ICEPN TV “Outlook and Prospects” Special Segment
May 03, 2014
Lawrence S. Horn and Richard J. Sapinski were interviewed by Lili Greene of ICEPN TV about offshore tax evasion and the IRS Offshore Voluntary Disclosure Initiative.
- The IRS has made cracking down on offshore tax
evasion a top enforcement priority.
- The law applies to both U.S. citizens and U.S. residents.
- Over the last few years, the IRS has tried to entice
citizens and residents to report their undisclosed foreign bank accounts by
providing an Offshore Voluntary Disclosure Initiative, which provides certainty
as to civil penalties and protection from prosecution.