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Capital Gains Tax — FBAR filing for offshore accounts

Started by desperate_business_owner_2023 · Aug 6, 2024 · 2,546 views · 12 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
DB
desperate_business_owner_2023 OP

Looking for advice on a legal issue. Here's what happened.

FBAR filing for offshore accounts. I've been dealing with this for about 11 months now and the situation isn't improving.

I have already done some research online but got conflicting advice.

Should I hire a lawyer for this or try to handle it myself?

TC
throwaway_contractor_IL

NAL, but from what I've read, you should file a complaint. That said, definitely get a lawyer to look at the specifics.

WD
worried_dev_2026

Have you tried reaching out to your state's bar association? They sometimes have free resources or mediation services.

AW
anon_worker_OH

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

TL
Mod_TermsLaw Moderator

I practice in this area. Here's my take on the legal issues.

Based on what you've described, you likely have a viable claim under the relevant statute. The standard is whether a reasonable person would find the conduct actionable.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

JC
just_curious_worker_IL

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

PJ
Paralegal_Jen

I've dealt with this before.

What worked for me was having everything documented. It took 3-6 months but was worth it.

NI
newbie_investor_TX

Have you tried reaching out to your state's legal aid society? They sometimes have free resources or mediation services.

RL
RetiredLawyer_FL

Not a lawyer, but I have direct experience with this.

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

AR
anon_renter_2024

Have you tried reaching out to your state's bar association? They sometimes have free resources or mediation services.

CF
confused_freelancer_FL

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

WC
worried_creator_today

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

FE
frustrated_employee_2024

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

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