Offshore Bank Accounts — Tampa Criminal Defense Attorneys
U.S. citizens who have foreign bank accounts that they have not disclosed to the IRS can be charged with criminal tax fraud. Offshore and foreign accounts and any income earned must be reported on a U.S. citizen’s income taxes. Because many foreign countries used to refuse to give our government information about Americans with foreign bank accounts, not disclosing these accounts was relatively easy.
In recent years, however, the Tax Division of the U.S. Department of Justice has begun to receive account information from the Swiss government regarding U.S. citizens who use Swiss bank accounts to hide assets. Numerous foreign banks are now being indicted or investigated. As a result, U.S. citizens who have not disclosed offshore accounts may be charged with tax fraud.
To encourage people to come forward, the U.S. government granted an amnesty period. If you voluntarily disclose and pay taxes on previously undisclosed foreign accounts, you may not be criminally prosecuted for tax crimes. Whether you missed the amnesty period or chose not to participate, you may face considerable fines and a prison sentence if you are convicted of IRS fraud and tax evasion.
O’Brien Hatfield Reese, PA, Is Here To Help
Our offshore bank accounts lawyers represent individuals and corporations charged with tax evasion and other criminal tax offenses. We provide aggressive defense against criminal tax charges as well as related offenses such as mail and wire fraud, making false claims, money laundering and Racketeer Influenced and Corrupt Organization Act (RICO) charges.
With our attorneys teamed up for your defense, we have the manpower to handle lengthy, complex investigations and trials. Our federal crimes and white collar crimes defense experience means we understand all aspects of offshore account and tax fraud cases.