Tax Lawyer Blog

A Blog written by the Tax Attorneys for Individuals and Businesses

Offshore Bank Account Holders Missed IRS Offer That Expired October 15, 2009! NOW WHAT?

The IRS has steep penalties and even criminal prosecution if you have not reported your off-shore bank account or income.

San Francisco, CA – Anyone with a bank account outside of the United States who did not file an FBAR or check the yes box on their Income Tax Form may face criminal prosecution and penalties and fines that could exceed the money in the offshore account. The IRS is on a crusade to eliminate unreported income and bank accounts or any unreported other off-shore account over $10,000.

Tax Attorney Stephen Moskowitz, is representing account holders and may be able to help off-shore account holders who did not come forth before October 15, 2009. The Law Offices of Stephen Moskowitz, LLP is currently representing people with foreign bank accounts whether they reside in California or anywhere else in the world.

It is not too late to come forward and there may be benefits to filing now before the IRS discovers you. Whatever the situation getting good legal tax representation could be critical. The Law Offices of Stephen Moskowitz, LLP is available for free consultations with anyone who has an off-shore account or income.

he Law Offices of Stephen Moskowitz, LLP is a tax law firm representing individuals and businesses with any type of tax situation such as IRS and state audits, civil and criminal , payroll and sales tax returns, tax planning, and preparation of current and delinquent tax returns. Practicing with over 30 years of tax experience, Steve and his law firm have represented thousands of businesses and individuals with sensitive and complex cases. Headquartered in the Financial District of San Francisco, the Law Offices of Stephen Moskowitz, LLP represents clients with national and international cases.

For more information or if you have questions please use our contact form.

Will your Name be Dragged through the Public because of Your Tax Case

As an attorney I am extremely conscientious of client secrets and confidentiality. Rest assured that one of the benefits of hiring an attorney, is that attorney-client privilege protects you and your tax case from a number of potential issues. However, more and more we are seeing government agencies expose the name, county of residence, and amounts allegedly delinquent to attempt to shame the taxpayers or use them as an example. Often it is the tax agency that may drag a client’s name into the public domain in airing tax delinquencies or convictions. For years, both the Internal Revenue Service and various State Tax Boards have used public pressure to urge taxpayers into compliance.

In the IRS’s case, not only do names of delinquent taxpayers become public after the Internal Revenue Service files a tax lien, recently we have seen an increase in press releases documenting in tax evasion convictions.

The former chief of the criminal investigation division of the Internal Revenue Service, Mark Matthews has stated, “we believe that our publicity efforts serve as a warning to those who may be tempted to cheat that there are criminal consequences for their actions.”

Some States have statutory authority to publicly “out” delinquent tax payers. For instance, California Revenue & Taxation Code Section 19195 directs the Franchise Tax Board to publish an annual list of the top 250 taxpayers with liened state income tax delinquencies greater than $100,000.

Unfortunately, once certain due process qualifications are met, the Internal Revenue Service and/or a State agency can drag your name through the public domain. As such, it is our recommendation that you contact our office immediately when you have a tax case.