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Elder Law

: PA Elder, Estate & Fiduciary Law Blog

Offshore Accounts in Dangerous Waters

By Neil Hendershot, Esq.

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According to "IRS: Offshore account holders told fess up to lower penalties" (03/27/09) by Kevin McCoy, published in USA Today, the Internal Revenue Service finally is claiming its tax stake in unreported offshore accounts owned or controlled by U.S. citizens, under severe penalties if voluntary compliance is not forthcoming.Trying to lure wealthy Americans to disclose assets hidden offshore, the

Full post as published by PA Elder, Estate & Fiduciary Law Blog on April 13, 2009 (boomark / email).

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