Tax,
Criminal
Jul. 16, 2018
IRS offshore amnesty is closing, but still time to join
For more than 10 years, the IRS hunt has been rigorous. Some people have been prosecuted, and many have faced steep fines, back taxes, interest and penalties.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Most people with offshore income, assets or bank accounts know by now that they must declare them to the IRS. For more than 10 years, the IRS hunt has been rigorous. Some people have been prosecuted, and many have faced steep fines, back taxes, interest and penalties.
For many, the key isn't so much whether to disclose, it is how to do it. If you just start listing your offshor...
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