Owe Back Taxes Overseas? Beware as IRS Targets Average Joes in Continuing Offshore Bank Sting
You don’t have to be a wealthy jet-setter to get caught in the IRS crosshairs - especially as they are aggressively going after million in back taxes from undisclosed fund in foreign bank accounts.
My associate Brian Compton is one of the nation’s leading offshore tax evasion defense experts. He was recently interviewed by Joe Mont for an article in The Street.com, Overseas Bank Sting Ensnares Average Joes. That’s right- NO ONE is safe from the IRS. You may have an offshore bank account anywhere (not just in Switzerland!) for Holocaust reparations, an overseas job, or perhaps you married a spouse from another country who has funds there. We spoke to someone who was a model and worked in Japan and Europe, and the funds were deposited in the local bank for convenience. Even if you have a timeshare or second home in Mexico and have a bank account to fund operating expenses, you could be a potential target.
As President of Tax Resolution Services, Co., Brian also heads up our firm’s specialized Offshore Banking & FBAR Defense Division. He personally oversees all our offshore tax evasion defense cases and works closely with our team of experts (tax attorneys, CPAs) to help our clients dobtain FBAR compliance and reduce severe IRS penalties.
If you think your offshore bank account may be a potential IRS target, it’s important to follow the IRS’ disclosure guidelines. It’s also important to amend your tax returns accurately. In addition to huge fines, filing a false tax return is punishable by up to three years in prison. Tax evasion carries a five-year sentence. Failure to file a report that gives details of a foreign bank’s name and the amount of an account holder’s assets is punishable by a 10-year sentence.
Our team of tax attorneys, tax resolution specialists and CPAs can help you mitigate the severe IRS penalties and criminal sanctions for offshore account holders. Don’t wait for IRS to come after you, we can help you resolve your IRS problems before it’s too late. Call us at 866-IRS-PROBLEMS (1-866-477-7762) or for a free consultation.
More Tax Help, IRS News and Tax Relief Tips:
- How to Get Tax Help with Your Offshore Bank Account if You Missed the FBAR Amnesty Deadline for IRS Voluntary Disclosure
- IRS Tax Help From Tax Expert: What Individuals and Businesses Need to Know to Avoid Tax Problems
Tags: Back Taxes, brian compton, irs offshore accounts, offshore bank accounts, offshore tax evasion, offshore tax evasion defense, overseas bank accounts, tax attorney
