Читать книгу THE LIFEBOAT STRATEGY - Mark Nestmann - Страница 11

Speaking of cheating the IRS…over the last few years, the IRS has become much more aggressive in trying to unearth unreported offshore bank accounts. And the U.S. Treasury has forced dozens of countries to loosen their bank secrecy rules to allow U.S. tax authorities to make inquiries into account activities. If you have an unreported offshore account, this could spell big problems.15

Penalties for failing to report offshore accounts are severe. Count on a $10,000 penalty for each year you failed to report the account for starters. If there’s substantial unreported income, the penalties are much higher. And in aggravated situations, you may be imprisoned.16

What’s more, the definition of what constitutes a “foreign account” is constantly expanding. The IRS even wants foreign persons “in or doing business” in the UnitedStates to report their non-U.S. accounts, although it’s delayed the deadline for doing so indefinitely.17