Verni Tax Law

About Verni Tax Law — Tax Law Fort Lauderdale Florida

Verni Tax Law is a Fort Lauderdale-based boutique practice focused entirely on international tax law Fort Lauderdale matters — specifically FBAR compliance, FATCA reporting, and IRS penalty resolution for US taxpayers with foreign financial accounts. The firm brings a rare dual credential: Attorney Verni is both a licensed attorney and a CPA, which means clients get legal representation and sophisticated tax analysis in a single engagement. The firm serves clients in South Florida, the greater NYC and New Jersey markets, and US expats living abroad. Find other Fort Lauderdale attorneys at the Fort Lauderdale attorney directory.

Broward County has a large international population and significant cross-border financial activity, which generates a steady stream of FBAR and FATCA issues for individuals who hold foreign accounts above the $10,000 reporting threshold. Verni Tax Law handles penalty abatement, delinquent filing procedures, and IRS examination representation — often resolving matters before they escalate to criminal referral.

What Clients Say

Clients highlight the firm’s specialized knowledge of international tax compliance as its defining strength. Reviewers note that Verni explains complex IRS reporting requirements in clear terms, responds quickly to questions about penalty exposure, and develops practical strategies for clients who have fallen behind on FBAR filings without realizing it.

Tax Law Fort Lauderdale — Practice Areas & Services

• FBAR Compliance & Penalty Removal: Representing taxpayers with late or unfiled FBAR reports under the IRS delinquent submission procedures to avoid or reduce non-willful penalties.
• FATCA Representation: Advising on Form 8938 filing requirements and responding to IRS correspondence related to FATCA reporting failures.
• IRS Examination Defense: Representing Fort Lauderdale and South Florida clients during IRS audits and examinations involving foreign account disclosure issues.
• Expat Tax Compliance: Annual compliance strategies for US citizens living abroad who hold foreign bank accounts, investments, or business interests.
• Offshore Voluntary Disclosure: Structuring voluntary disclosure submissions for clients with unreported foreign income and accounts.

Frequently Asked Questions

What is an FBAR and who must file one?

FBAR stands for Report of Foreign Bank and Financial Accounts (FinCEN Form 114). Any US person — citizen, green card holder, or resident alien — who has a financial interest in or signature authority over foreign accounts totaling more than $10,000 at any point during the calendar year must file an FBAR by April 15, with an automatic extension to October 15. Missing the deadline triggers potential civil penalties even if taxes were paid correctly.

How large are FBAR penalties in 2025 and 2026?

Non-willful FBAR violations can result in penalties up to $16,536 per year, per account. Willful violations carry penalties of the greater of $165,353 or 50% of the account balance — and can lead to criminal prosecution. However, the IRS Delinquent FBAR Submission Procedures allow taxpayers who properly reported income to file late FBARs without penalty, provided the IRS has not already contacted them.

What is the difference between FBAR and FATCA reporting?

FBAR is filed with the Treasury Department (FinCEN) and covers any US person with foreign accounts exceeding $10,000. FATCA reporting (Form 8938) is filed with the IRS as part of your tax return and applies to higher thresholds — $50,000 for single filers living in the US, higher for married couples and expats. Both may apply to the same taxpayer; failing to file either carries separate penalties. FATCA also requires foreign financial institutions to report US account holders to the IRS directly.