Efforts to fight tax evasion have intensified greatly in recent years, but this does not mean that people still don't invest their money in foreign financial accounts. There are many legitimate reasons to invest in offshore financial institutions, but investing funds offshore is typically greeted with strong suspicion by taxing authorities.

A New Jersey tax law firm can provide representation to U.S. affiliated taxpayers who have offshore accounts held at foreign financial institutions or managed by foreign financial entities.  If you have an offshore account and you are not fully in compliance with all U.S. tax rules, including those requiring you to report your account and pay taxes on gains, there is a significant likelihood you will come under investigation if you are not being investigated already.