Flott & Co. PC, a taxation law firm based in Arlington, VA, has revealed that they now offer Foreign Bank and Financial Accounts (FBAR) assistance to their clients. This is a vital element of taxation, and one that can lead to significant penalties if not completed properly. As experts in this field, the law firm is ready to ensure that people pay the right taxes at the right time.
Stephen P. Flott, co-founder of Flott & Co. PC, says: "FBAR is a report of foreign banks and financial accounts. If, at any time during a taxation year, more than $10,000 is held in any foreign account, an FBAR has to be completed. This is something many people struggle with, forget, or simply don't understand. We know how complex taxation law is, and I am ready to put my 35 years of experience to good use to make sure my clients get it right."
As an international tax attorney, Stephen P. Flott has worked with clients all over the world for the 35 years of his career. He is a true expert in his field, and many come to him as the authority source for information and help on all things relating to this kind of taxation. Not completing an FBAR, or any other forms relevant to foreign accounts, can incur heavy penalties, all of which are easy to avoid by simply taking the right actions.
"Our company assists in preparing and filing Form 114, providing you with all the details, and helping you respond to disputes," adds Stephen P. Flott. "This is because we represent businesses and individuals in their quest to manage their financial matters with the best tools available."
The FBAR regulations are some of the most complex to understand. Penalties are frequent and harsh, even if people can demonstrate that they lacked the necessary understanding or even genuinely didn't know that it applied to them. When it comes to international taxation, Flott & Co. PC wants to ensure people are no longer needlessly punished, ending up having to hand over even more of their income in order to pay for not just their taxes, but their fines as well.
Flott & Co. PC is a law firm with expertise in business, international commerce and tax, and United States citizenship issues.
2200 Wilson Boulevard, Suite 320
Arlington, VA 22201
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