What is OFAC Voluntary Self-Disclosure?

Disclaimer: Iran OFAC license data below is for general information, not legal advice.

Zaher Fallahi, Iran OFAC License Attorney, CPA, assists Iran OFAC license clients with obtaining Iran OFAC licenses, money transfer from Iran pursuant to Iran OFAC License, taxation of Iran OFAC license transactions, Iran OFAC license problems with OFAC, Iran OFAC license Voluntary-Self Disclosure, IRS Audit, Cryptocurrency Tax, and Foreign Gifts. Consultation is available via toll free 1-(877) 687-7558.

Harvard Law School

Zaher Fallahi, Iran OFAC License Attorney, CPA, has completed “Negotiation and Leadership”, and “Leveraging the Power of Emotions as You Negotiate” Certificate Programs at Harvard Law School.

What is OFAC Voluntary Self-Disclosure (“VSD”)?

OFAC Voluntary Self-Disclosure (VSD) refers to a person’s voluntary reporting of his or her OFAC violation. Generally, VSD, preferably in consultation with an OFAC attorney, substantially mitigates potential OFAC penalties and almost guarantees no criminal prosecution referrals. This is also true with respect to unreported foreign bank accounts with cumulative balances greater than $10,000, and voluntarily filing the required Foreign Bank Account Reporting (FBAR) in consultation with an international tax attorney. Because the long-standing policy of the U.S. Treasury encourages voluntary disclosures. The following are examples of situations where you need to enter Iran OFAC license VSD:

(1) Having a bank account or brokerage account in Iran with potential OFAC and FBAR violations;

(2) Engaging in a self-employment business in Iran with potential OFAC, FBAR and regular tax filing violations;

(3) Being employed in Iran; except for U.N. related organizations with violations like items 1 and 2 above; and,

(4) Hiring counsel in Iran for legal services without Iran OFAC specific license; and,

(5) Conducting other business activities such as farming or manufacturing in Iran.

Important: Because Iran OFAC license VSD may entail violation of the U.S. International Tax Laws, entering Iran OFAC license VSD should be coordinated between your Iran OFAC Attorney and an International Tax Attorney with expertise in Report of Foreign Bank and Financial Accounts (FBAR), Foreign Account Tax Compliance Act (FATCA) and IRS Voluntary Disclosure Practice (VDP).

Zaher Fallahi, Iran OFAC License Attorney, CPA

Zaher Fallahi, Iran OFAC license attorney, CPA, assists Iran OFAC license clients with obtaining Iran OFAC licenses, Iran OFAC license violations, Iran OFAC license related money transfers according to Iran OFAC License Regulations, and Iran OFAC license transactions taxation, and Foreign Gifts. Nationwide Consultations are available via toll free 1-(877) 687-7558, (310) 719-1040, (714) 546-4272, and email taxattorney@zfcpa.com

Eric B

23:23 21 Nov 22

Mr. Fallahi handled filing my foreign inheritance tax return and FBAR international tax filings. He was unassuming, thorough, and responsive. He was available via text, email or call, daytime hours and after hours, weekdays and weekends. He made himself available to my schedule and went above and beyond to ensure my peace of mind. It was a pleasure working with him and someone I highly recommend.

Alireza Modafe

02:57 14 Nov 22

I have known Mr. Fallahi for more than five years and have been using his legal expertise for several tax and OFAC related cases. I have been very happy with his advice and the outcome of those cases. He is an excellent attorney and CPA, very professional, responsive, and caring. He goes above and beyond to ensure your peace of mind. I highly recommend him.

Araz bk

00:28 10 Nov 22

We hired Mr. Fallahi for an international money transfer matter that required OFAC compliance. Mr. Fallahi was very knowledgeable about the matter and knew all the legal nuances pertaining to the money transfer regulations. He is very kind and responsive and answered all of our questions during consultation session and after it. I definitely recommend him to any one that needs legal help in the similar cases.

Vahid Emadi

15:46 26 Oct 22

Mr Fallahi was a great help to me and my family. He is a very knowledgeable lawyer and knows the ups and down of the law about our case. He gave us an step by step direction and made this a very easy process.I have to mention that his staff in Costa Mesa were always polite and helpful.

Elizabeth Jaleh Raissi

10:50 18 Aug 22

Mr. Zaher went above and beyond for me. His fees are comparable to other attorneys in the field. Nothing extravagant. In addition I received a personal attention I did not from other attorneys I've worked with. He made himself available when he was out of the office and worked diligently to meet a crucial deadline for me even as a first time customer. I am happy to have found an attorney such as Mr. Zaher.