, LLC today and start your path to peace of mind. Call us at 844-991-1392 or book a confidential consultation online today.