HSBC Offshore Account Holder recently pled guilty to false filing claims and agreed to pay a 50% penalty on her undisclosed account, valued at $8.3 million. Kevin E. Thorn believes that these recent indictments by the Department of Justice should encourage other U.S. taxpayers with undisclosed offshore accounts to come forward before the government opens an investigation into them.
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Posted in on April 21, 2011
Crackdown continues for offshore account holders failure to file FBAR's
Read MoreIRS to include asset forfeiture against taxpayers with offshore bank accounts and other international activities.
Read MorePosted in on April 18, 2011
HSBC offshore account holder to serve 3 years in prison. Beware!
Read MorePosted in on April 14, 2011
Internal Revenue Service given the right to serve a summons on HSBC USA.
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