Audits of High Net Worth Individuals

Seattle IRS Audit Lawyer

Individuals with assets valued at $10 million or more should proceed with great caution into audits, particularly IRS audits. The IRS has a team specifically focused on handling audits of high net worth individuals. This team is skilled at digging deep into financial affairs, scouring for offshore accounts, overseas business interests, foreign trusts, inheritances and any foreign asset that they believe could lead them to uncollected or evaded taxes.

The Bellevue, Washington, law firm of Lana Kurilova Rich PLLC provides audit representation to high net worth individuals in the Greater Seattle area, statewide and nationwide. Call us at (425) 289-0629 for an initial phone consultation with our Seattle IRS audit attorney. Remember that, whether or not you retain us after your call, the attorney-client privilege applies, which means that we cannot discuss your matter with anyone.

Protection From Our Washington Tax Evasion Defense Attorney During the Complex Audit Process

If you are a high net worth individual who has been notified about an IRS audit or a Washington State Department of Revenue audit, you have the right to know about the complex process that will take place. We will educate you about the thorough investigation that will be done, which will include a review of all your accounts and business ventures. The IRS now has much broader powers and ability to contact and work with the taxing agencies of foreign countries. Simply put, your information can be shared with the IRS by foreign financial institutions and tax agencies. Thus, you should not assume that your financial information is held in confidence in a foreign country or an offshore account. If you made the mistake of not disclosing all your reportable foreign income or other foreign assets, generally, there is a solution for you. It may not be perfect, and you will likely end up paying for your mistake, but doing nothing and being discovered by the IRS bears much worse consequences.

It is important that you disclose to us anything that could potentially be an issue. Your communications with us, including our staff members, are strictly confidential and protected by the attorney-client privilege. You can feel safe to be completely candid in your communications with us. Did a family member or friend deposit a significant amount of money into one of your accounts? Was a tax issue overlooked that you know of? Did you intentionally deposit some money into an offshore account thinking that it would be protected for the IRS? Do you have a safety deposit box in a foreign country with some valuable contents? We will need this information to protect you and minimize any consequences that could arise. Again, this information will remain privileged and confidential.

High net worth individuals, particularly those involved in international trade, face the risk of tax liens and having tax issues rise to the level of criminal charges in certain circumstances. In many cases, we are defending against much more than a bad audit. Our experience means we know how to defend you successfully.

To Prevent a Tax Lien, Call (425) 289-0629 for an Initial Phone Consultation With Our Bellevue, Washington, Law Firm

We invite you to contact us today by phone or by e-mail to discuss your case with our experienced Seattle, Washington, tax evasion defense lawyer. Find out how we can help.