What is offshore tax evasion? | Florida Tax Evasion Attorney
The IRS and US government are cracking down on individuals who are participating in offshore tax evasion. This includes secret bank accounts that earn money and aren’t reported on an individual’s tax return.
If you have a offshore accounts totaling over $10,000, you must report those accounts to the IRS every year. Failure to file that report every year is a felony and punishable by going to prison and paying civil penalties.
If you have unreported offshore bank accounts, an experienced Florida tax evasion attorney can help keep you out of jail. Call the Law Offices of Mark L. Horwitz before it’s too late.