Offshore Tax Evasion News: IRS Receives $387 million boost to Fund High Wealth Unit

Taxpayers with undisclosed money overseas need to get tax help now in order to defend against potential IRS offshore tax evasion charges.

Ever since the UBS deal in the summer of 2009, the IRS has been cracking down on overseas tax evaders–wealthy business owners, CEOs and CFOs of large multi-national corporations, and regular taxpayers who just happened to have funds overseas.

The IRS recently announced that it has already hired hundreds of new tax collection agents for its new “high wealth” unit. According to Forbes, this new high wealth unit will focus “on trusts, real estate investments, privately held companies and other business entities controlled by rich individuals.”

According to Forbes, “The U.S. House of Representatives on Thursday approved a $387 million boost for the IRS for the fiscal year that started October 1, in part to fund the high-wealth unit. The Senate is expected to vote on the measure on Sunday.”

With international offices are expanding in Panama City, Beijing, and Sydney, the IRS is gunning to crack down on international tax evaders in order to bring in more government revenue.

This IRS news is not to be taken lightly if you have funds overseas. You must ensure that your money is disclosed to the IRS in order to avoid severe penalties and even prison time. If you missed the October 15th amnesty deadline for voluntary disclosure, you can still get expert tax help from a tax attorney, CPA, or tax resolution specialist to resolve your IRS problems.

It is never a good idea to wait for the IRS to find you. Oftentimes, if you approach the IRS proactively with your tax situation, you will be able to settle an IRS penalty abatement. Otherwise, your financial future is at the mercy of the aggressive IRS agents. Don’t let that happen to you. Get tax help now.

Contact Tax Resolution Services to find out more about our tax help services. We have a special Offshore Tax Evasion Defense division that is here to help defend your case against the IRS. If you find yourself in IRS trouble and need a professional tax attorney, call us today at 1-866-477-7762 for a free tax resolution consultation or visit www.taxresolution.com

More Tax Help, IRS News and Tax Relief Tips:

  1. How to Get Tax Help with Your Offshore Bank Account if You Missed the FBAR Amnesty Deadline for IRS Voluntary Disclosure
  2. Tax Help Guide: How to Avoid an IRS Audit When Uncle Sam’s After You
  3. Tax Help Options For Overseas Tax Evasion as UBS Pushes For Swiss-US Deal
  4. IRS Relief News: 5 More Charged For UBS Tax Evasion
  5. UBS To Disclose Offshore Account Holders Details to IRS: Act NOW to Reduce Severe Penalties

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