Why Tax Help From a Pro is Your Best Defense Against Offshore Tax Evasion Charges

The NYTimes reported a recent case where a wealthy investor in Virginia pleaded guilty to tax evasion charges involving his undisclosed foreign funds. One thing that distinguishes this investor from the many taxpayers who have been prosecuted by the IRS for hiding funds abroad was that this investor’s money was not hid in UBS.

Indeed, the IRS is expanding its reach to other banks beyond UBS that are helping wealthy Americans hide their funds abroad. It should also be a warning sign to the wealthy Americans who have not yet disclosed their foreign funds to the IRS in order to save on their tax bill that the IRS is not done yet.

As the IRS expands its scope of investigation to banks beyond UBS, it may become more apparent that offshore tax evasion incidents are on the rise–or rather, the discoveries of these cases are growing every day.

For those of you who may not know, failure to report your Foreign Bank and Financial Accounts (FBAR) penalties can amount to as much as 200-300% of the asset value of the account. So if you have an unreported overseas bank account, you really need to get expert tax help as soon as possible to seek penalty abatement to reduce the impact of financial penalties and criminal implications.

Whatever the case may be, taxpayers need to be aware of their rights. Even if you had hid money from the IRS through international banks, you are still entitled to tax help from a professional tax attorney, CPA, or Certified Tax Resolution Specialist.

You can give your financial future a great shot by hiring one of the leading tax resolution experts in the nation to defend you. Tax Resolution Services’ Offshore Banking and FBAR Defense Division is headed by the nation’s leading offshore tax evasion defense experts. Don’t wait another day, get tax help today to be rid of your IRS problems!

Read the full NYTimes article on offshore tax evasion.

Call Tax Resolution Services today at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com for more tax help advice.

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