Clock ticking for people hiding money in off-shore bank accounts

Lawrence S. Horn, Chair of the Firm’s Business Crimes and Tax Litigation Practice Groups, was interviewed for a Star-Ledger article entitled “When amnesty runs out, tax havens could be hell” by Bob Braun. This article states, “Time is running out for tens of thousands of wealthy taxpayers–including many from New Jersey–who thought they could safely hide their money in off-shore banks.” According to Horn, “It’s time to come in from the cold. Taxpayers who voluntarily turn themselves in now will likely escape criminal prosecution.” To read the entire article, please click on the following link.