IRS Continues To Dig Deeper Into Undisclosed Offshore Accounts!
Posted in Offshore Account Update on October 29, 2010 | Share
The IRS has recently increased staffing in preparation for what IRS Commissioner Douglas Shulman predicted will be the next wave of offshore enforcement. Over the last year, the Criminal Investigation division has doubled its number of overseas attachés to include offices in Beijing, Hong Kong, and Panama.
CI (Criminal Investigations) is focused on "international compliance." They are attempting to get the banks to cooperate, and find those taxpayers who think that they're going to stay off the radar.
Just recently, Senior IRS officials have been quoted, "If taxpayers still think the IRS lacks sufficient resources to find them they are mistaken."
Therefore, taxpayers be aware, the investigations will continue and can only get more intensive. If anyone out there has an undisclosed account, it is not too late to file a voluntary disclosure!
If you have an undisclosed offshore account contact Thorn Law Group today. Immediate action and experienced tax law representation is needed to voluntarily disclose your account in order to avoid criminal prosecution.