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The Internal Revenue Service (IRS) continues to remind taxpayers of the danger of hiding money or assets in unreported offshore accounts. The IRS has been very focused on this issue now for over [...]

The IRS recently announced the resurrecting of the Offshore Voluntary Disclosure Program (OVDP) after its collection of more than $4.4 billion in back taxes from those programs in 2009 and 2011. [...]

On February 23, the Justice Department issued an indictment against four Swiss bankers for allegedly conspiring to assist US taxpayers evade taxes through offshore banking accounts. The move was [...]

The IRS has announced a second special voluntary disclosure initiative for U.S. taxpayers with money in offshore banking accounts. The initiative, which is available through August 31, 2011, is [...]