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Category: Offshore Account Update - Page 27
If you have offshore accounts and you failed to comply with requirements to report those accounts, you should talk with a Washington DC tax attorney as soon as possible. The U.S. government has been aggressively cracking down on offshore investors, as well as on banks that cater to U.S. account holders. Many banks have turned over information on accountholders in exchange for avoiding prosecution for their parts in facilitating tax evasion, which means the IRS has information about a substantial number of offshore accounts – and you could be one of them.Read More
The Department of Justice and U.S. taxing authorities have been very aggressive in recent years in fighting the problem of offshore tax evasion. U.S. authorities have gone far beyond just investing foreign financial accounts and investments and are investigating a wide variety of tax-reduction techniques, including the use of insurance wrappers.Read More
Your Offshore Tax Haven Has Been Revealed: What’s Your Best Course of Action?
Offshore Account UpdatePosted in on July 31, 2017
Throughout the world, countries have been cracking down on tax evaders. The United States and Canada are among the countries that have aggressively pursued cases against banks that facilitated tax evasion and against individual investors who evaded their tax obligations by keeping undeclared funds offshore.
Read MoreIRS Launches Campaign to Address OVDP Withdrawals, Denials
Offshore Account UpdatePosted in on May 31, 2017