Archive by Month: August 2018

$380 Million Spent By The IRS Yields Limited Results While Fighting Offshore Tax Dodgers

Offshore Account Update

Posted in on August 31, 2018

The Internal Revenue Service has been trying a number of tactics in recent years to identify U.S. affiliated taxpayers who keep funds offshore in an effort to avoid their responsibilities to pay taxes on income earned.  Because of the aggressive crackdown by the IRS on offshore investments, any Americans with undeclared accounts offshore should consult with a New Jersey international tax attorney in order to obtain help protecting their assets and exploring options to reduce the risk of IRS prosecution.

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